SiteOne Landscape Supply (NYSE:SITE) Issues Earnings Results

SiteOne Landscape Supply (NYSE:SITE) posted its earnings results on Wednesday. The industrial products company reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.22), FiscalAI reports. The firm 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 3.24% and a return on equity of 9.22%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company posted $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 Stock Down 8.8%

SITE stock traded down $9.11 during trading hours on Wednesday, hitting $94.36. The company’s stock had a trading volume of 1,636,992 shares, compared to its average volume of 770,585. The company has a market capitalization of $4.18 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. The stock has a 50 day moving average price of $107.80 and a two-hundred day moving average price of $127.54. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply has a 12 month low of $90.07 and a 12 month high of $168.56.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of analyst reports. Barclays decreased their price objective on SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. UBS Group reissued a “neutral” rating on shares of SiteOne Landscape Supply in a research note on Thursday, June 25th. Weiss Ratings downgraded SiteOne Landscape Supply from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. Robert W. Baird reduced 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. Finally, KeyCorp initiated coverage on SiteOne Landscape Supply in a research report on Monday, July 13th. They set an “overweight” rating and a $145.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $156.18.

Trending Headlines about SiteOne Landscape Supply

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

• Positive Sentiment: Second-quarter earnings increased to $3.14 per share from $2.86 a year earlier, while revenue rose 4.7% to $1.53 billion. SiteOne Landscape Q2 Earnings and Revenues Lag Estimates
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating, indicating that the analyst still sees substantial long-term upside despite lowering the price target to $155 from $160. SiteOne Landscape Price Target Update
• Neutral Sentiment: The company’s quarterly net margin was 3.24% and return on equity was 9.22%, providing context for profitability as investors assess the earnings miss and the company’s outlook. SiteOne Landscape Earnings Report
• Negative Sentiment: Adjusted earnings of $3.14 per share fell $0.22 short of the $3.36 consensus estimate. Revenue of $1.53 billion also missed expectations of $1.54 billion, raising concerns about demand, execution, or margin pressure. SiteOne Landscape Supply Announces Second Quarter 2026 Earnings
• Negative Sentiment: Baird’s price-target reduction from $160 to $155 adds to the cautious tone, even though the firm retained its positive rating. Benzinga Analyst Ratings

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director owned 11,829 shares of the company’s stock, valued at $1,361,872.77. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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

Several hedge funds have recently modified their holdings of the company. Amundi bought a new position in SiteOne Landscape Supply in the third quarter valued at approximately $59,763,000. AQR Capital Management LLC increased its holdings in shares of SiteOne Landscape Supply by 171.0% in the fourth quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company’s stock valued at $86,140,000 after purchasing an additional 436,376 shares during the last quarter. Southpoint Capital Advisors LP acquired a new stake in SiteOne Landscape Supply during the fourth quarter worth about $49,824,000. Millennium Management LLC grew its holdings in SiteOne Landscape Supply by 621.3% during the 4th quarter. Millennium Management LLC now owns 389,981 shares of the industrial products company’s stock worth $48,576,000 after acquiring an additional 335,916 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of SiteOne Landscape Supply by 791.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 351,041 shares of the industrial products company’s stock worth $45,214,000 after buying an additional 311,641 shares in the last quarter.

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.