SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2020 Earnings
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SiteOne Landscape Supply (SITE) Tops Q4 EPS by 32c, Revenues Beat
February 24, 2021 6:13 AM ESTSiteOne Landscape Supply (NYSE: SITE) reported Q4 EPS of $0.25, $0.32 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $675.1 million versus the consensus estimate of $608.56 million.
Fourth Quarter 2020 Highlights (Compared to Fourth Quarter 2019):
Net sales increased by 26% to $675.1 millionOrganic Daily Sales increased by 12%Gross profit increased 31% to $222.3 million; gross margin increased 110 basis points to 32.9%SG&A as a percentage of Net sales decreased by 120 basis points to 30.0%Net income increased to $11.5 million from $2.5 millionAdjusted EBITDA increased by $21.7 million, or 98%, to $43.9 million; Adjusted EBITDA margin... More