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SiteOne Landscape Supply reports developments tied to its role as a national full product line wholesale distributor of landscape supplies in the United States, with an established presence in Canada. The company serves residential and commercial landscape professionals involved in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces.
Recurring news includes quarterly earnings, net sales trends, gross margin, SG&A management, organic daily sales, pricing, commodity deflation and market demand. Updates also cover completed distributor acquisitions, expansion into additional local markets and product categories such as irrigation, agronomics, hardscapes, lighting and landscape supplies, as well as investor presentations and executive leadership changes.
SiteOne Landscape Supply, Inc. (NYSE: SITE) announced it will release its first-quarter 2022 results on May 4, 2022, before the market opens. A conference call is scheduled for 8:00 a.m. ET that same day to discuss the results, available via webcast on the Company's Investor Relations website. The call can also be accessed by phone, with a replay option available for two weeks. SiteOne is the largest national wholesale distributor of landscape supplies in the U.S. and has an expanding footprint in Canada.
SiteOne Landscape Supply (NYSE: SITE) has acquired JK Enterprise Landscape Supply, LLC, expanding its presence in Northern Virginia and Maryland with seven new locations. JK Enterprise is recognized for high-quality landscaping supplies, including mulches, soils, and hardscapes. This strategic acquisition enhances SiteOne's distribution network and aligns with its goal to be the leading full-line distributor for landscape professionals across the U.S. and Canada. The partnership promises growth opportunities for both SiteOne and JK Enterprise's customers.
SiteOne Landscape Supply reported strong financials for Q4 and FY 2021, achieving a 19% increase in net sales to $805.2 million in Q4, and a 29% increase to $3.48 billion for the full year. Gross profit rose 27% for Q4 and 35% for FY 2021, totaling $282.4 million and $1.21 billion, respectively. The company closed two acquisitions in Q4 and eight throughout the year, contributing positively to growth. Despite expected inflation, the outlook for 2022 remains cautiously optimistic with projected Adjusted EBITDA of $430 million to $450 million.
SiteOne Landscape Supply, Inc. (NYSE: SITE), the leading national wholesale distributor of landscape supplies in the U.S., will publish its fourth quarter and full year 2021 results on February 16, 2022, before market opening. A conference call will be held at 8:00 a.m. ET on the same day to discuss the results. Investors can access the live webcast on the Investor Relations section of the company's website. A telephonic replay will be available shortly after the call. The company focuses on supplying landscape professionals for both residential and commercial projects.
SiteOne Landscape Supply (NYSE: SITE) has acquired Seffner Rock & Gravel, a leading distributor based in Tampa, Florida. This acquisition marks SiteOne's first branch dedicated to hardscapes and bulk materials in Florida. The deal enhances SiteOne's capabilities to service customers in the Central Florida market, contributing to its growth strategy with a total of eight acquisitions in 2021. Seffner's reputation for high-quality products aligns well with SiteOne's focus on delivering top-tier landscape supplies to professionals in the industry.
SiteOne Landscape Supply (NYSE: SITE) announces the acquisition of Semco Stone, one of the largest natural stone distributors in the Midwest, enhancing its market presence. Semco operates four locations in Ohio and Missouri, providing high-quality natural stone and landscaping supplies. This acquisition marks SiteOne's seventh in 2021, reflecting its strategy to expand its range of landscape supplies and services. Both companies emphasize the value of their employees as key assets, promising a continued commitment to customer satisfaction.
SiteOne Landscape Supply (NYSE: SITE), the premier national wholesale distributor of landscape supplies in the U.S., announced participation in the Baird Global Industrial Conference. CEO Doug Black and CFO John Guthrie will present virtually on November 9, 2021, at 11:25 a.m. ET. The company serves residential and commercial landscape professionals and is expanding its presence in Canada. For more information, visit siteone.com.
SiteOne Landscape Supply reported a robust performance for Q3 2021, with net sales up 25% to $936.4 million. Organic Daily Sales grew by 15%, driven by strong demand for landscaping products. Gross profit surged 36% to $340.5 million, while net income rose 66% to $80.0 million. Adjusted EBITDA also saw significant growth, increasing 46% to $128.2 million. The company remains optimistic, projecting 2021 Adjusted EBITDA between $380 million to $400 million, reflecting a promising outlook amid ongoing market trends.
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SiteOne Landscape Supply, Inc. (NYSE: SITE) will announce its Q3 2021 results on November 3, 2021, before market open. A conference call to discuss these results will occur at 8:00 a.m. (ET). Investors can access the live call via the Investor Relations section of the company’s website or by phone at (877) 705-6003 (domestic) or (201) 493-6725 (international). The replay will be available until November 17, 2021. SiteOne remains the largest national distributor of landscape supplies in the U.S.