secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001104659-24-084097
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924084097/0001104659-24-084097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924084097/tm2420408d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084097

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