SiteOne Landscape Supply (SITE) Tops Q3 EPS by 6c, Beats on Revenue; Raises FY22 EBITDA Guidance
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SiteOne Landscape Supply Announces Third Quarter 2022 Earnings
November 2, 2022 6:00 AM EDTThird Quarter 2022 Highlights (Compared to Third Quarter 2021):
Net sales increased 18% to $1.1 billion Organic Daily Sales increased 12% Gross profit increased 14% to $388.6 million; Gross margin was 35.2% SG&A as a percentage of Net sales increased 110 basis points to 26.2% Net income decreased 8% to $73.3 million Adjusted EBITDA increased 6% to $135.6 million; Adjusted EBITDA margin was 12.3% Closed six acquisitions: River Valley Horticultural, Cape Cod Stone, Linzel Distributing, Jim Stone, Stone Plus, and Kaknes Landscape Supply Increased size of ABL facility to $600 million from $375 million; extended maturity to July 2027Post-Quarter... More
