SiteOne Landscape Supply (SITE) Misses Q4 EPS, Revenue

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Go back to SiteOne Landscape Supply (SITE) Misses Q4 EPS, Revenue

SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2022 Earnings

February 15, 2023 6:00 AM EST

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

Net sales increased 11% to $890.0 million Organic Daily Sales increased 7% Gross profit increased 7% to $302.6 million; Gross margin was 34.0% SG&A as a percentage of Net sales increased 350 basis points to 34.2% Net loss of $0.9 million Adjusted EBITDA decreased 37% to $38.9 million; Adjusted EBITDA margin was 4.4% Closed three acquisitions: Madison Block & Stone, Telluride Natural Stone, and Whittlesey Landscape Supplies & Recycling Board of Directors approved $400 million share repurchase authorization; repurchased $25.0 million of shares

Full Year 2022 Highlights (Compared to Full Year... More