Siteone Landscape Supply Inc Stock Price, News & Analysis

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.

SiteOne Landscape Supply, Inc. (NYSE: SITE), the largest national wholesale distributor of landscape supplies in the U.S., announced participation in Baird’s 2020 Global Industrial Conference. CEO Doug Black and CFO John Guthrie will present virtually on November 10, 2020, at 12:15 p.m. ET. The company serves residential and commercial landscape professionals in the design and maintenance of outdoor spaces. SiteOne also has a growing presence in Canada, expanding its customer base.

SiteOne Landscape Supply reported a strong third quarter for 2020 with net sales of $751.9 million, marking a 15% year-over-year increase. Organic daily sales rose by 11% due to heightened demand for outdoor living products. The company's net income grew 39% to $48.2 million, driven by improved gross margins and effective SG&A management. SiteOne reduced its net debt to Adjusted EBITDA ratio to 0.8x from 2.9x year-over-year, enhancing its financial flexibility. Due to favorable market conditions, the company raised its 2020 Adjusted EBITDA guidance to $230 million - $236 million.

SiteOne Landscape Supply, Inc. (NYSE: SITE), the largest national wholesale distributor of landscape supplies in the U.S., will release its third quarter 2020 results on October 28, 2020, before market opening. A conference call is scheduled at 8:00 a.m. ET that day for discussions on the results. Investors can access the call via the Company's Investor Relations website, with a replay available until November 11, 2020. SiteOne serves residential and commercial landscape professionals across the U.S. and Canada.

SiteOne Landscape Supply (NYSE: SITE) announced the acquisition of Hedberg Supply, the leading supplier of hardscapes in Minnesota. This acquisition enhances SiteOne's product offerings in hardscapes and nursery supply, supporting its mission to become the premier full-line distributor in the landscape sector across the U.S. and Canada. With this being their eighth acquisition this year, SiteOne aims to expand its market presence and improve customer service in the green industry.