Quarterly ResultApr 29, 2026, 06:13 AM
SITE Q1 Net Sales $940.1M; Loss $(24.1)M; Increased Acquisitions
AI Summary
SiteOne Landscape Supply, Inc. reported a net loss of $(24.1) million for Q1 2026, an improvement from $(27.5) million in Q1 2025, with net sales slightly increasing to $940.1 million. The company significantly ramped up its acquisition strategy, completing deals worth $78.1 million in the quarter, including Reinders and Bourget Flagstone Co. Additionally, SITE repurchased 155,130 common shares for $20.0 million under its ongoing program.
Key Highlights
- Acquisitions totaled $78.1 million in Q1 2026, up from $7.6 million year-over-year.
- Net sales increased to $940.1 million in Q1 2026 from $939.4 million year-over-year.
- Net loss improved to $(24.1) million in Q1 2026 from $(27.5) million year-over-year.
- Basic net loss per share improved to $(0.60) from $(0.61) year-over-year.
- Repurchased 155,130 common shares for $20.0 million in Q1 2026.
- Long-term debt (less current portion) rose to $531.9 million from $381.5 million.
- Inventory, net, increased to $1,107.9 million from $876.5 million.
- Landscaping products sales were $679.5 million; Agronomic and other products $260.6 million.