SiteOne Landscape Supply posts Q3 2026 earnings and raises share repurchase authorization by $500 million
SiteOne Landscape Supply reported third‑quarter 2026 net sales of $1.291 billion, up 3% year over year, and adjusted EBITDA of $138.3 million, an 8% increase. Net income rose 8% to $63.9 million, or $1.46 per diluted share. The board approved an additional $500 million share‑repurchase authorization, bringing total authorized repurchases to about $538.3 million. Management also noted acquisitions contributed $39.7 million to sales growth and announced workforce reductions in the fourth quarter.
Why it matters
The higher share‑repurchase authorization signals confidence in cash generation and may support the stock price. The earnings beat and margin expansion provide a positive outlook for the remainder of 2026, though guidance for full‑year adjusted EBITDA varies across releases.
Key facts
- 1Net sales increased 3% to $1,291.1 million. sec.gov
- 2Adjusted EBITDA increased 8% to $138.3 million. sec.gov
- 3Net income attributable to SiteOne increased 8% to $63.9 million. sec.gov
- 4Diluted earnings per share were $1.46. tradingview.com
- 5The board authorized a $500 million increase to the share‑repurchase program, raising total authorization to approximately $538.3 million. sec.gov
- 6Acquisitions contributed $39.7 million to net‑sales growth. tradingview.com
Open questions
- Full‑year 2026 Adjusted EBITDA guidance ranges $530 million‑$550 million versus $425 million‑$440 million.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.