SiteOne Landscape Supply (NYSE:SITE) Posts Quarterly Earnings Results, Meets Expectations

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

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 Trading Up 2.3%

Shares of SiteOne Landscape Supply stock traded up $2.33 on Wednesday, reaching $105.36. 465,274 shares of the stock were exchanged, compared to its average volume of 821,702. SiteOne Landscape Supply has a 1-year low of $82.00 and a 1-year high of $168.56. The business has a fifty day moving average price of $93.91 and a two-hundred day moving average price of $117.06.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black bought 8,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the transaction, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

SITE has been the subject of several analyst reports. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Barclays lowered their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada dropped their target price on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Truist Financial cut their price target on 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. Finally, Weiss Ratings raised SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 22nd. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $120.40.

About SiteOne Landscape Supply

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.