SiteOne Landscape Supply (SITE) Reports In-Line Q1 EPS; Reaffirms Adj-EBITDA Outlook

SiteOne Landscape Supply (NYSE: SITE) reported Q1 EPS of ($0.26), in-line with the analyst estimate of ($0.26). Revenue for the quarter came in at $335 million versus the consensus estimate of $331.89 million.

• Net sales increased 2% year-over-year to $335.0 million vs an increase of 45% during the same period last year
• Organic Daily Sales decreased by 2% vs an increase of 22% during the same period last year
• Gross profit increased 4% to $100.9 million; gross margin increased 60 basis points to 30.1%
• Net loss of $10.5 million during seasonally weak quarter, compared to a net loss of $5.6 million during the same period last year
• Adjusted EBITDA of $1.2 million, compared to $4.5 million for the same period last year
• Completed four acquisitions during the quarter: Aspen Valley, Stone Forest, Angelo’s, and AB Supply

For 2017, they continue to expect Adjusted EBITDA to be in the range of $155 million to $165 million.

For earnings history and earnings-related data on SiteOne Landscape Supply (SITE) click here.

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