SiteOne Landscape Supply (NYSE:SITE) Releases Earnings Results, Meets Estimates

SiteOne Landscape Supply (NYSE:SITE) issued its earnings results on Wednesday. The industrial products company reported $1.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.46, FiscalAI reports. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 2.6% on a year-over-year basis.

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

• Q3 results exceeded the softer demand environment: Net sales rose 3% to $1.29 billion, adjusted EBITDA increased 8% to $138.3 million, and adjusted EBITDA margin expanded 60 basis points to 10.7%. Gross margin benefited from pricing and commercial initiatives, while October sales showed recovery as delayed fall-season demand shifted out of Q3.
• End-market conditions remain challenging. Organic daily sales declined 1% in Q3, with volume down approximately 5%; management expects full-year new residential construction to fall double digits and repair-and-upgrade demand to remain weak, while maintenance is expected to be flat.
• SiteOne plans workforce reductions and branch consolidations or closures in Q4 as it adjusts to ongoing softness and prepares for a potentially difficult 2027. The actions are expected to result in a $6 million to $8 million adjusted EBITDA charge, although management expects longer-term SG&A benefits.
• Capital returns and acquisitions remain key value drivers. The company repurchased approximately $62 million of stock in Q3, received a new $500 million authorization, and intends to remain opportunistic while maintaining leverage within its 1-to-2-times target range. Management also reported an active acquisition pipeline and expects further deals after adding three companies with approximately $125 million of trailing sales in 2026.
• Full-year adjusted EBITDA guidance is $425 million to $440 million. Management expects full-year organic daily sales to be flat to down 1%, with pricing contributing roughly 4% to sales growth; the EBITDA outlook excludes any contribution from unannounced acquisitions and incorporates the 53rd-week headwind and restructuring charge.

SiteOne Landscape Supply Stock Up 4.0%

NYSE:SITE traded up $4.19 during trading hours on Thursday, hitting $108.19. 126,324 shares of the company traded hands, compared to its average volume of 823,551. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.72 billion, a PE ratio of 29.64, a PEG ratio of 1.73 and a beta of 1.38. The firm’s 50-day simple moving average is $94.08 and its 200-day simple moving average is $116.92. SiteOne Landscape Supply has a one year low of $82.00 and a one year high of $168.56.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp lowered their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $91.00 in a report on Thursday, October 8th. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Robert W. Baird dropped their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Truist Financial cut their price target on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $121.80.

SiteOne Landscape Supply News Roundup

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

• Positive Sentiment: SiteOne reported third-quarter adjusted EBITDA growth of 8%, with adjusted EBITDA margin expanding by 60 basis points despite weak underlying market demand and a delayed fall season caused by hot, dry weather. SiteOne Announces Third Quarter 2026 Earnings
• Positive Sentiment: Quarterly EPS was $1.46, up from $1.31 a year earlier and above the Zacks estimate of $1.37, although it matched the broader analyst consensus. Zacks Q3 Earnings Report
• Positive Sentiment: The company increased its share-repurchase authorization by $500 million, potentially supporting per-share results and signaling confidence in long-term cash generation. SiteOne Share Repurchase Announcement
• Neutral Sentiment: Revenue increased 2.6% year over year to approximately $1.29 billion, showing continued growth but falling short of the roughly $1.30 billion analyst estimate. SiteOne Revenue Estimate Report
• Negative Sentiment: Zacks downgraded SiteOne from “hold” to “strong sell,” adding pressure to the stock following the earnings release and highlighting concerns about demand and the company’s near-term growth outlook. Zacks Downgrade Report

Insider Activity

In other news, CEO Doug Black purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $96.13 per share, with a total value of $480,650.00. Following the completion of the transaction, the chief executive officer directly owned 13,000 shares of the company’s stock, valued at approximately $1,249,690. This trade represents a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.