SiteOne Landscape Supply (NYSE:SITE) Announces Earnings Results

SiteOne Landscape Supply (NYSE:SITE) posted its quarterly earnings results on Wednesday. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22), FiscalAI reports. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business posted $2.86 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year.

Here are the key takeaways from SiteOne Landscape Supply’s conference call:

• Second-quarter results exceeded the difficult market backdrop: Net sales rose 5% to $1.53 billion, adjusted EBITDA increased 5% to $237.2 million, net income grew 8%, and adjusted EBITDA margin held at 15.5% despite a 2% volume decline.
• End-market demand remains weak, with management expecting new residential construction to decline at a high-single-digit rate and repair and upgrade activity to fall at a mid-single-digit rate in 2026. Higher fertilizer prices also temporarily pressured maintenance-product volumes, particularly among customers operating under fixed budgets.
• Commercial initiatives are supporting market-share gains and margins: private-brand sales grew strongly, Pro-Trade sales increased nearly 50% in the quarter, digital sales rose more than 50% year to date, and small-customer growth remained strong. Management expects gross margin and adjusted EBITDA margin to improve for the full year.
• SiteOne returned substantial capital to shareholders, repurchasing approximately 797,000 shares for $94 million in the quarter and $124 million year to date. The company said it will remain opportunistic with additional buybacks while preserving capacity for acquisitions.
• The company maintained its 2026 adjusted EBITDA guidance of $425 million to $455 million, including a projected $4 million-$5 million headwind from the 53rd fiscal week. Management expects additional acquisitions later in the year, supported by an active pipeline and net leverage of 1.3 times adjusted EBITDA.

SiteOne Landscape Supply Stock Up 0.2%

NYSE SITE traded up $0.22 during trading hours on Thursday, reaching $94.01. 526,064 shares of the company’s stock traded hands, compared to its average volume of 781,089. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The firm has a 50-day simple moving average of $107.39 and a 200 day simple moving average of $127.26. SiteOne Landscape Supply has a 52-week low of $90.07 and a 52-week high of $168.56. The firm has a market cap of $4.17 billion, a PE ratio of 27.97, a PEG ratio of 1.40 and a beta of 1.34.

Key Stories Impacting SiteOne Landscape Supply

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: SiteOne reported second-quarter revenue of approximately $1.53 billion, up 4.7% year over year, while earnings per share increased to $3.14 from $2.86 a year earlier. KeyCorp maintained an Overweight rating and still sees substantial potential upside, despite lowering its price target to $135 from $145. Benzinga
• Neutral Sentiment: Management expects 2026 adjusted EBITDA of $425 million to $455 million. However, the company cited the impact of a 53rd week in the calendar, which may complicate year-over-year comparisons and limit reported profitability growth. SiteOne EBITDA Outlook
• Negative Sentiment: Second-quarter EPS of $3.14 missed the $3.36 consensus estimate by $0.22, and revenue of $1.53 billion was below the $1.54 billion forecast. The earnings shortfall triggered the market’s negative reaction. Zacks Earnings Report
• Negative Sentiment: Analysts cut their forecasts following the results. Robert W. Baird lowered its expectations, while KeyCorp reduced its price target even though it retained a positive rating. The stock subsequently reached a new 52-week low, underscoring investor concern about near-term operating performance. SiteOne New 52-Week Low

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the sale, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several large investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in SiteOne Landscape Supply by 30.3% in the 4th quarter. Invesco Ltd. now owns 50,671 shares of the industrial products company’s stock worth $6,312,000 after purchasing an additional 11,790 shares during the period. Corient Private Wealth LLC increased its holdings in SiteOne Landscape Supply by 132.8% in the 4th quarter. Corient Private Wealth LLC now owns 21,531 shares of the industrial products company’s stock valued at $2,682,000 after acquiring an additional 12,282 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of SiteOne Landscape Supply by 179.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,049 shares of the industrial products company’s stock valued at $1,127,000 after purchasing an additional 5,808 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at about $42,000. Finally, XTX Topco Ltd increased its holdings in shares of SiteOne Landscape Supply by 316.2% in the fourth quarter. XTX Topco Ltd now owns 18,413 shares of the industrial products company’s stock worth $2,294,000 after purchasing an additional 13,989 shares during the last quarter.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group reissued a “neutral” rating and issued a $110.00 target price on shares of SiteOne Landscape Supply in a research note on Thursday. Bank of America dropped their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a report on Monday, April 20th. KeyCorp reduced their price target on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Barclays decreased their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $135.27.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.