Earnings Releases·Oct 28, 2026, 6:02 AM ET

SiteOne Landscape Supply — Third Quarter 2026 Earnings Summary

Net sales rose 3% year-over-year to $1,291.1 million, while organic daily sales declined 1% due to volume softness and weather; net income and adjusted EBITDA both grew 8% to $63.9 million and $138.3 million respectively, with gross margin expanding 80 basis points to 35.5%.
Full-year 2026 organic daily sales guidance is flat to down 1% and adjusted EBITDA is projected between $425 million and $440 million, impacted by a 53rd week in December, high interest rates, and a planned Q4 workforce reduction incurring a $6 million to $8 million charge.
The company repurchased $62.2 million of shares during the quarter and subsequently authorized a $500.0 million increase to its share repurchase program, bringing total authorization to approximately $538.3 million with no expiration date.
Strategic focus includes branch consolidation, continued acquisition activity (including Patterson Nursery Sales), and price realization of 4% in Q3, though SG&A as a percentage of sales is expected to rise for the full year due to higher fuel and healthcare costs.