SiteOne Landscape Supply Announces First Quarter 2021 Earnings
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SiteOne Landscape Supply (SITE) Tops Q1 EPS by 60c, Revenues Beat
May 5, 2021 6:04 AM EDTSiteOne Landscape Supply (NYSE: SITE) reported Q1 EPS of $0.16, $0.60 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $650.2 million versus the consensus estimate of $537.96 million.
First Quarter 2021 Highlights (Compared to First Quarter 2020):
Net sales increased by 41% to $650.2 millionOrganic Daily Sales increased by 32%Gross profit increased 41% to $201.5 million; gross margin decreased 10 basis points to 31.0%SG&A as a percentage of Net sales decreased by 670 basis points to 29.6%Net income increased to $7.4 million from a Net loss of ($17.5) millionAdjusted EBITDA increased to $34.5 million from a loss... More