SiteOne Posts 3Q EPS of $1.46
SITE sits 23% above its 52-week low of $82.
Summary
SiteOne reported third-quarter EPS of $1.46, with net income of $63.9M on sales of $1.29B, below the IBES estimate of USD 1,304 million. Organic daily sales decreased 1%, as hot and dry weather in August and September delayed the fall season, while pricing was up 4% and is expected to continue through the remainder of the year. Adjusted EBITDA rose 8%, and the buyback authorization was raised by $500M. Context: the company guided FY2026 adjusted EBITDA to $425–$455M in early August, and the CEO bought stock twice on the open market in August ($816,280 and $480,650), a show of confidence ahead of this print. With a roughly $4.5B market cap, the quarterly result is the main swing factor for the stock.
At the time of this announcement, SITE was trading at $101.01 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $82.00 to $168.56. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.