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SiteOne Landscape Supply, Inc. - $SITE STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SiteOne Landscape Supply's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SiteOne Landscape Supply's position in the market.

Rhea-AI Summary
Pioneer Landscape Centers completes sale to SiteOne Landscape Supply, becoming market leader in Colorado and Arizona
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Rhea-AI Sentiment
End-of-Day
0.86%
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Rhea-AI Summary
SiteOne Landscape Supply completes acquisition of Regal Chemical Company, expanding agronomics solutions and service capabilities in the Southeast.
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Rhea-AI Sentiment
End-of-Day
3.3%
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Rhea-AI Summary
SiteOne Landscape Supply completes acquisition of Pioneer Landscape Centers, becoming market leader in Colorado and Arizona
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Rhea-AI Sentiment
End-of-Day
3.38%
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none
Rhea-AI Summary
SiteOne Landscape Supply completes acquisition of Timothy's Center for Gardening in New Jersey
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End-of-Day
-0.1%
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Rhea-AI Summary
SiteOne Landscape Supply completes acquisition of New England Silica, expanding hardscapes presence in Connecticut market.
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Rhea-AI Sentiment
End-of-Day
0.92%
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Rhea-AI Summary
SiteOne Landscape Supply, Inc. (NYSE: SITE) announced its second quarter 2023 earnings. Net sales increased 11% to $1.35 billion, with organic daily sales up 4%. Gross profit increased 6% to $489.4 million, but gross margin contracted 170 basis points to 36.2%. Net income decreased 12% to $124.0 million. Adjusted EBITDA decreased 5% to $211.2 million. Operating cash flow increased $159.1 million to $253.8 million. The company completed three acquisitions during the quarter and successfully increased its term loan by $120 million to $372 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.79%
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Rhea-AI Summary
SiteOne Landscape Supply, Inc. (NYSE: SITE) will release its second quarter 2023 results on August 2, 2023. A conference call to discuss the results will be held at 8:00 a.m. (ET) on the same day. Interested parties can listen to a webcast of the call on the Investor Relations section of the company's website. A replay will be available on the website and through telephone access.
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Rhea-AI Sentiment
End-of-Day
3.84%
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-2.39%
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SiteOne Landscape Supply to participate in the 43rd Annual William Blair Growth Stock Conference
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-0.48%
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conferences
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-0.48%
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SiteOne Landscape Supply, Inc.

NYSE:SITE

SITE Rankings

SITE Stock Data

6.89B
44.48M
1.54%
105.16%
5.33%
Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
Wholesale Trade
Link
United States of America
ROSWELL

About SITE

formerly known as john deere landscapes, siteone landscape supply is the largest and only national wholesale distributor of landscaping products in the united states and canada. we have a long history of serving residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. through our network of over 460 branches across 44 states and five provinces, we offer a comprehensive selection of more than 90,000 products including irrigation supplies, fertilizer and control products, nursery goods, hardscapes, landscape lighting, drainage and erosion control products, tools, and other landscaping accessories and supplies. with a world-class team of over 2,700 industry experts, we also provide industry- leading complementary services and business assistance to support our product offering and to help our customers operate and grow their businesses; all tailored to meet each customer’s specif