Overview
SiteOne Q3 net sales rise 4% to $1.258 bln, beating analyst expectations
Adjusted EBITDA for Q3 increases 11%, surpassing analyst estimates
Net income for Q3 grows 33% to $59.1 mln, driven by sales growth and margin improvement
Outlook
SiteOne expects full-year 2025 Adjusted EBITDA of $405 mln to $415 mln
Company anticipates 1% to 2% pricing increase in Q4 2025
SiteOne plans branch consolidations in Q4, with a $4 mln to $6 mln EBITDA charge
Result Drivers
ORGANIC SALES GROWTH - SiteOne achieved 3% growth in Organic Daily Sales due to sales initiatives and improved pricing
GROSS MARGIN IMPROVEMENT - Gross margin increased by 70 basis points to 34.7% due to improved price realization and commercial initiatives
ACQUISITIONS CONTRIBUTION - Acquisitions added $12.5 mln to net sales, contributing 1% to growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $1.25 bln | $1.25 bln (11 Analysts) |
Q3 Net Income | $59.10 mln | ||
Q3 Adjusted EBITDA | Beat | $127.50 mln | $123.40 mln (10 Analysts) |
Q3 Gross Margin | 34.70% | ||
Q3 Adjusted EBITDA Margin | 10.10% | ||
Q3 Gross Profit | $437.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy."
Wall Street's median 12-month price target for SiteOne Landscape Supply Inc is $151.50, about 18.7% above its October 28 closing price of $123.24
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 32 three months ago
Press Release: ID:nBwb7GdCPa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)