SiteOne Landscape Supply (SITE) Misses Q4 EPS by 6c
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SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2016 Earnings
March 15, 2017 6:00 AM EDTFourth Quarter 2016 Highlights:
Net sales increased by 6% year-over-year to $361.8 million Organic Sales decreased by 3%, but Organic Daily Sales increased by 3% Gross profit increased 7% to $111.8 million; gross margin was 30.9% Net loss of $5.6 million during seasonally weak quarter, compared to a net loss of $5.9 million during the same period last year Adjusted EBITDA decreased slightly to $11.2 million, compared to $11.9 million for the prior year period Completed the acquisitions of Loma Vista Nursery and East Haven Landscape ProductsFull Year 2016 Highlights:
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