SiteOne Landscape Supply (SITE) Misses Q2 EPS by 4c; Maintains Adj-EBITDA Outlook
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SiteOne Landscape Supply Announces Second Quarter 2017 Earnings
August 9, 2017 6:00 AM EDTSecond Quarter 2017 Highlights (compared to Second Quarter 2016):
Net sales increased 19% to $608.6 million Organic Daily Sales increased by 8% Gross profit increased 20% to $202.4 million; gross margin increased 50 basis points to 33.3% Net income increased 64% to $44.2 million Adjusted EBITDA increased 23% to $92.3 million; Adjusted EBITDA margin increased 60 basis points to 15.2% Completed the acquisition of Evergreen Partners, expanding our nursery presence in the CarolinasPost-Quarter Highlights:
Closed a 5.4 million share secondary offering on July 26, 2017, representing the... More