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SiteOne Landscape Supply (SITE) investor relations material
SiteOne Landscape Supply Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales rose 3% to $1,291.1M while Organic Daily Sales fell 1% amid soft demand and weather-delayed fall applications.
Adjusted EBITDA increased 8% to $138.3M, with margin up 60 bps to 10.7%; attributable net income rose 8% to $63.9M.
Commercial initiatives supported margin gains; acquisitions added growth, and Q3 share repurchases totaled $62.2M.
Financial highlights
Gross profit rose 5% to $458.5M; gross margin expanded 80 bps to 35.5%, driven by price realization, fuel surcharges and commercial initiatives.
Acquired sales of $39.7M contributed 3% to sales growth; organic daily volume fell ~5% while pricing contributed 4%.
SG&A increased to $368.7M; SG&A as a share of sales rose 20 bps to 28.6% amid higher fuel and healthcare costs and lower volume.
Operating income was $95.8M versus $85.2M; diluted EPS was $1.46 versus $1.31.
Q3 operating cash flow was $125.6M, down $3.0M YoY; capital expenditures were $17.3M versus $10.1M.
Outlook and guidance
FY26 Adjusted EBITDA guidance is $425M-$440M, excluding contributions from unannounced acquisitions; slight Adjusted EBITDA margin expansion is expected.
FY26 Organic Daily Sales are expected flat to down 1%, with pricing contributing ~4% to full-year net sales growth.
Gross margin is expected to improve while SG&A as a percentage of sales is expected to rise; workforce reductions and branch consolidations or closures carry a Q4 Adjusted EBITDA charge of $6M-$8M.
The 53rd week is expected to reduce Q4 Adjusted EBITDA by $4M-$5M and FY Organic Daily Sales growth by ~80 bps.
Demand conditions in 2027 are expected to remain similar to 2026; cost actions aim to support performance and long-term margin targets.
- Q2 2026 saw 5% sales growth, 8% higher net income, and robust share repurchases.SITE
Q2 2026 - Targets $7B–$8B sales and 13% EBITDA margin by 2030, driven by organic and acquisition growth.SITE
Investor Day 2026 - Gross profit and Adjusted EBITDA rose despite flat sales and macroeconomic challenges.SITE
Q1 2026 - Annual meeting to vote on directors, auditor ratification, and executive compensation.SITE
Proxy filing - Strong financial growth, governance enhancements, and ESG progress highlighted for 2025.SITE
Proxy filing - 2025 saw sales and margin growth, with 2026 set for further gains amid a flat market.SITE
Q4 2025 - Q3 2025 delivered 4% sales growth, margin gains, and robust cash flow amid soft markets.SITE
Q3 2025 - Q2 net sales up 4% to $1.41B as acquisitions offset organic decline and margin pressure.SITE
Q2 2024 - Facing Q2 softness and price deflation, focus remains on growth, margin, and digital leverage.SITE
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