SiteOne Landscape Supply, Inc. SEC Filings

SiteOne Landscape Supply reported essentially flat first‑quarter 2026 revenue, with Net sales of $940.1 million versus $939.4 million a year earlier. The company remained loss‑making, posting a Net loss attributable to SiteOne of $26.6 million, slightly improved from $27.3 million.

Gross profit rose to $318.8 million and gross margin expanded by 90 basis points, helped by pricing and commercial initiatives, while Selling, general and administrative expenses increased to $349.9 million, reflecting higher operating costs and acquisitions. Net cash used in operating activities was $122.1 million, driven by seasonal working capital needs and inventory builds.

SiteOne spent $78.1 million on acquisitions in the quarter and ended with total assets of $3.46 billion. Long‑term debt rose, including $149.0 million outstanding on its asset‑based credit facility, and the company repurchased $20.0 million of common stock under its share buyback program.

SiteOne Landscape Supply reported First Quarter 2026 net sales of $940.1 million, essentially flat with the prior year’s $939.4 million. Organic Daily Sales fell 1% as unfavorable weather reduced volumes, though pricing remained positive and acquisitions added $12.4 million of sales.

Gross profit rose 3% to $318.8 million and gross margin improved to 33.9%, helped by higher price realization and commercial initiatives. Net loss attributable to SiteOne narrowed slightly to $26.6 million, while Adjusted EBITDA increased 14% to $25.5 million and margin improved to 2.7%.

The company completed the acquisition of Reinders, a Midwest market leader, and expects 2026 prices to rise 2% to 3% with overall end-market demand down modestly. It continues to project full‑year 2026 Adjusted EBITDA of $425 million to $455 million, including a $4 million to $5 million headwind from an extra fiscal week.

SiteOne Landscape Supply, Inc. reported that its key borrowing subsidiaries entered into a First Amendment to the Amended and Restated Credit Agreement with JPMorgan Chase Bank and other lenders. This amendment extends the revolving credit facility’s final scheduled maturity to April 22, 2031, with a springing maturity date 91 days before the maturity of a related term loan credit agreement, if earlier.

The amendment also increases the letter of credit sublimit from $30 million to $50 million, which expands the amount of standby and trade letters of credit that can be issued under the facility. In addition, it removes the prior 10 basis point credit spread adjustment applied to SOFR-based borrowings and makes other negotiated changes among the parties.

SiteOne Landscape Supply, Inc. executive Daniel T. Laughlin, SVP of Strategy & Development, reported his initial holdings of restricted share units. He holds 5,197 RSUs granted on January 2, 2026 and 3,042 RSUs granted on February 4, 2026, each vesting in four equal annual installments starting in 2027 and converting into common stock on a one-for-one basis.

SiteOne Landscape Supply, Inc. is asking stockholders to vote at the May 13, 2026 annual meeting on three main items: electing two directors for one-year terms, ratifying Deloitte & Touche LLP as independent auditor for the 2026 fiscal year, and approving a non-binding advisory vote on executive compensation.

The proxy highlights 2025 performance, including net sales of $4.70 billion (up 4%), net income of $157.4 million (up 27%), and adjusted EBITDA of $414.2 million (up 10%). It describes an 88% independent, refreshed board, extensive stockholder outreach, and a pay program weighted to performance-based incentives, with PSUs now tied 70% to relative EBTA growth and 30% to return on invested capital.

SiteOne Landscape Supply, Inc. announced a planned leadership transition in its strategy organization. Scott Salmon will retire as Executive Vice President, Strategy and Development effective March 31, 2026, after helping lead the addition of over 70 companies through acquisitions since joining in 2019.

Senior Vice President of Strategy and Development Daniel Laughlin will assume Salmon’s duties and become an executive officer on March 31, 2026, joining the Executive Leadership Team. Laughlin previously held progressive strategy and development roles at SiteOne from 2014 to 2021 and later held senior development roles at ServiceMaster Brands, Marcone Supply and Alloy Roofing.

The company states there are no special arrangements or family relationships tied to Laughlin’s appointment, and no related party transactions involving him that require disclosure. Salmon will remain with SiteOne in a limited capacity for a period of time to support an orderly transition.

SiteOne Landscape Supply Inc received an Amendment No. 7 to a Schedule 13G/A filed by The Vanguard Group clarifying that, after an internal realignment, Vanguard reports certain subsidiaries separately and does not beneficially own the securities held by those entities. The filing states amount beneficially owned: 0 shares and percent of class: 0%. The submission cites SEC Release No. 34-39538 and is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.

SiteOne Landscape Supply, Inc. describes itself as the largest and only national full-line wholesale distributor of landscape supplies in the U.S., with an established presence in Canada. As of December 28, 2025, it operated over 670 branches in 45 U.S. states and five Canadian provinces, offering about 180,000 SKUs across hardscapes, irrigation, fertilizer and control products, nursery goods, landscape accessories, outdoor lighting, and ice melt.

The company serves more than 440,000 primarily professional landscape customers, diversified by sector and end market. In the 2025 fiscal year, Net sales were derived roughly 60% from residential construction, 32% from commercial, and 8% from recreational and other uses. By end market, about 36% of Net sales came from maintenance, 34% from new construction, and 30% from repair and upgrade work, which helps smooth performance across cycles.

SiteOne sources from roughly 6,000 suppliers, with its top 10 suppliers representing about 30% of 2025 purchases. Direct distribution, which ships bulk products directly from suppliers to large projects, contributed approximately 7% of 2025 Net sales. Proprietary brands, led by LESCO®, Pro-Trade®, Solstice®, SiteOne Green Tech®, and Portfolio®, accounted for about 15% of 2025 Net sales and are being expanded.

The filing highlights a local-market operating model supported by regional and corporate functions, plus a large salesforce including area-based, agronomic, and national account teams. It also emphasizes human capital initiatives: roughly 8,200 associates (about 93% full-time, year-round), safety programs, competitive benefits, training, and several associate resource groups. A sustainability program, including an IMPACT Update and work on greenhouse gas metrics, is also described.

Extensive risk factor disclosure notes exposure to cyclical residential and commercial construction, general economic conditions and inflation, weather and seasonality, product and operating cost volatility, regulation and environmental laws, hazardous materials handling, supply chain disruptions, intense competition in a fragmented industry, labor availability and wage pressures, public perception of product safety and sustainability, acquisition execution, goodwill impairment, and potential legal and product liability claims.