Business Wire·Oct 28, 2026, 6:00 AM ET

SiteOne Landscape Supply Announces Third Quarter 2026 Earnings

SiteOne reported third quarter 2026 net sales of $1,291.1 million, a 3% increase from the prior year.
Organic Daily Sales decreased 1% due to soft market demand & delayed fall applications caused by hot, dry weather.
Gross profit rose 5% to $458.5 million, with gross margin expanding 80 basis points to 35.5%.
SG&A expenses increased to $368.7 million, representing 28.6% of net sales, up 20 basis points.
Net income attributable to SiteOne grew 8% to $63.9 million.
Adjusted EBITDA increased 8% to $138.3 million, with the margin improving 60 basis points to 10.7%.
Operating cash flow decreased $3.0 million to $125.6 million.
The company repurchased $62.2 million of shares & acquired Patterson Nursery Sales during the quarter.
The Board authorized a $500 million increase to the share repurchase program, raising total authorization to approximately $538.3 million.
Net debt stood at $522.6 million as of September 27, 2026, with a leverage ratio of 1.2 times.
Management expects full-year 2026 Organic Daily Sales to be flat to down 1%, impacted by a 53rd week & macroeconomic softness.
Full-year 2026 Adjusted EBITDA is projected to range between $425 million & $440 million.
The company plans workforce reductions & branch consolidation in Q4, incurring a non-cash charge of $6 million to $8 million.
Pricing increased 4% in the quarter, with similar increases expected through the remainder of the year.