SiteOne Landscape Supply (SITE) Tops Q2 EPS by 6c, Raises FY22 EBITDA Guidance

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Go back to SiteOne Landscape Supply (SITE) Tops Q2 EPS by 6c, Raises FY22 EBITDA Guidance

SiteOne Landscape Supply Announces Second Quarter 2022 Earnings

August 3, 2022 6:00 AM EDT

Second Quarter 2022 Highlights (Compared to Second Quarter 2021):

Net sales increased 12% to $1.22 billion Organic Daily Sales increased 8% Gross profit increased 19% to $461.1 million; gross margin increased 210 basis points to 37.9% SG&A as a percentage of Net sales increased 160 basis points to 22.4% Net income increased 14% to $140.7 million Adjusted EBITDA increased 16% to $222.0 million Adjusted EBITDA margin increased 60 basis points to 18.2% Closed six acquisitions: BellStone Masonry, Preferred Seed, Across the Pond, Yard Works, Prescott Dirt, and A&A Stepping Stone

Post-Quarter Highlights

Closed one acquisition:... More