SiteOne Landscape Supply (NYSE:SITE) Issues Quarterly Earnings Results, Misses Expectations By $0.22 EPS

SiteOne Landscape Supply (NYSE:SITE) released its earnings results on Wednesday. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22), FiscalAI reports. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.80%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $2.86 EPS.

Here are the key takeaways from SiteOne Landscape Supply’s conference call:

• Second-quarter results exceeded the difficult market backdrop: Net sales rose 5% to $1.53 billion, adjusted EBITDA increased 5% to $237.2 million, net income grew 8%, and adjusted EBITDA margin held at 15.5% despite a 2% volume decline.
• End-market demand remains weak, with management expecting new residential construction to decline at a high-single-digit rate and repair and upgrade activity to fall at a mid-single-digit rate in 2026. Higher fertilizer prices also temporarily pressured maintenance-product volumes, particularly among customers operating under fixed budgets.
• Commercial initiatives are supporting market-share gains and margins: private-brand sales grew strongly, Pro-Trade sales increased nearly 50% in the quarter, digital sales rose more than 50% year to date, and small-customer growth remained strong. Management expects gross margin and adjusted EBITDA margin to improve for the full year.
• SiteOne returned substantial capital to shareholders, repurchasing approximately 797,000 shares for $94 million in the quarter and $124 million year to date. The company said it will remain opportunistic with additional buybacks while preserving capacity for acquisitions.
• The company maintained its 2026 adjusted EBITDA guidance of $425 million to $455 million, including a projected $4 million-$5 million headwind from the 53rd fiscal week. Management expects additional acquisitions later in the year, supported by an active pipeline and net leverage of 1.3 times adjusted EBITDA.

SiteOne Landscape Supply Price Performance

NYSE:SITE traded up $0.52 during mid-day trading on Friday, hitting $95.47. The company’s stock had a trading volume of 607,732 shares, compared to its average volume of 785,727. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.27 and a beta of 1.34. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply has a fifty-two week low of $90.07 and a fifty-two week high of $168.56. The stock has a fifty day moving average of $106.98 and a 200-day moving average of $126.94.

More SiteOne Landscape Supply News

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Management expects 2026 adjusted EBITDA of $425 million to $455 million. The company also cited a 53rd-week calendar headwind, suggesting some pressure may be timing-related rather than a permanent deterioration in operations. SiteOne expects 2026 adjusted EBITDA of $425 million to $455 million
• Positive Sentiment: Despite lowering estimates, Truist Financial retained a “buy” rating with a $120 price target, while KeyCorp maintained an “overweight” rating and a $135 target. These targets imply substantial potential upside if demand and margins recover. Analysts cut their forecasts after downbeat Q2 results
• Neutral Sentiment: Second-quarter revenue increased 4.7% year over year to approximately $1.53 billion, indicating continued sales growth, but the improvement was modest relative to the challenges facing the business. SiteOne Landscape Supply Q2 2026 Earnings Call Summary
• Negative Sentiment: Adjusted earnings per share were $3.14, below the $3.36 analyst consensus, while revenue also narrowly missed expectations of roughly $1.54 billion. The earnings shortfall has prompted analysts to reduce their forecasts and price targets. SiteOne analysts cut forecasts after downbeat Q2 results
• Negative Sentiment: Management described mixed demand trends and cost pressures, raising concerns about near-term margins and customers’ willingness to spend on landscaping products. The disappointing report caused SITE to reach a new one-year low, reinforcing the negative market reaction. SITE Q2 Deep Dive: Mixed Demand Trends and Cost Pressures Shape Outlook

Insiders Place Their Bets

In other news, Director Fred M. Diaz sold 562 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

A number of large investors have recently bought and sold shares of SITE. Invesco Ltd. boosted its stake in shares of SiteOne Landscape Supply by 30.3% in the 4th quarter. Invesco Ltd. now owns 50,671 shares of the industrial products company’s stock valued at $6,312,000 after purchasing an additional 11,790 shares in the last quarter. Corient Private Wealth LLC boosted its position in SiteOne Landscape Supply by 132.8% in the fourth quarter. Corient Private Wealth LLC now owns 21,531 shares of the industrial products company’s stock valued at $2,682,000 after buying an additional 12,282 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in SiteOne Landscape Supply by 179.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,049 shares of the industrial products company’s stock worth $1,127,000 after buying an additional 5,808 shares during the last quarter. Empowered Funds LLC bought a new position in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $42,000. Finally, XTX Topco Ltd boosted its holdings in shares of SiteOne Landscape Supply by 316.2% in the 4th quarter. XTX Topco Ltd now owns 18,413 shares of the industrial products company’s stock worth $2,294,000 after acquiring an additional 13,989 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SITE shares. Truist Financial dropped their target price on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America reduced their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Stifel Nicolaus restated a “hold” rating and set a $100.00 price target (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Finally, Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $135.27.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.