SiteOne Landscape Supply Announces Third Quarter 2026 Earnings
SiteOne Landscape Supply reported Q3 2026 net sales of $1.29B, up 3% YoY. Gross profit rose 5% to $458.5M, with margins expanding 80 bps. Net income increased 8% to $63.9M. Adjusted EBITDA grew 8% to $138.3M. The company repurchased $62.2M in shares and acquired Patterson Nursery Sales. The board authorized a $500M increase to the share repurchase program. Management expects full-year Adjusted EBITDA to be in the range of $530M-$550M, citing market challenges and cost pressures.
How this was made
The 30-second read
Why it matters
The Q3 release provides fresh financial metrics and forward‑looking statements that can shift investor expectations for FY2026.
Market read
First‑time earnings disclosure with modest growth and a cautious outlook; likely to move the stock in the near term.
What to watch
Potential upside from the newly authorized $500M repurchase program and improved pricing power may offset short‑term earnings concerns.
Background
SiteOne Landscape Supply is the largest U.S. wholesale distributor of landscape products, listed on NYSE under SITE.
Ticker impact
SiteOne Landscape Supply reported Q3 2026 results with modest sales growth, higher gross margin and a $62.2M share repurchase, plus a $500M repurchase authorization increase.
downward pressure as investors digest weaker top‑line outlook and upcoming cost cuts
The press release is the first disclosure of the quarter's numbers; margin expansion is positive but the commentary on declining residential construction and upcoming restructuring suggests earnings may miss consensus, prompting a sell‑off.
Market effects
Highlights pressure on the landscape supply sector from a slowdown in residential construction, potentially affecting peers.
U.S. construction‑related suppliers may see modest valuation adjustments.
Limited to U.S. construction‑materials market; no broader macro impact.
Counterpoint
Margin expansion and a sizable share‑repurchase program could support the stock if investors focus on cash returns rather than top‑line slowdown.
Key entities
- companySiteOne Landscape Supply, Inc.
U.S. listed distributor of landscape supplies (NYSE: SITE).
