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 (NYSE: SITE) has completed the acquisition of Preferred Seed, a leading wholesale distributor of seed and agronomics based in New York and Pennsylvania. This marks SiteOne's third acquisition in 2022, enhancing its market presence in landscape supplies. Doug Black, CEO of SiteOne, praised Preferred Seed's reputation for excellent customer service. The partnership aims to expand opportunities for both teams and customers while continuing the tradition of personal service. SiteOne remains the largest national distributor of landscape supplies in the U.S.
SiteOne Landscape Supply (NYSE: SITE) has successfully completed its acquisition of BellStone Masonry Supply, a wholesale distributor located in Fort Worth, Texas. This marks SiteOne's second acquisition in 2022 as it aims to expand its footprint in the landscape supply industry. Both the CEO of SiteOne and the founder of BellStone expressed enthusiasm about the partnership, highlighting shared values and the potential for growth in the Fort Worth market. SiteOne remains the largest national wholesale distributor of landscape supplies in the U.S. and is expanding its presence in Canada.
SiteOne Landscape Supply, Inc. (NYSE: SITE) announced it will release its first-quarter 2022 results on May 4, 2022, before the market opens. A conference call is scheduled for 8:00 a.m. ET that same day to discuss the results, available via webcast on the Company's Investor Relations website. The call can also be accessed by phone, with a replay option available for two weeks. SiteOne is the largest national wholesale distributor of landscape supplies in the U.S. and has an expanding footprint in Canada.
SiteOne Landscape Supply (NYSE: SITE) has acquired JK Enterprise Landscape Supply, LLC, expanding its presence in Northern Virginia and Maryland with seven new locations. JK Enterprise is recognized for high-quality landscaping supplies, including mulches, soils, and hardscapes. This strategic acquisition enhances SiteOne's distribution network and aligns with its goal to be the leading full-line distributor for landscape professionals across the U.S. and Canada. The partnership promises growth opportunities for both SiteOne and JK Enterprise's customers.
SiteOne Landscape Supply reported strong financials for Q4 and FY 2021, achieving a 19% increase in net sales to $805.2 million in Q4, and a 29% increase to $3.48 billion for the full year. Gross profit rose 27% for Q4 and 35% for FY 2021, totaling $282.4 million and $1.21 billion, respectively. The company closed two acquisitions in Q4 and eight throughout the year, contributing positively to growth. Despite expected inflation, the outlook for 2022 remains cautiously optimistic with projected Adjusted EBITDA of $430 million to $450 million.
SiteOne Landscape Supply, Inc. (NYSE: SITE), the leading national wholesale distributor of landscape supplies in the U.S., will publish its fourth quarter and full year 2021 results on February 16, 2022, before market opening. A conference call will be held at 8:00 a.m. ET on the same day to discuss the results. Investors can access the live webcast on the Investor Relations section of the company's website. A telephonic replay will be available shortly after the call. The company focuses on supplying landscape professionals for both residential and commercial projects.
SiteOne Landscape Supply (NYSE: SITE) has acquired Seffner Rock & Gravel, a leading distributor based in Tampa, Florida. This acquisition marks SiteOne's first branch dedicated to hardscapes and bulk materials in Florida. The deal enhances SiteOne's capabilities to service customers in the Central Florida market, contributing to its growth strategy with a total of eight acquisitions in 2021. Seffner's reputation for high-quality products aligns well with SiteOne's focus on delivering top-tier landscape supplies to professionals in the industry.
SiteOne Landscape Supply (NYSE: SITE) announces the acquisition of Semco Stone, one of the largest natural stone distributors in the Midwest, enhancing its market presence. Semco operates four locations in Ohio and Missouri, providing high-quality natural stone and landscaping supplies. This acquisition marks SiteOne's seventh in 2021, reflecting its strategy to expand its range of landscape supplies and services. Both companies emphasize the value of their employees as key assets, promising a continued commitment to customer satisfaction.
SiteOne Landscape Supply (NYSE: SITE), the premier national wholesale distributor of landscape supplies in the U.S., announced participation in the Baird Global Industrial Conference. CEO Doug Black and CFO John Guthrie will present virtually on November 9, 2021, at 11:25 a.m. ET. The company serves residential and commercial landscape professionals and is expanding its presence in Canada. For more information, visit siteone.com.
SiteOne Landscape Supply reported a robust performance for Q3 2021, with net sales up 25% to $936.4 million. Organic Daily Sales grew by 15%, driven by strong demand for landscaping products. Gross profit surged 36% to $340.5 million, while net income rose 66% to $80.0 million. Adjusted EBITDA also saw significant growth, increasing 46% to $128.2 million. The company remains optimistic, projecting 2021 Adjusted EBITDA between $380 million to $400 million, reflecting a promising outlook amid ongoing market trends.