SiteOne reports mixed third-quarter results and raises share-buyback authorization
+1 new source since this summary was written
SiteOne Landscape Supply reported third-quarter adjusted EPS of $1.46, below the $1.48 consensus, while GAAP EPS of $1.46 was reported as $0.06 above estimates. Revenue rose 3% year over year to $1.29 billion, but the company cited weak demand and weather-related delays; Organic Daily Sales declined 1%. Adjusted EBITDA increased 8% to $138.3 million, and SiteOne set fiscal 2026 Adjusted EBITDA guidance at $425 million to $440 million while expanding its share-repurchase authorization by $500 million.
Why it matters
The report combines weaker underlying demand with higher adjusted EBITDA and an unchanged fiscal 2026 Adjusted EBITDA range of $425 million to $440 million, giving investors updated operating and earnings benchmarks. The additional $500 million authorization increases SiteOne’s capacity for future share repurchases, alongside $62.2 million repurchased during the quarter.
Key facts
- 1SiteOne reported adjusted EPS of $1.46, which was $0.02 below the $1.48 consensus estimate. investing.com
- 2SiteOne reported GAAP EPS of $1.46, described as $0.06 above estimates. seekingalpha.com
- 3Revenue was $1.29 billion, up 3% from $1.26 billion in the prior-year period. investing.com
- 4Organic Daily Sales declined 1%, while Adjusted EBITDA rose 8% to $138.3 million and Adjusted EBITDA margin expanded 60 basis points. investing.com
- 5Fiscal 2026 Adjusted EBITDA guidance is $425 million to $440 million. investing.com
- 6SiteOne repurchased $62.2 million of shares and increased its share-repurchase authorization by $500 million. investing.com
Open questions
- The revenue comparison differs across materials: material 1 cites a $1.31 billion consensus estimate, while material 3 describes the $1.29 billion result as a $10 million miss.
- The EPS comparisons use different bases: material 1 discusses adjusted EPS, while material 3 discusses GAAP EPS.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.