SiteOne Landscape Supply (SITE) Tops Q1 EPS by 13c, Revenues Beat; Withdraws FY Guidance

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Go back to SiteOne Landscape Supply (SITE) Tops Q1 EPS by 13c, Revenues Beat; Withdraws FY Guidance

SiteOne Landscape Supply Announces First Quarter 2020 Earnings

April 29, 2020 6:00 AM EDT

First Quarter 2020 Highlights (Compared to First Quarter 2019):

Net sales increased by 10% to $459.8 million Organic Daily Sales increased by 5% Gross profit increased 10% to $142.8 million; gross margin declined 10 basis points to 31.1% Net loss of $17.5 million, compared to net loss of $24.1 million Adjusted EBITDA loss of $3.6 million, compared to loss of $5.9 million Completed the acquisitions of Wittkopf Landscape Supplies, Empire Supplies, The Garden Dept., and Big Rock Natural Stone and Hardscapes Announced the appointment of Shannon Versaggi as Chief Marketing Officer effective February 17, 2020

Post-Quarter... More