SiteOne Landscape Supply Announces Second Quarter 2019 Earnings
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SiteOne Landscape Supply (SITE) Misses Q2 EPS by 11c, Revenues Miss
July 31, 2019 6:16 AM EDTSiteOne Landscape Supply (NYSE: SITE) reported Q2 EPS of $1.52, $0.11 worse than the analyst estimate of $1.63. Revenue for the quarter came in at $752.4 million versus the consensus estimate of $772.59 million.
Net sales increased by 9% to $752.4 millionOrganic Daily Sales increased by 1%Gross profit increased by 12% to $258.0 million; gross margin expanded 90 basis points to 34.3%Net income increased by 3% to $64.7 millionAdjusted EBITDA increased by 11% to $114.3 million, adjusted EBITDA margin expanded 20 basis points to 15.2%Cash flow from operating activities increased by 199%... More