Siteone Landscape Supply Inc Stock Price, News & Analysis

SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of Timberwall Landscape & Masonry Products, enhancing its presence in the Twin Cities market. Timberwall, located in Victoria, Minnesota, specializes in hardscape products and landscaping supplies for professionals and homeowners. This acquisition is part of SiteOne's strategy to expand its geographic coverage and service offerings, following its previous acquisition of Hedberg Supply. Both companies aim to provide superior value and service to customers in the green industry.

SiteOne Landscape Supply, Inc. (NYSE: SITE) is set to release its first quarter 2021 results on May 5, 2021, before market opening. A conference call will occur at 8:00 a.m. (ET) to discuss these results. Investors can access the live webcast via the Investor Relations section of the Company’s website. A telephonic replay of the call will be available shortly after, lasting until May 19, 2021.

SiteOne Landscape Supply (NYSE: SITE) announced the acquisition of Arizona Stone & Architectural Products and Solstice Stone, effective April 1, 2021. This acquisition adds nine locations across Arizona and Las Vegas, enhancing SiteOne's distribution of hardscapes and landscape supplies. Doug Black, CEO, emphasized the synergy between AZ Stone and Solstice's offerings and SiteOne's existing products. Bill Burke, founder of AZ Stone and Solstice, expressed enthusiasm for joining a national organization, highlighting the opportunities for employees. This is SiteOne's second acquisition in 2021.

SiteOne Landscape Supply reported strong financial results for Q4 and FY 2020, with net sales of $675.1 million for Q4, a 26% increase year-over-year, and $2.70 billion for the full year, up 15%. Organic Daily Sales grew 12% in Q4 and 8% for the year. Adjusted EBITDA surged 98% to $43.9 million in Q4, with a margin improvement to 6.5%. Net income rose to $11.5 million from $2.5 million in Q4, aided by higher sales and improved margins. The company anticipates mid-single digit Organic Daily Sales growth for 2021 and expects Adjusted EBITDA between $275 million and $292 million.

SiteOne Landscape Supply, Inc. (NYSE: SITE) has announced its acquisition of Lucky Landscape Supply, LLC, effective February 17, 2021. Located in Katy, TX, Lucky Landscape enhances SiteOne's presence in the Greater Houston area, marking the company’s fourth dedicated nursery branch in this market. Doug Black, Chairman and CEO, emphasized the strategic nature of this acquisition, which aims to enhance product and service offerings. The owners of Lucky Landscape expressed satisfaction with the partnership due to shared core values and culture.

SiteOne Landscape Supply, Inc. (NYSE: SITE) will release its fourth quarter and full year 2020 results on February 24, 2021, before market opening. A conference call is scheduled for 8:00 a.m. (ET) to discuss the results, available via webcast on the Investor Relations section of the Company's website. Interested parties can also access the call by phone. SiteOne is the leading national wholesale distributor of landscape supplies in the U.S., focusing on residential and commercial landscape professionals.

SiteOne® Landscape Supply (NYSE: SITE) announced the acquisition of Stone Center of Virginia, comprising two locations serving Richmond and Fredericksburg, effective December 31, 2020. This addition strengthens SiteOne's product offerings in hardscapes and landscape supplies.

CEO Doug Black expressed excitement over the acquisition, highlighting the quality and reputation of Stone Center. This marks SiteOne's 11th acquisition in 2020, aiming to enhance its market presence and expand services across various regions.

SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of Dirt and Rock, LLC, effective December 30, 2020. Dirt and Rock operates in the Lake Oconee, GA market, focusing on hardscapes, natural stone, and landscape supplies distribution to professionals. This acquisition marks SiteOne's tenth in 2020, enhancing its product and service offerings in Georgia. Doug Black, Chairman and CEO, emphasized the skilled team at Dirt and Rock and its alignment with SiteOne's growth strategy, expanding the company's national footprint in the wholesale landscape supply sector.

SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of Alpine Materials, enhancing its distribution capabilities in the Dallas, Texas market. Alpine Materials specializes in mulches, soils, and hardscape materials for landscape professionals. This acquisition marks SiteOne's ninth in 2020, furthering its goal to become the leading full product line distributor in the Green Industry. CEO Doug Black emphasized Alpine's strong team and commitment to quality and service, adding to SiteOne's extensive product offerings.