Overview
U.S. landscape supplies distributor's Q4 net sales rose 3%, meeting analyst expectations
Adjusted EBITDA for Q4 increased 18%, beating analyst estimates
Company repurchased $40 mln of shares and closed three acquisitions
Outlook
SiteOne expects 2026 pricing to increase 1% to 3%
Company anticipates flat overall demand in 2026
SiteOne forecasts 2026 adjusted EBITDA between $425 mln and $455 mln
Result Drivers
PRICING AND DEMAND - Improved pricing and solid demand in the maintenance market drove a 2% increase in Organic Daily Sales
ACQUISITIONS - Acquisitions contributed 1% to net sales growth, aiding overall revenue increase
GROSS MARGIN IMPROVEMENT - Gross margin increased 80 basis points due to improved price realization and acquisition contributions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Meet | $1.05 bln | $1.05 bln (11 Analysts) |
Q4 EPS | -$0.20 | ||
Q4 Net Income | -$9 mln | ||
Q4 Adjusted EBITDA | Beat | $37.60 mln | $33.56 mln (11 Analysts) |
Q4 Gross Margin | 34.10% | ||
Q4 Adjusted EBITDA Margin | 3.60% | ||
Q4 Gross Profit | $356.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "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 $151.00, about 1.5% above its February 10 closing price of $148.78
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago
Press Release: ID:nBw6x8Ht5a
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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.)