SiteOne Q1 sales miss estimates, co sees weather impact

SiteOne Landscape Supply

29/04/2026 11:14

Overview

US landscape supply distributor's Q1 sales missed analyst expectations, organic daily sales fell 1%

Adjusted EBITDA for Q1 rose 14% and beat analyst expectations

Company completed two acquisitions and repurchased $20 mln in shares

Outlook

SiteOne expects 2026 prices to increase 2% to 3% for the full year

Company expects overall end market demand to be down modestly for full year 2026

SiteOne maintains 2026 Adjusted EBITDA guidance at $425 mln to $455 mln

Result Drivers

WEATHER IMPACT - Co said unfavorable weather across several regions led to lower sales volumes and a 1% decline in organic daily sales

PRICING AND MARGIN - Gross margin improved due to higher price realization and commercial initiatives, partially offset by freight and commodity deflation

ACQUISITIONS - Acquisitions contributed $12.4 mln to net sales growth for the quarter

Company press release: ID:nBw6SXxx5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$940.1 mln
$983.19 mln (12 Analysts)
Q1 Net Income
-$26.60 mln
Q1 Adjusted EBITDA
Beat
$25.50 mln
$25.04 mln (12 Analysts)
Q1 Gross Margin
33.90%
Q1 Adjusted EBITDA Margin
2.70%
Q1 Gross Profit
$318.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "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 $167.00, about 16.8% above its April 28 closing price of $142.94

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 29 three months ago

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