SiteOne Landscape beats Q3 sales estimates, plans to close additional branches in Q4

SiteOne Landscape Supply

29/10/2025 10:09

Overview

SiteOne Q3 net sales rise 4% to $1.258 bln, beating analyst expectations

Adjusted EBITDA for Q3 increases 11%, surpassing analyst estimates

Net income for Q3 grows 33% to $59.1 mln, driven by sales growth and margin improvement

Outlook

SiteOne expects full-year 2025 Adjusted EBITDA of $405 mln to $415 mln

Company anticipates 1% to 2% pricing increase in Q4 2025

SiteOne plans branch consolidations in Q4, with a $4 mln to $6 mln EBITDA charge

Result Drivers

ORGANIC SALES GROWTH - SiteOne achieved 3% growth in Organic Daily Sales due to sales initiatives and improved pricing

GROSS MARGIN IMPROVEMENT - Gross margin increased by 70 basis points to 34.7% due to improved price realization and commercial initiatives

ACQUISITIONS CONTRIBUTION - Acquisitions added $12.5 mln to net sales, contributing 1% to growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.25 bln
$1.25 bln (11 Analysts)
Q3 Net Income
$59.10 mln
Q3 Adjusted EBITDA
Beat
$127.50 mln
$123.40 mln (10 Analysts)
Q3 Gross Margin
34.70%
Q3 Adjusted EBITDA Margin
10.10%
Q3 Gross Profit
$437.20 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "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 $151.50, about 18.7% above its October 28 closing price of $123.24

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nBwb7GdCPa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)