SiteOne Landscape Supply (SITE) Tops Q1 EPS by 51c
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SiteOne Landscape Supply Announces First Quarter 2022 Earnings
May 4, 2022 6:09 AM EDTFirst Quarter 2022 Highlights (Compared to First Quarter 2021):
Net sales increased by 24% to $805.3 million Organic Daily Sales increased by 17% Gross profit increased 34% to $269.2 million; gross margin increased 240 basis points to 33.4% SG&A as a percentage of Net sales decreased by 100 basis points to 28.6% Net income increased to $32.3 million from $7.4 million Adjusted EBITDA increased by 97% to $67.8 million Adjusted EBITDA margin increased 310 basis points to 8.4% Acquired JK Enterprise Landscape SupplyPost-Quarter Highlights
Closed two acquisitions: BellStone Masonry Supply and Preferred... More