SiteOne Q3 net income falls 22% to $44.4M; cuts FY 2024 Adj EBITDA guidance to $370-380M

SiteOne Landscape Supply, Inc.

2024-Q3 EPS reported $3.18 revenue$3,527,500,000

Net sales up 6% to $1.21B; organic daily sales down 1% on price deflation.
Adjusted EBITDA down 4% to $114.8M; margin contracted 100 bps to 9.5%.
Net income attributable to SiteOne decreased $12.9M to $44.4M vs $57.3M a year ago.
Guidance: FY 2024 Adj EBITDA $370-380M, including $5M charge for 16 branch closures.
Refinanced term loan, extending maturity to March 2030, rate reduced 25 bps to SOFR+175.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.