---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-055158"
form_type: "8-K"
ticker: "SITE"
cik: "0001650729"
company_name: "SiteOne Landscape Supply, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:57:25.960345+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SiteOne Q1 net loss widens to $19.3M; adjusted EBITDA down 47% to $21.1M

## Summary
- Net sales +8% to $904.8M; organic daily sales +1%; gross margin -100 bps to 33.3%.
- Net loss of $19.3M vs loss of $4.5M a year ago; adjusted EBITDA margin fell 250 bps to 2.3%.
- Operating cash flow improved by $53.3M; net debt $508M; leverage unchanged at 1.3x.
- Post-quarter closed two acquisitions: Eggemeyer and 75% stake in Devil Mountain Nursery.
- FY2024 adjusted EBITDA guidance reaffirmed at $420M-$455M; expects low single-digit organic daily sales growth.

## SEC filing metadata
- accession: 0001104659-24-055158
- form_type: 8-K
- ticker: SITE
- cik: 0001650729
- company_name: SiteOne Landscape Supply, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650729/000110465924055158/0001104659-24-055158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650729/000110465924055158/tm2413035d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-055158
- JSON: https://secwatch.observer/filing/0001104659-24-055158.json
- Plain text: https://secwatch.observer/filing/0001104659-24-055158.txt

## Key facts
- Earnings Releases
  SiteOne Landscape Supply, Inc. reported first quarter ended March 31, 2024 results: revenue $904.8 million, net income $19.3 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $904.8 million
  - Net income: $19.3 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 99.1 May 1, 2024 SiteOne Landscape Supply Announces First Quarter 2024 Earnings First Quarter 2024 Highlights (Compared to First Quarter 2023): · Net sales increased 8% to $904.8 million · Organic Daily Sales increased 1% · Gross profit increased 5% to $301.2 million; gross margin contracted 100 basis points to 33.3% · SG&A as a percentage of Net sales increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650729/000110465924055158/0001104659-24-055158-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.