Brief: Siteone Landscape Supply Announces Fourth Quarter And Full Year 2022 Earnings

SiteOne Landscape Supply

15/02/2023 11:07

Feb 15 (Reuters) - Siteone Landscape Supply Inc
 SITE.N :
    * SITEONE LANDSCAPE SUPPLY ANNOUNCES FOURTH QUARTER AND FULL
YEAR
2022 EARNINGS
    * BOARD OF DIRECTORS APPROVED $400 MILLION SHARE REPURCHASE
AUTHORIZATION; REPURCHASED $25.0 MILLION OF SHARES
    * SITEONE - SEES NEARLY 80% OF BUSINESS TIED TO MAINTENANCE,
REPAIR, UPGRADE, NEW COMMERCIAL CONSTRUCTION TO REMAIN RESILIENT
WITH FLAT TO MODEST GROWTH IN 2023
    * EXPECT REMAINDER OF BUSINESS TIED TO NEW RESIDENTIAL
CONSTRUCTION WILL BE DOWN IN 2023
    * IN TOTAL, WE EXPECT ORGANIC DAILY SALES TO BE FLAT TO DOWN
MID-SINGLE DIGITS FOR FULL YEAR 2023
    * SITEONE LANDSCAPE SUPPLY - FOR FISCAL 2023, EXPECT
ADJUSTED
EBITDA TO BE IN RANGE OF $395 MILLION TO $425 MILLION
    * QTRLY LOSS PER SHARE $0.02
    * Q4 EARNINGS PER SHARE VIEW $0.13, REVENUE VIEW $897.0
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nBw9zSYJKa 
Further company coverage:  SITE.N 
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