SiteOne Q4 net sales rise 3%, meet expectations

Overview

• U.S. landscape supplies distributor's Q4 net sales rose 3%, meeting analyst expectations

• Adjusted EBITDA for Q4 increased 18%, beating analyst estimates

• Company repurchased $40 mln of shares and closed three acquisitions

Outlook

• SiteOne expects 2026 pricing to increase 1% to 3%

• Company anticipates flat overall demand in 2026

• SiteOne forecasts 2026 adjusted EBITDA between $425 mln and $455 mln

Result Drivers

• PRICING AND DEMAND - Improved pricing and solid demand in the maintenance market drove a 2% increase in Organic Daily Sales

• ACQUISITIONS - Acquisitions contributed 1% to net sales growth, aiding overall revenue increase

• GROSS MARGIN IMPROVEMENT - Gross margin increased 80 basis points due to improved price realization and acquisition contributions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy"

• Wall Street's median 12-month price target for SiteOne Landscape Supply Inc is $151.00, about 1.5% above its February 10 closing price of $148.78

• The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nBw6x8Ht5a

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