SiteOne Landscape Supply Announces First Quarter 2024 Earnings
SiteOne Landscape Supply, Inc. (SITE)
Last siteone landscape supply, inc. earnings: 4/29 06:00 am
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Source: Business Wire
First Quarter 2024 Highlights (Compared to First Quarter 2023):Net sales increased 8% to $904.8 millionOrganic Daily Sales increased 1%Gross profit increased 5% to $301.2 million; gross margin contracted 100 basis points to 33.3%SG&A as a percentage of Net sales increased 140 basis points to 36.2%Net loss of $19.3 million, compared to Net loss of $4.5 million in the prior year periodAdjusted EBITDA decreased 47% to $21.1 million; Adjusted EBITDA margin was 2.3%Operating cash flow improved by $53.3 millionPost-Quarter HighlightsClosed two acquisitions: Eggemeyer and a 75% interest in Devil Mountain Wholesale Nursey ROSWELL, Ga.--(BUSINESS WIRE)--SiteOne Landscape Supply, Inc. (the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its first quarter ended March 31, 2024 (“First Quarter 2024”).“During the first quarter of 2024 we experienced continued significant commodity pricing deflation which dampened our near-term results. Against this headwind we were pleased to achieve
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News
- Earnings Release: Here's Why Analysts Cut Their SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target To US$163 [Yahoo! Finance]Yahoo! Finance
- Calculating The Intrinsic Value Of SiteOne Landscape Supply, Inc. (NYSE:SITE) [Yahoo! Finance]Yahoo! Finance
- SiteOne Landscape Supply, Inc. (NYSE: SITE) had its price target lowered by analysts at Barclays PLC from $145.00 to $133.00. They now have an "underweight" rating on the stock.MarketBeat
- SiteOne Landscape Supply, Inc. (NYSE:SITE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- SiteOne Landscape Supply, Inc. (NYSE: SITE) had its price target lowered by analysts at Truist Financial Co. from $204.00 to $175.00. They now have a "buy" rating on the stock.MarketBeat
SITE
Earnings
- 5/1/24 - Miss
SITE
Sec Filings
- 5/15/24 - Form 144
- 5/13/24 - Form 8-K
- 5/9/24 - Form 4
- SITE's page on the SEC website