SiteOne Landscape Supply Announces Third Quarter 2020 Earnings
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SiteOne Landscape Supply (SITE) Tops Q3 EPS by 24c, Revenues Beat; Raises FY20 Adj. EBITDA Guidance
October 28, 2020 6:13 AM EDTSiteOne Landscape Supply (NYSE: SITE) reported Q3 EPS of $1.08, $0.24 better than the analyst estimate of $0.84. Revenue for the quarter came in at $751.9 million versus the consensus estimate of $698.12 million.
Third Quarter 2020 Highlights (Compared to Third Quarter 2019):
Net sales increased by 15% to $751.9 millionOrganic Daily Sales increased by 11%Gross profit increased 16% to $250.1 million; gross margin increased 30 basis points to 33.3%SG&A as a percentage of Net sales decreased by 90 basis points to 24.4%Net income increased 39% to $48.2 millionAdjusted EBITDA increased 25% to $87.8 million; Adjusted... More