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SiteOne Landscape Supply, Inc. - $SITE STOCK NEWS

Welcome to our dedicated page for SiteOne Landscape Supply news (Ticker: $SITE), a resource for investors and traders seeking the latest updates and insights on SiteOne Landscape Supply stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SiteOne Landscape Supply's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SiteOne Landscape Supply's position in the market.

Rhea-AI Summary

SiteOne Landscape Supply reported its first quarter 2024 earnings with a 8% increase in net sales to $904.8 million. Gross profit increased by 5% to $301.2 million, although gross margin contracted. The company closed two acquisitions post-quarter and expects commodity price deflation to impact results, with a focus on organic sales growth and EBITDA margin improvement.

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-8.53%
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SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired a majority stake in Devil Mountain Wholesale Nursery, , the largest distributor of landscape trees and plants in California. This strategic move allows SiteOne to expand its product line and geographic reach in the Western US, solidifying its position as a leader in the landscape supply industry. The acquisition marks SiteOne's commitment to growth and customer satisfaction, further enhancing its portfolio and market presence.

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-8.53%
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SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Eggemeyer, a wholesale distributor of bulk landscape supplies in Texas, strengthening its position in the central Texas market. This marks SiteOne's first acquisition in 2024, aiming to enhance product offerings and services for customers. Eggemeyer's leadership and team will join SiteOne, providing growth opportunities for employees.

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SiteOne Landscape Supply, Inc. (NYSE: SITE) will release its first quarter 2024 results on May 1, 2024. Interested parties can join the conference call or webcast to discuss the results.
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-4.71%
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Rhea-AI Summary
SiteOne Landscape Supply, Inc. (NYSE: SITE) reported positive growth in net sales for the fourth quarter and full year of 2023. Despite challenges like market softness and cost inflation, the company managed to achieve modest adjusted EBITDA growth and record operating cash flow. Acquisitions also played a significant role in the company's growth.
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End-of-Day
8.49%
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SiteOne Landscape Supply, Inc. will release its fourth quarter and full year 2023 results on February 14, 2024. The company will hold a conference call to discuss the results, and interested investors can listen to a webcast or access the call via telephone. The online replay will be available on the company's website, and a telephonic replay will also be accessible for a limited time.
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-2.18%
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SiteOne Landscape Supply, Inc. (NYSE: SITE) has completed the acquisition of Newsom Seed, a wholesale distributor of agronomics products in Maryland. This marks the 11th acquisition for SiteOne in 2023, showcasing the company's commitment to expanding its market presence and product offerings.
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1.08%
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SiteOne Landscape Supply, Inc. reported its third-quarter 2023 earnings with net sales increasing by 4% to $1.15 billion. However, organic daily sales decreased by 2%, and gross margin contracted by 130 basis points to 33.9%. Net income also decreased by 22% to $57.3 million. The company successfully closed six acquisitions and increased its term loan by $120 million.
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-10.48%
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SiteOne Landscape Supply to release Q3 2023 results
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-1.62%
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SiteOne Landscape Supply completes acquisition of JMJ Organics, expanding its footprint in the Houston market.
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-0.4%
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SiteOne Landscape Supply, Inc.

NYSE:SITE

SITE Rankings

SITE Stock Data

7.06B
44.48M
1.54%
105.16%
5.33%
Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
Wholesale Trade
Link
United States of America
ROSWELL

About SITE

formerly known as john deere landscapes, siteone landscape supply is the largest and only national wholesale distributor of landscaping products in the united states and canada. we have a long history of serving residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. through our network of over 460 branches across 44 states and five provinces, we offer a comprehensive selection of more than 90,000 products including irrigation supplies, fertilizer and control products, nursery goods, hardscapes, landscape lighting, drainage and erosion control products, tools, and other landscaping accessories and supplies. with a world-class team of over 2,700 industry experts, we also provide industry- leading complementary services and business assistance to support our product offering and to help our customers operate and grow their businesses; all tailored to meet each customer’s specif