SiteOne Q2 net sales +4% to $1.41B; organic sales -3%; Adj. EBITDA down slightly

SiteOne Landscape Supply, Inc.

2024-Q2 EPS reported $2.21 revenue$2,318,700,000

Net income attributable to common shares fell 3% to $120.2M from $124.0M.
Organic Daily Sales decreased 3% due to soft demand and commodity price deflation.
Adjusted EBITDA $210.5M vs $211.2M; margin down 70 bps to 14.9%.
Fiscal 2024 Adjusted EBITDA guidance lowered to $380-400M (prior not explicitly stated).
Closed four acquisitions in Q2 and one post-quarter; refinanced term loan with $25M increase and lower rate.

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