SiteOne Landscape Supply (NYSE:SITE) Announces Quarterly Earnings Results

SiteOne Landscape Supply (NYSE:SITE) issued its earnings results on Wednesday. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22), FiscalAI reports. The business 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%. SiteOne Landscape Supply’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 Performance

SITE stock traded down $10.26 during midday trading on Wednesday, hitting $93.21. 1,566,859 shares of the company traded hands, compared to its average volume of 770,071. SiteOne Landscape Supply has a twelve month low of $90.07 and a twelve month high of $168.56. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. The business has a 50 day simple moving average of $107.80 and a 200-day simple moving average of $127.54.

Insider Activity

In related news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the transaction, the director directly owned 11,267 shares in the company, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Man Group plc boosted its stake in SiteOne Landscape Supply by 0.4% during the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after purchasing an additional 86 shares during the period. NewEdge Advisors LLC increased its position in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares during the period. Xponance LLC lifted its holdings in shares of SiteOne Landscape Supply by 3.3% during the fourth quarter. Xponance LLC now owns 3,800 shares of the industrial products company’s stock worth $473,000 after buying an additional 121 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of SiteOne Landscape Supply by 0.4% during the third quarter. Invesco Ltd. now owns 38,881 shares of the industrial products company’s stock worth $5,008,000 after buying an additional 145 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of SiteOne Landscape Supply by 15.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,139 shares of the industrial products company’s stock valued at $142,000 after acquiring an additional 149 shares during the period.

Analyst Upgrades and Downgrades

SITE has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, April 30th. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Bank of America lowered their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, UBS Group reiterated a “neutral” rating on shares of SiteOne Landscape Supply in a research note on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average price target of $156.18.

SiteOne Landscape Supply News Summary

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

SiteOne Landscape Supply Company Profile

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.