SiteOne Reports Mixed Q1 Results, Reaffirms FY26 Guidance, and Repurchases $20M in Shares
SITE sits 32% above its 52-week low of $108.115.
Summary
SiteOne Landscape Supply reported flat net sales and a slight improvement in net loss for Q1 2026, but achieved 14% Adjusted EBITDA growth and reaffirmed its full-year guidance. The company also repurchased $20 million in shares.
Key Events · Earnings and Guidance · SITE
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Q1 2026 Financial Performance
Net sales were flat at $940.1 million, with organic daily sales decreasing 1%. Net loss slightly improved to $26.6 million compared to $27.3 million in the prior year.
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Strong Profitability Growth
Gross profit increased 3% to $318.8 million, with gross margin improving 90 basis points to 33.9%. Adjusted EBITDA grew 14% to $25.5 million, with a 30 basis point margin improvement.
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Full-Year Guidance Reaffirmed
The company reiterated its fiscal year 2026 Adjusted EBITDA guidance in the range of $425 million to $455 million, despite expecting modestly lower overall end market demand.
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Share Repurchase Program
SiteOne repurchased $20.0 million of shares during the quarter under its existing authorization.
Analysis · SITE · Trade & Services
This 8-K, filed concurrently with the Q1 2026 10-Q, provides detailed operational results and a reaffirmed outlook. While net sales were flat and organic daily sales declined 1% due to unfavorable weather, the company demonstrated strong operational execution by increasing gross profit by 3% and Adjusted EBITDA by 14%, with corresponding margin improvements. The reaffirmation of the full-year Adjusted EBITDA guidance of $425 million to $455 million provides stability amidst macroeconomic uncertainty. The $20 million share repurchase signals management's confidence in the company's valuation. Investors should monitor the company's ability to achieve its sales volume and margin expansion targets in a challenging end market.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SITE was trading at $142.94 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $108.12 to $168.56. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.