Brief: SiteOne Landscape Says Withdrawing Previously Provided 2020 Adj. EBITDA Guidance

SiteOne Landscape Supply

29/04/2020 11:08

April 29 (Reuters) - SiteOne Landscape Supply Inc  SITE.N :
    * SITEONE LANDSCAPE SUPPLY ANNOUNCES FIRST QUARTER 2020
EARNINGS
    * Q1 SALES $459.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$455.6
MILLION
    * QTRLY ORGANIC DAILY SALES INCREASED BY 5%
    * IN APRIL WE ARE EXPERIENCING AN ORGANIC DAILY SALES
DECLINE OF
APPROXIMATELY 11%
    * ORGANIC DAILY SALES DECLINE HAS BEEN CONSISTENT FROM LAST
WEEK
OF MARCH THROUGH FIRST FOUR WEEKS OF APRIL
    * EXPECT ORGANIC DAILY SALES DECLINE TO CONTINUE IN
NEAR-TERM
    * WITHDRAWING OUR PREVIOUSLY PROVIDED 2020 ADJUSTED EBITDA
GUIDANCE RANGE
    * QTRLY LOSS PER SHARE $0.42
    * Q1 EARNINGS PER SHARE VIEW $-0.56 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw4ztfj8a 
Further company coverage:  SITE.N 

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