SiteOne Landscape Supply (SITE) Misses Q3 EPS by 2c, Revenues Miss

Go back to SiteOne Landscape Supply (SITE) Misses Q3 EPS by 2c, Revenues Miss

SiteOne Landscape Supply Announces Third Quarter 2018 Earnings

October 31, 2018 6:00 AM EDT

Third Quarter 2018 Highlights (compared to Third Quarter 2017)

Net sales increased by 15% to $578.5 million Organic Daily Sales increased by 5% Gross profit increased by 19% to $191.0 million; gross margin expanded 110 basis points to 33.0% Net income increased by 77% to $29.9 million Adjusted EBITDA increased by 24% to $60.0 million; Adjusted EBITDA margin expanded by 80 basis points to 10.4% Net cash flow provided by operating activities increased by 310% to $70.1 million Completed four acquisitions: Landscape Express, Kirkwood, Stone Center, and CentralPro with approximately $75 million in combined... More