Overview

* SiteOne Q3 net sales rise 4% to $1.258 bln, beating analyst expectations

* Adjusted EBITDA for Q3 increases 11%, surpassing analyst estimates

* Net income for Q3 grows 33% to $59.1 mln, driven by sales growth and margin improvement

Outlook

* SiteOne expects full-year 2025 Adjusted EBITDA of $405 mln to $415 mln

* Company anticipates 1% to 2% pricing increase in Q4 2025

* SiteOne plans branch consolidations in Q4, with a $4 mln to $6 mln EBITDA charge

Result Drivers

* ORGANIC SALES GROWTH - SiteOne achieved 3% growth in Organic Daily Sales due to sales initiatives and improved pricing

* GROSS MARGIN IMPROVEMENT - Gross margin increased by 70 basis points to 34.7% due to improved price realization and commercial initiatives

* ACQUISITIONS CONTRIBUTION - Acquisitions added $12.5 mln to net sales, contributing 1% to growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.25 $1.25

bln bln (11

Analysts

)

Q3 Net $59.10

Income mln

Q3 Beat $127.50 $123.40

Adjusted mln mln (10

EBITDA Analysts

)

Q3 Gross 34.70%

Margin

Q3 10.10%

Adjusted

EBITDA

Margin

Q3 Gross $437.20

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy."

* Wall Street's median 12-month price target for SiteOne Landscape Supply Inc ( SITE ) is $151.50, about 18.7% above its October 28 closing price of $123.24

* The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)