SiteOne Landscape Supply (SITE) Tops Q3 EPS by 5c, Revenues Beat

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Go back to SiteOne Landscape Supply (SITE) Tops Q3 EPS by 5c, Revenues Beat

SiteOne Landscape Supply Announces Third Quarter 2019 Earnings

October 30, 2019 6:00 AM EDT

Third Quarter 2019 Highlights (compared to Third Quarter 2018)

Net sales increased by 13% to $652.8 million Organic Daily Sales increased by 7% Gross profit increased by 13% to $215.2 million; gross margin of 33.0% was flat year-over-year SG&A as a percentage of net sales decreased 90 basis points to 25.3% Net income increased by 16% to $34.6 million Adjusted EBITDA increased by 18% to $70.5 million, adjusted EBITDA margin expanded 40 basis points to 10.8% Cash flow from operating activities increased by 8% to $75.8 million Completed two acquisitions: Voss Materials and Trendset Concrete Products

Post-Quarter... More