secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001104659-24-112357
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924112357/0001104659-24-112357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924112357/tm2426809d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112357

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