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SiteOne Landscape Supply Announces Second Quarter 2026 Earnings

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  • SiteOne Landscape Supply, Inc. reported Second Quarter 2026 net sales of $1,530.7 million, a 5% increase from the prior year period.
  • Organic Daily Sales increased 1% compared to the prior year, driven by price inflation & commercial initiatives despite softer demand in residential construction & repair markets.
  • Gross profit rose 6% to $564.5 million, with gross margin expanding 50 basis points to 36.9%.
  • SG&A expenses increased to $370.7 million, representing 24.2% of net sales, an increase of 30 basis points.
  • Net income attributable to SiteOne increased 8% to $139.3 million for the quarter.
  • Adjusted EBITDA increased 5% to $237.2 million, resulting in an Adjusted EBITDA margin of 15.5%.
  • The company repurchased $93.8 million of shares during the quarter & an additional $10.0 million in July, totaling nearly $104 million in share buybacks.
  • SiteOne acquired the remaining 25% interest in Devil Mountain Wholesale Nursery & amended its ABL Facility to extend maturity to April 2031.
  • Cash provided by operating activities increased $16.5 million to $153.2 million for the quarter.
  • Net debt as of June 28, 2026, was $555.6 million, with a net debt to Adjusted EBITDA ratio of 1.3 times.
  • Fiscal 2026 outlook includes expected Adjusted EBITDA between $425 million & $455 million, reflecting a 53rd week in December & ongoing market challenges.
  • Management expects full-year Organic Daily Sales growth to be flat to up 1% & pricing to remain up 3% for the remainder of the year.
  • Conference call to discuss results was scheduled for July 29, 2026, at 8:00 a.m. Eastern Time.