SiteOne Q3 EPS $1.46; Board Adds $500M to Buyback, Total Authorization ~$538M
SITE sits 23% above its 52-week low of $82.
Summary
SiteOne's Q3 10-Q confirms the $1.46 EPS and $63.9M of net income already reported this morning, and discloses a new $500.0 million buyback increase plus gross debt up $91.0 million to $480.4 million.
Key Events · Earnings and Guidance · SITE
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Q3 EPS $1.46, Net Income $63.9M
Net sales rose 3% to $1,291.1 million, and net income attributable to SiteOne rose to $63.9 million from $59.1 million, with gross margin up 80 basis points to 35.5%.
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Buyback Raised by $500M
On October 26, 2026, the board authorized a $500.0 million increase, bringing the program to approximately $538.3 million, including $38.3 million left under the prior authorization.
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Debt Up $91M, Cash Down
Gross long-term debt rose to $480.4 million from $389.4 million at December 28, 2025, including $89.1 million drawn on the ABL facility, while cash fell to $88.4 million from $190.6 million.
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Organic Sales Still Negative
Organic Daily Sales fell 1% in the quarter on lower volume and delayed fall applications, offset by roughly 4% price; management expects continued pressure on sales and net income.
Analysis · SITE · Trade & Services
The headline numbers are not new: third-quarter results were already out this morning, with EPS of $1.46 on $1.29B of sales and net income up to $63.9M from $59.1M a year ago as gross margin expanded 80 basis points to 35.5%. What the 10-Q adds is the balance sheet behind those results and a much larger capital-return commitment. On October 26, 2026, the board raised the repurchase authorization by $500.0 million, taking the total to roughly $538.3 million after $175.9 million of buybacks in the first nine months at an average of $110.10 a share. That is a real floor under the stock, but it is being funded alongside a $91.0 million increase in gross debt to $480.4 million and $85.5 million of acquisitions, while organic daily sales fell 1% and management expects continued pressure on sales and net income. Cash fell to $88.4 million from $190.6 million.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, 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 filing was assessed with neutral market sentiment and an importance score of 7 out of 10.