SiteOne Landscape Supply (SITE) Reports In-Line Q1 EPS; Reaffirms Adj-EBITDA Outlook
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SiteOne Landscape Supply Announces First Quarter 2017 Earnings
May 10, 2017 6:00 AM EDTFirst Quarter 2017 Highlights:
Net sales increased 2% year-over-year to $335.0 million vs an increase of 45% during the same period last year Organic Daily Sales decreased by 2% vs an increase of 22% during the same period last year Gross profit increased 4% to $100.9 million; gross margin increased 60 basis points to 30.1% Net loss of $10.5 million during seasonally weak quarter, compared to a net loss of $5.6 million during the same period last year Adjusted EBITDA of $1.2 million, compared to $4.5 million for the same period last year Completed... More