SiteOne Landscape Supply Reports Q3 2026 Earnings Growth Driven by Acquisitions and Pricing
SiteOne Landscape Supply (SITE) reported third-quarter revenue of $1,291.1 million, a 3% increase year-over-year. While organic daily sales declined by 1% due to soft market demand and weather-related delays in the fall season, growth was bolstered by $39.7 million in acquisition contributions and a 4% price inflation offset against lower volumes. The company's profitability improved, with Adjusted EBITDA rising 8% to $138.3 million and diluted EPS increasing 11% to $1.46. Gross margin expanded by 80 basis points to 35.5%, supported by strong price realization and commercial initiatives. However, management noted significant headwinds in the new residential construction market due to high interest rates and macroeconomic uncertainty. Looking ahead, SiteOne issued full-year Adjusted EBITDA guidance of $425 million to $440 million. The company is also planning a restructuring charge of $6 million to $8 million in the fourth quarter to optimize its cost structure through workforce reductions and branch consolidations.
Tickers: $SITE
Topics: Adjusted EBITDA EPS Guidance Net Sales Restructuring Share Repurchases