SiteOne Landscape Supply (SITE) Tops Q1 EPS by 60c, Revenues Beat
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SiteOne Landscape Supply Announces First Quarter 2021 Earnings
May 5, 2021 6:00 AM EDTFirst Quarter 2021 Highlights (Compared to First Quarter 2020):
Net sales increased by 41% to $650.2 million Organic Daily Sales increased by 32% Gross profit increased 41% to $201.5 million; gross margin decreased 10 basis points to 31.0% SG&A as a percentage of Net sales decreased by 670 basis points to 29.6% Net income increased to $7.4 million from a Net loss of ($17.5) million Adjusted EBITDA increased to $34.5 million from a loss of ($3.6) million Adjusted EBITDA margin increased 610 basis points to 5.3% Closed two acquisitions: Lucky Landscape Supply and Arizona Stone and SolsticePost-Quarter... More
