SiteOne Landscape Supply Announces First Quarter 2020 Earnings
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SiteOne Landscape Supply (SITE) Tops Q1 EPS by 13c, Revenues Beat; Withdraws FY Guidance
April 29, 2020 6:12 AM EDTSiteOne Landscape Supply (NYSE: SITE) reported Q1 EPS of ($0.42), $0.13 better than the analyst estimate of ($0.55). Revenue for the quarter came in at $459.8 million versus the consensus estimate of $455.62 million.
First Quarter 2020 Highlights (Compared to First Quarter 2019):
Net sales increased by 10% to $459.8 millionOrganic Daily Sales increased by 5%Gross profit increased 10% to $142.8 million; gross margin declined 10 basis points to 31.1%Net loss of $17.5 million, compared to net loss of $24.1 millionAdjusted EBITDA loss of $3.6 million, compared to loss of $5.9 millionCompleted the acquisitions of Wittkopf Landscape Supplies, Empire Supplies,... More