SiteOne Landscape Reports Q3 Earnings with EPS Beat and Revenue Miss
SiteOne Landscape (SITE) reported third-quarter financial results featuring a GAAP earnings per share of $1.46, surpassing analyst expectations by $0.06. However, the company's revenue reached $1.29 billion, falling $10 million short of consensus estimates despite achieving a 2.4% year-over-year increase. Despite the revenue miss and a 1% decline in organic daily sales, SiteOne demonstrated improved operational efficiency. Adjusted EBITDA rose by 8% to $138.3 million, while adjusted EBITDA margins expanded by 60 basis points to reach 10.7%.
Tickers: $SITE
Topics: earnings beat EBITDA growth organic sales revenue miss