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.
SiteOne Landscape Supply Inc (NYSE: SITE) serves as North America's leading wholesale distributor of landscape supplies, supporting professionals in creating sustainable outdoor environments. This dedicated news hub provides investors and industry stakeholders with official updates and strategic developments from the company.
Access timely reports on quarterly earnings, product innovations, and market expansion initiatives. Our curated collection features press releases regarding acquisitions, sustainability efforts, and operational milestones that shape SiteOne's position in the green industry.
Key updates include leadership changes, partnership announcements, and technological advancements in irrigation systems or turf management solutions. Bookmark this page for verified information directly from corporate communications, ensuring you stay informed about factors influencing SiteOne's business trajectory.
SiteOne Landscape Supply (NYSE: SITE) announced the acquisition of Hardscape.com, a leading distributor of hardscape products in the U.S. and Canada. Hardscape.com, which operates from four Florida locations, specializes in outdoor porcelain pavers and holds exclusive rights to Saxa Gres Italian porcelain products. This acquisition enhances SiteOne's offerings in Florida and supports its national premium hardscapes strategy. This marks SiteOne's third acquisition in 2024, aligning with their goal to extend market reach and services for landscape professionals. Both companies express enthusiasm for growth and innovation through this partnership.
SiteOne Landscape Supply (NYSE: SITE) announced participation in the William Blair Growth Stock Conference. Chairman and CEO Doug Black, along with CFO John Guthrie, will present on June 4, 2024, at 8:40 a.m. CT (9:40 a.m. ET) in Chicago. The presentation will be available via live webcast on the company's Investor Relations website.
SiteOne Landscape Supply reported its first quarter 2024 earnings with a 8% increase in net sales to $904.8 million. Gross profit increased by 5% to $301.2 million, although gross margin contracted. The company closed two acquisitions post-quarter and expects commodity price deflation to impact results, with a focus on organic sales growth and EBITDA margin improvement.
SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired a majority stake in Devil Mountain Wholesale Nursery, , the largest distributor of landscape trees and plants in California. This strategic move allows SiteOne to expand its product line and geographic reach in the Western US, solidifying its position as a leader in the landscape supply industry. The acquisition marks SiteOne's commitment to growth and customer satisfaction, further enhancing its portfolio and market presence.
SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Eggemeyer, a wholesale distributor of bulk landscape supplies in Texas, strengthening its position in the central Texas market. This marks SiteOne's first acquisition in 2024, aiming to enhance product offerings and services for customers. Eggemeyer's leadership and team will join SiteOne, providing growth opportunities for employees.
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