SiteOne Landscape Supply (SITE) Misses Q3 EPS by 2c, Revenues Miss
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SiteOne Landscape Supply Announces Third Quarter 2018 Earnings
October 31, 2018 6:00 AM EDTThird Quarter 2018 Highlights (compared to Third Quarter 2017)
Net sales increased by 15% to $578.5 million Organic Daily Sales increased by 5% Gross profit increased by 19% to $191.0 million; gross margin expanded 110 basis points to 33.0% Net income increased by 77% to $29.9 million Adjusted EBITDA increased by 24% to $60.0 million; Adjusted EBITDA margin expanded by 80 basis points to 10.4% Net cash flow provided by operating activities increased by 310% to $70.1 million Completed four acquisitions: Landscape Express, Kirkwood, Stone Center, and CentralPro with approximately $75 million in combined... More