SiteOne Landscape Supply (NYSE:SITE) Issues Earnings Results, Hits Expectations

SiteOne Landscape Supply (NYSE:SITE) announced its quarterly earnings results on Wednesday. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46, FiscalAI reports. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. SiteOne Landscape Supply had a return on equity of 10.12% and a net margin of 3.49%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS.

Here are the key takeaways from SiteOne Landscape Supply’s conference call:

• Q3 results exceeded the softer demand environment: Net sales rose 3% to $1.29 billion, adjusted EBITDA increased 8% to $138.3 million, and adjusted EBITDA margin expanded 60 basis points to 10.7%. Gross margin benefited from pricing and commercial initiatives, while October sales showed recovery as delayed fall-season demand shifted out of Q3.
• End-market conditions remain challenging. Organic daily sales declined 1% in Q3, with volume down approximately 5%; management expects full-year new residential construction to fall double digits and repair-and-upgrade demand to remain weak, while maintenance is expected to be flat.
• SiteOne plans workforce reductions and branch consolidations or closures in Q4 as it adjusts to ongoing softness and prepares for a potentially difficult 2027. The actions are expected to result in a $6 million to $8 million adjusted EBITDA charge, although management expects longer-term SG&A benefits.
• Capital returns and acquisitions remain key value drivers. The company repurchased approximately $62 million of stock in Q3, received a new $500 million authorization, and intends to remain opportunistic while maintaining leverage within its 1-to-2-times target range. Management also reported an active acquisition pipeline and expects further deals after adding three companies with approximately $125 million of trailing sales in 2026.
• Full-year adjusted EBITDA guidance is $425 million to $440 million. Management expects full-year organic daily sales to be flat to down 1%, with pricing contributing roughly 4% to sales growth; the EBITDA outlook excludes any contribution from unannounced acquisitions and incorporates the 53rd-week headwind and restructuring charge.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock traded down $0.82 during midday trading on Friday, hitting $109.90. 441,032 shares of the company traded hands, compared to its average volume of 829,771. SiteOne Landscape Supply has a 12 month low of $82.00 and a 12 month high of $168.56. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. The firm’s fifty day moving average price is $94.33 and its 200-day moving average price is $116.77.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings raised SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 22nd. Truist Financial dropped their price objective on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Robert W. Baird cut their price objective on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price target on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $123.00.

Insider Activity

In other SiteOne Landscape Supply news, CEO Doug Black purchased 8,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $102.03 per share, with a total value of $816,240.00. Following the completion of the purchase, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.