SiteOne Landscape Supply Announces First Quarter 2019 Earnings
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SiteOne Landscape Supply (SITE) Misses Q1 EPS by 10c, Revenues Miss; Affirms FY19 Adj. EBITDA Outlook
May 1, 2019 6:13 AM EDTSiteOne Landscape Supply (NYSE: SITE) reported Q1 EPS of ($0.59), $0.10 worse than the analyst estimate of ($0.49). Revenue for the quarter came in at $417.3 million versus the consensus estimate of $426.13 million.
Net sales increased by 12% to $417.3 millionOrganic Daily Sales increased by 5%Gross profit increased 20% to $130.0 million; gross margin expanded 200 basis points to 31.2%Net loss of $24.1 million, compared to net loss of $17.0 million in the prior year periodAdjusted EBITDA loss of $5.9 million, compared to loss... More