SiteOne Q2 sales slightly miss estimates on soft demand

SiteOne Landscape Supply

29/07/2026 11:18

Overview
US landscape supply distributor's Q2 sales rose 5% but slightly missed analyst expectations
Adjusted EBITDA for Q2 grew 5% but missed analyst estimates
Company repurchased nearly $104 mln in shares during and after the quarter

Outlook
SiteOne expects full-year Organic Daily Sales growth to be flat to up 1%
Company sees full-year Adjusted EBITDA between $425 mln and $455 mln, including extra week impact
SiteOne expects pricing to remain up 3% for the remainder of the year

Result Drivers
SOFT DEMAND - Co said organic sales growth was limited by weaker demand in new residential construction and repair and upgrade markets
ACQUISITIONS - Acquisitions contributed 3% to net sales growth in the quarter
PRICE REALIZATION - Gross margin improvement was driven by higher price realization and commercial initiatives, partly offset by higher freight and distribution costs and commodity deflation

Company press release: ID:nBw9DVTSna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$1.53 bln
$1.54 bln (13 Analysts)
Q2 EPS
 
$3.14
 
Q2 Net Income
 
$139.30 mln
 
Q2 Adjusted EBITDA
Miss
$237.20 mln
$247.53 mln (13 Analysts)
Q2 Gross Margin
 
36.90%
 
Q2 Adjusted EBITDA Margin
 
15.50%
 
Q2 Gross Profit
 
$564.50 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "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 $154.00, about 48.8% above its July 28 closing price of $103.47
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago

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July 28 - Armstrong World Q2 revenue beats on volume and pricing gains

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.)