SiteOne Landscape Supply (SITE) Tops Q2 EPS by 33c
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SiteOne Landscape Supply Announces Second Quarter 2021 Earnings
August 4, 2021 6:00 AM EDTSecond Quarter 2021 Highlights (Compared to Second Quarter 2020):
Net sales increased 33% to $1.1 billion Organic Daily Sales increased by 22% Gross profit increased 36% to $388.2 million; gross margin increased 80 basis points to 35.8% SG&A as a percentage of Net sales decreased by 60 basis points to 20.8% Net income increased 56% to $123.5 million Adjusted EBITDA increased 44% to $190.6 million Adjusted EBITDA margin increased 140 basis points to 17.6% Closed three acquisitions: Timberwall Landscape & Masonry Products, Melrose Irrigation Supply, and Rock & Block Hardscape SupplyROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne Landscape Supply, Inc. (the Company or SiteOne)... More
