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

Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001104659-24-068012
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiteOne Q2 trend update: organic daily sales down ~4-5% YoY; volumes declining
------------------------------------------------------------------------------

- Q1 2024 organic daily sales up 1% YoY; Q2 trend (through early June) down ~4-5% YoY.
- Price deflation persists at ~3-4% in Q2; volumes turning negative (-1%) after +5% in Q1.
- Adjusted EBITDA for 2023 was $410.7M (11.6% margin), down from $464.3M in 2022.
- Management taking actions: reduce SG&A, execute Pioneer turnaround, continue accretive acquisitions.
- SiteOne holds 17% share in ~$25B market with over 690 branches across 45 U.S. states and Canada.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924068012/0001104659-24-068012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924068012/tm2415972d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-068012

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