SiteOne Landscape Supply (SITE) Tops Q4 EPS by 11c, Revenues Beat
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SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2019 Earnings
February 18, 2020 6:00 AM ESTFourth Quarter 2019 Highlights (Compared to Fourth Quarter 2018):
Net sales increased by 13% to $535.0 million Organic 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 million Adjusted 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 million Completed three acquisitions: Design Outdoor, Dirt Doctors, and Daniel StoneFull Year 2019 Highlights (Compared to Full Year 2018):
Net sales increased by 12% to $2.36... More