secwatch.observer — SEC 8-K summary
======================================

Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001104659-24-055158
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924055158/0001104659-24-055158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924055158/tm2413035d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer