Quarterly ResultApr 29, 2026, 06:13 AM
SITE Q1 Net Sales $940.1M; Adj. EBITDA +14% to $25.5M; Reaffirms FY26 Outlook
AI Summary
SiteOne Landscape Supply reported Q1 2026 net sales of $940.1 million, a slight increase of $0.7 million year-over-year, despite a 1% decrease in organic daily sales due to unfavorable weather. The company achieved a 14% increase in Adjusted EBITDA to $25.5 million, with gross margin improving by 90 basis points to 33.9%. SiteOne also completed the acquisitions of Bourget Flagstone and Reinders, repurchased $20.0 million in shares, and reaffirmed its full-year 2026 Adjusted EBITDA guidance of $425 million to $455 million.
Key Highlights
- Net sales increased to $940.1 million in Q1 2026, up $0.7 million from prior year.
- Adjusted EBITDA rose 14% to $25.5 million, with margin improving 30 basis points to 2.7%.
- Gross profit increased 3% to $318.8 million; gross margin improved 90 basis points to 33.9%.
- Net loss attributable to SiteOne improved to $26.6 million from $27.3 million year-over-year.
- Completed acquisitions of Bourget Flagstone and Reinders during the quarter.
- Repurchased $20.0 million of shares under the share repurchase authorization.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $425 million to $455 million.
- Amended ABL Facility, extending maturity to April 2031 post-quarter.