SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2019 Earnings
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SiteOne Landscape Supply (SITE) Tops Q4 EPS by 11c, Revenues Beat
February 18, 2020 6:01 AM ESTSiteOne Landscape Supply (NYSE: SITE) reported Q4 EPS of $0.06, $0.11 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $535 million versus the consensus estimate of $524.86 million.
Fourth Quarter 2019 Highlights (Compared to Fourth Quarter 2018):
Net sales increased by 13% to $535.0 millionOrganic Daily Sales increased by 8%Gross profit increased 14% to $170.0 million; gross margin increased 50 basis points to 31.8%Net income of $2.5 million compared to net loss of $2.1 millionAdjusted EBITDA increased 23% to $22.2 million; Adjusted EBITDA margin increased 30 basis points to 4.1%Net cash provided by operating activities improved 82% to $66.4... More