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SiteOne(SITE) - 2025 Q3 - Quarterly Results
2024-10-30 10:02
Exhibit 99.1 October 30, 2024 SiteOne Landscape Supply Announces Third Quarter 2024 Earnings Third Quarter 2024 Highlights (Compared to Third Quarter 2023): · Net sales increased 6% to $1.21 billion · Organic Daily Sales decreased 1% · Gross profit increased 6% to $411.0 million; gross margin improved 10 basis points to 34.0% · SG&A as a percentage of Net sales increased 170 basis points to 28.9% · Net income attributable to SiteOne decreased $12.9 million to $44.4 million · Adjusted EBITDA decreased 4% to ...
SiteOne(SITE) - 2025 Q3 - Quarterly Report
2024-10-30 10:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ FORM 10-Q __________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From __________ to ___________ Commission file number: 001-37760 SiteOne Landscape Supply, Inc. (E ...
Analysts Estimate SiteOne Landscape (SITE) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-23 15:07
Wall Street expects a year-over-year decline in earnings on higher revenues when SiteOne Landscape (SITE) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better ...
SITE Centers: Curbline Properties IPO Prices In Line With Valuations
Seeking Alpha· 2024-10-01 15:47
I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea. Analyst's ...
SITE Centers Disposes Shopping Centers for $714M, Acquires for $111M
ZACKS· 2024-09-18 18:01
SITE Centers Corp. (SITC) has provided an update on its transaction and financing activities in the third quarter of 2024 through Sept. 17, 2024. It also issued an updated projected SITE Centers and Curbline Properties balance sheet information. In a recent update, SITE centers disclosed that from the beginning of the third quarter of 2024 through Sept. 17, 2024, it has sold 13 wholly-owned shopping centers for $714.3 million. This retail REIT also purchased six convenience properties for a gross price of $ ...
SITE Centers Disposes of 11 Shopping Centers and Acquires 4
ZACKS· 2024-09-02 16:26
In a recent update, SITE Centers Corp. (SITC) has announced that from the beginning of the third quarter of 2024 through Aug. 29, 2024, it has sold 11 wholly-owned shopping centers for $552.7 million. This retail REIT also purchased four convenience properties for a gross price of $88 million. This included Crocker Commons in Cleveland, OH; Maple Corner in Nashville, TN; Village Plaza in Houston, TX; and Brookhaven Station in Atlanta, GA. As previously announced, the company has successfully closed and fund ...
SiteOne Landscape (SITE) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-31 12:10
SiteOne Landscape (SITE) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.20%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.43, delivering a surprise of -59.26%. Over the last four quarters, the company ...
SiteOne(SITE) - 2025 Q2 - Quarterly Results
2024-07-31 10:02
Exhibit 99.1 SiteOne Landscape Supply Announces Second Quarter 2024 Earnings Second Quarter 2024 Highlights (Compared to Second Quarter 2023): · Closed one acquisition: Millican Nurseries · Refinanced and extended the maturity of term loan "In early June, we communicated that our Organic Daily Sales for the second quarter were trending down 4% to 5% reflecting softer end market demand and continued price deflation. Given that trend, we were pleased to see conditions improve in June and achieve an Organic Da ...
SiteOne(SITE) - 2025 Q2 - Quarterly Report
2024-07-31 10:00
Non-controlling interest represents the portion of profit or loss, net assets, and comprehensive income or loss that is not allocable to the Company. A non-controlling interest that contains an option requiring the Company to purchase such ownership interest for cash is considered to be a redeemable non-controlling interest as the redemption feature is not deemed to be a freestanding financial instrument and the redemption is not solely within the Company's control. The put and call options embedded in the ...
Earnings Preview: SiteOne Landscape (SITE) Q2 Earnings Expected to Decline
ZACKS· 2024-07-24 15:07
Core Insights - The upcoming earnings report for SiteOne Landscape is expected to show a year-over-year decline in earnings despite an increase in revenues, which could significantly impact stock price depending on actual results compared to estimates [4][7]. Earnings Estimates - The consensus EPS estimate for SiteOne Landscape is projected at $2.50 per share, reflecting a year-over-year decrease of 7.8% [8]. - Revenues are anticipated to reach $1.38 billion, representing a 2% increase from the same quarter last year [5]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised down by 2.42%, indicating a reassessment by analysts [2]. - The Most Accurate Estimate for SiteOne Landscape is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.41%, suggesting a more optimistic outlook from analysts [18]. Historical Performance - In the last four quarters, SiteOne Landscape has beaten consensus EPS estimates twice [11]. - The company had a significant negative surprise in the last reported quarter, where it was expected to post a loss of $0.27 per share but actually reported a loss of $0.43, resulting in a surprise of -59.26% [20]. Investment Considerations - Despite the positive Earnings ESP, SiteOne Landscape does not appear to be a compelling earnings-beat candidate, and investors should consider other factors before making investment decisions [22].