SiteOne Landscape: Q3 Earnings Snapshot

SiteOne Landscape Supply reported Q3 results, with organic sales growth in the central region and California, but declines in Sun Belt markets. Agronomic product sales fell 1%, while landscaping product sales were flat. The company completed three acquisitions and repurchased 646,000 shares. SiteOne expects fiscal 2026 organic daily sales to be flat to down 1%, with adjusted EBITDA forecasted between $425M and $440M. The company plans cost-cutting measures to prepare for 2027.

Stifel increased its price target for SiteOne Landscape Supply (NYSE: SITE) to $102 from $94, citing strong margins and raised EBITDA estimates. The company's Q3 2026 earnings exceeded Stifel's EBITDA estimate by $10 million, with a 35% gross profit margin. Despite a Q3 earnings miss, revenue grew 3% year-over-year. Stifel maintains a Hold rating but notes potential upside due to undervaluation.

SiteOne Landscape Supply (SITE) reported a 3% increase in net sales and 8% growth in adjusted EBITDA for Q3 2026, with a 60 basis point margin expansion. The company expects FY 2026 adjusted EBITDA of $425M-$440M and plans a $6M-$8M restructuring charge.

SiteOne Landscape Supply reported Q3 2026 net sales growth of 3%, driven by acquisitions and price increases, offsetting a 5% organic volume decline. Adjusted EBITDA margin expanded by 60 basis points, with digital sales up over 45%. Management expects full-year adjusted EBITDA of $425M-$440M, excluding unannounced acquisitions. A Q4 restructuring plan includes workforce reductions and branch consolidations, with a $6M-$8M charge.

SiteOne (SITE) reported Q3 2026 net sales of $1.29B, up 3% YoY, with organic daily sales down 1%. Gross profit rose 5% to $459M, and adjusted EBITDA increased 8% to $138.3M. The company repurchased $62M in shares and plans to continue capital returns. SiteOne aims to grow through acquisitions and market share gains, targeting $2B in acquired revenue over the next decade. Management expects challenging market conditions but remains focused on long-term growth and shareholder value.

SiteOne Landscape Supply (NYSE:SITE) reported Q3 2026 earnings of $1.46 per share, below estimates of $1.48, and revenue of $1.29B, below expectations of $1.31B. The company cited weak demand and adverse weather for the shortfall, though adjusted EBITDA rose 8% to $138.3M. Full-year adjusted EBITDA guidance remains $425M-$440M. Shares were unchanged in after-hours trading.