earnings
confidence high
sentiment neutral
materiality 0.75
SiteOne Q2 net sales up 5% to $1.53B; Adj. EBITDA up 5%; FY guidance $425-455M
SiteOne Landscape Supply, Inc.
- Net sales $1,530.7M (+5% YoY); organic daily sales +1%; gross margin 36.9% (+50 bps).
- Net income $139.3M (+8%); Adjusted EBITDA $237.2M (+5%); margin 15.5% flat.
- Repurchased $93.8M in Q2 and $10M post-quarter; nearly $104M total.
- Acquired remaining 25% of Devil Mountain Wholesale Nursery; amended ABL facility to April 2031.
- FY 2026 Adj. EBITDA guidance $425-455M; end markets challenging; expects flat to +1% organic daily sales.