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.
SiteOne Landscape Supply Inc (NYSE: SITE) serves as North America's leading wholesale distributor of landscape supplies, supporting professionals in creating sustainable outdoor environments. This dedicated news hub provides investors and industry stakeholders with official updates and strategic developments from the company.
Access timely reports on quarterly earnings, product innovations, and market expansion initiatives. Our curated collection features press releases regarding acquisitions, sustainability efforts, and operational milestones that shape SiteOne's position in the green industry.
Key updates include leadership changes, partnership announcements, and technological advancements in irrigation systems or turf management solutions. Bookmark this page for verified information directly from corporate communications, ensuring you stay informed about factors influencing SiteOne's business trajectory.
SiteOne Landscape Supply reported Q1 2025 results with net sales increasing 4% to $939.4 million, despite a 1% decrease in Organic Daily Sales. The company's gross profit grew 3% to $309.8 million, though gross margin contracted 30 basis points to 33.0%.
The quarter saw a net loss of $27.3 million, compared to $19.3 million in Q1 2024, primarily due to higher SG&A expenses. However, Adjusted EBITDA improved 6% to $22.4 million, with margin expanding 10 basis points to 2.4%.
Notable developments include:
- Acquisition of Pacific Nurseries and Green Trade Nursery
- Base Business SG&A decreased 3% on adjusted basis
- Available capacity under ABL Facility at $467.7 million
- Net debt to Adjusted EBITDA ratio at 1.5x
Looking ahead, SiteOne expects flat to slightly up pricing for 2025, with full-year Adjusted EBITDA projected between $400 million to $430 million.
SiteOne Landscape Supply (NYSE: SITE), the largest national full product line wholesale distributor of landscape supplies in the United States, has scheduled its first quarter 2025 earnings release for Wednesday, April 30, 2025, before market opening.
The company will host a conference call at 8:00 a.m. (ET) on the same day. Investors can access the call through the company's website or by dialing 877-704-4453 (domestic) or 201-389-0920 (international). A replay will be available until May 14, 2025, by dialing 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13752895.
SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of Green Trade Nursery of Georgia, a wholesale distributor of nursery products located in Jasper, Georgia. This marks SiteOne's 100th acquisition since becoming independent in 2013 and is their second acquisition in 2025.
Green Trade, known for delivering quality nursery products and exceptional service in the North Atlanta market, will enhance SiteOne's wholesale nursery presence in this growing region. The acquisition aligns with SiteOne's strategy to expand its full range of landscape products and services across different markets.
SiteOne Landscape Supply is the largest and only national wholesale distributor offering a complete product line of landscape supplies in the United States, with an expanding presence in Canada. The company primarily serves residential and commercial landscape professionals specializing in design, installation, and maintenance of outdoor spaces.
SiteOne Landscape Supply (NYSE: SITE) reported mixed results for Q4 and full-year 2024. In Q4, net sales increased 5% to $1.01 billion with 1% organic daily sales growth, though the company posted a net loss of $21.7 million. For full-year 2024, net sales grew 6% to $4.54 billion, while net income decreased 29% to $123.6 million.
Key metrics show some challenges: Adjusted EBITDA declined 20% to $31.8 million in Q4 and fell 8% to $378.2 million for the full year. Gross margin decreased 50 basis points to 33.3% in Q4 and 30 basis points to 34.4% for the year. The company completed seven acquisitions during 2024 with approximately $200 million in trailing twelve-month sales.
Looking ahead to 2025, SiteOne expects low single-digit organic daily sales growth and projects Adjusted EBITDA between $400-430 million, anticipating improved margins despite ongoing commodity price deflation.
SiteOne Landscape Supply (NYSE: SITE), the largest national full product line wholesale distributor of landscape supplies in the United States, has announced it will release its fourth quarter and full year 2024 financial results before market opening on Wednesday, February 12, 2025.
The company will host a conference call to discuss the results at 8:00 a.m. ET on the same day. Investors can access the live conference call through the company's website or by dialing 877-704-4453 (domestic) or 201-389-0920 (international). A replay will be available until February 26, 2025, by dialing 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13750904.
SiteOne Landscape Supply (NYSE: SITE) announced that its majority-owned joint venture, Devil Mountain Wholesale Nursery, has acquired Pacific Nurseries, a wholesale distributor of nursery products located in Colma, California. This strategic acquisition expands Devil Mountain's presence in the San Francisco Bay area market and represents their first acquisition in 2025.
The acquisition follows SiteOne's purchase of a majority stake in Devil Mountain in April 2024. Devil Mountain is California's largest wholesale distributor of landscape trees and plants, serving landscape professionals through its nurseries, brokerage service, and five growing facilities. The company specializes in premium trees and plants, including their exclusive Swan Hill Olives® non-fruiting olive tree.
SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of Custom Stone, a wholesale distributor of hardscapes products with six locations across Texas markets including Austin, Dallas-Fort Worth, and Houston. This strategic acquisition positions SiteOne as the leading hardscapes provider in these high-growth markets. The deal marks SiteOne's seventh acquisition in 2024, advancing its strategy to offer a complete range of landscape supplies and services to professionals nationwide.
As the largest and only full product line national wholesale distributor of landscape supplies in the United States, SiteOne primarily serves residential and commercial landscape professionals specializing in design, installation, and maintenance of outdoor spaces.
SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of OakStreet Wholesale Nursery, a wholesale distributor of nursery products located in Fairview, Texas. This strategic move establishes SiteOne as the nursery leader in the Dallas market. OakStreet, known for high-quality products and exceptional customer service in North Texas, represents SiteOne's sixth acquisition in 2024. The acquisition aligns with SiteOne's strategy to expand its full range of landscape supplies and services across different markets. SiteOne continues to strengthen its position as the largest and only full product line national wholesale distributor of landscape supplies in the United States.
SiteOne Landscape Supply reported Q3 2024 results with net sales increasing 6% to $1.21 billion, while organic daily sales decreased 1%. Gross profit rose 6% to $411.0 million with a margin of 34.0%. Net income declined to $44.4 million from $57.3 million year-over-year. The company faced market headwinds including 3% price deflation and softer repair and remodel market. Adjusted EBITDA decreased 4% to $114.8 million. The company plans to consolidate or close 16 branches in Q4, resulting in a $5 million one-time charge, and updated its FY2024 Adjusted EBITDA guidance to $370-380 million.
SiteOne Landscape Supply, Inc. (NYSE: SITE), the largest national full product line wholesale distributor of landscape supplies in the United States, has announced the release date for its third quarter 2024 earnings report. The company will disclose results before market open on Wednesday, October 30, 2024, followed by a conference call at 8:00 a.m. (ET) the same day.
Investors can access the live conference call via webcast on the company's Investor Relations website or by dialing 877-704-4453 (domestic) or 201-389-0920 (international). A replay will be available until November 13, 2024, by dialing 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13749081.
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