SiteOne Landscape Supply's Q2 revenue misses estimates

SiteOne Landscape Supply

30/07/2025 11:14

Overview

SiteOne Q2 net sales up 3% but missed analyst expectations

Adjusted EBITDA rose 8%, beating estimates, per LSEG data

Company completed acquisition of Green Trade Nursery

Outlook

Company expects full-year Adjusted EBITDA between $400 mln and $430 mln

SiteOne anticipates low single-digit Organic Daily Sales growth for rest of year

Company sees pricing flat in Q3, up 1-2% in Q4

SiteOne expects softness in new residential construction and repair markets

Result Drivers

ACQUISITIONS - Acquisitions contributed $40.9 mln to net sales growth, accounting for the entire 3% increase in Q2 sales

PRICE REALIZATION - Improved price realization and acquisitions drove a 30 basis point increase in gross margin to 36.4%

SG&A LEVERAGE - Decrease in SG&A as a percentage of net sales by 40 basis points to 23.9% due to efficiency improvements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$1.46 bln
$1.47 bln (11 Analysts)
Q2 Net Income
$129 mln
Q2 Adjusted EBITDA
Beat
$226.70 mln
$222.20 mln (10 Analysts)
Q2 Gross Margin
36.4%
Q2 Adjusted EBITDA Margin
15.5%
Q2 Gross Profit
$531.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy"

Wall Street's median 12-month price target for SiteOne Landscape Supply Inc is $135.00, about 4.8% above its July 29 closing price of $128.57

Press Release: ID:nBw2tVLLTa

(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.)