Siteone Landscape Supply Inc Stock Price, News & Analysis

SiteOne Landscape Supply, Inc. (NYSE:SITE), the largest national wholesale distributor of landscape supplies in the U.S., will announce its second quarter 2021 results on August 4, 2021, before the market opens. A conference call to discuss the results will take place at 8:00 a.m. ET on the same day, accessible via the Company’s Investor Relations site. This announcement reflects SiteOne's commitment to transparency and engagement with investors. The Company serves residential and commercial landscape professionals across the U.S. and Canada.

SiteOne® Landscape Supply, Inc. (NYSE: SITE), the premier national wholesale distributor of landscape supplies in the U.S., announced that its CEO Doug Black and CFO John Guthrie will present at Baird’s 2021 Global Consumer, Technology & Services Conference on June 9, 2021, at 10:15 a.m. ET. This event showcases SiteOne's leadership in the landscaping supply industry, serving residential and commercial landscape professionals focused on outdoor design and maintenance.

SiteOne® Landscape Supply, Inc (NYSE: SITE), the leading wholesale distributor of landscape supplies in the U.S., announced participation in the William Blair’s 41st Annual Growth Stock Conference. Doug Black, Chairman and CEO, and John Guthrie, EVP and CFO, will present virtually on June 1, 2021, at 10:20 a.m. ET. Investors can access the live webcast and additional materials at SiteOne's Investor Relations site.

SiteOne serves landscape professionals focusing on residential and commercial outdoor spaces in the U.S. and Canada.

SiteOne Landscape Supply (NYSE: SITE) has acquired Rock & Block Hardscape Supply, which operates two locations in California, serving the San Diego and Southern Orange County markets. This acquisition is part of SiteOne's strategy to enhance its hardscape distribution presence in Southern California, according to CEO Doug Black. Rock & Block's founders expressed enthusiasm for joining SiteOne, highlighting the potential for improved service and opportunities for their employees. This marks SiteOne's fifth acquisition in 2021, underscoring its expansion efforts in 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.