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.
News for SiteOne Landscape Supply, Inc. (NYSE: SITE) centers on its role as the largest and only national full product line wholesale distributor of landscape supplies in the United States, with an established presence in Canada. Coverage highlights how the company serves residential and commercial landscape professionals who design, install and maintain lawns, gardens, golf courses and other outdoor spaces.
Readers of the SITE news page can expect frequent updates on acquisitions and market expansion. Recent announcements include the completed acquisitions of Bourget Flagstone Co. in Santa Monica, California; French Broad Stone Yards in Arden and Brevard, North Carolina; CC Landscaping Warehouse Plus in Bradenton, Florida; Red’s Home & Garden in Wilkesboro, North Carolina; Autumn Ridge Stone & Landscape Supply in Holland, Michigan; Green Trade Nursery; Grove Nursery; and Nashville Nursery and Landscape Supply in Tennessee. These transactions are described as expanding SiteOne’s presence in local markets, strengthening its teams and broadening the products and services it offers landscape professionals.
The SITE news feed also features quarterly earnings releases, where the company reports net sales, gross profit, gross margin, SG&A, net income, Adjusted EBITDA, cash from operating activities and net debt. Management commentary discusses trends in end markets such as maintenance, new residential construction, repair and upgrade, and new commercial construction, as well as pricing dynamics in categories like grass seed.
In addition, SiteOne uses news releases to announce leadership and governance developments, such as the planned retirement of its Chief Financial Officer and the appointment of a successor. For investors and industry followers, the SITE news page offers a consolidated view of operational performance, strategic acquisitions and key corporate updates related to the landscape supply sector.
SiteOne Landscape Supply reported strong results for Q1 2021, with net sales reaching $650.2 million, a 41% increase from the prior year. Organic Daily Sales rose 32%, and net income stood at $7.4 million, rebounding from a loss of ($17.5) million last year. Adjusted EBITDA increased to $34.5 million, marking significant growth. The company raised its full-year guidance for Organic Daily Sales growth to low-double digits, anticipating Adjusted EBITDA of $300 million to $320 million. Cash on hand was $32.5 million.
SiteOne Landscape Supply (NYSE: SITE) announced its acquisition of Melrose Irrigation Supply and Sales, which includes six locations across Florida specializing in irrigation, lighting, and drainage products. This acquisition enhances SiteOne's market presence as part of its strategy to expand its leadership in the landscape supply industry. Doug Black, Chairman and CEO, expressed enthusiasm for Melrose's expertise and cultural alignment. This marks SiteOne's fourth acquisition in 2021, indicating a robust growth strategy to enhance service offerings to customers in the landscape supply market.
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.