Table of Contents 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. 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 October 1, 2023 | Tit ...

SiteOne Landscape Supply Inc. (NYSE:SITE) Q2 2023 Earnings Call Transcript August 2, 2023 8:00 AM ET Company Participants John Guthrie - Executive VP, CFO and Assistant Secretary Doug Black - Chairman of the Board and CEO Scott Salmon - Executive Vice President of Strategy & Development Conference Call Participants Ryan Merkel - William Blair David Manthey - Baird Damian Karas - UBS Mike Dahl - RBC Capital Markets Keith Hughes - Truist Joe Ahlersmeyer - Deutsche Bank Jeffrey Stevenson - Loop Capital Matthew ...

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 July 2, 2023 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. (Exact n ...

Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forw ard-looking statements may include, but are not limited to, statements relating to our 2022 Adjusted EBITDA outlook and our share repurchase program. Some of the forward-looking statements can be identified by the use of terms such as "may," "intend," "might," "w ill," "should," "could," "would," "expect," "believe," "estimate," "anticipate," "pr ...

SiteOne Landscape Supply, Inc. (NYSE:SITE) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants John Guthrie - Executive Vice President and Chief Financial Officer Doug Black - Chairman and Chief Executive Officer Scott Salmon - Executive Vice President, Strategy and Development Conference Call Participants David Manthey - Baird Ryan Merkel - William Blair Matthew Bouley - Barclays Keith Hughes - Truist Securities Jeff Stevenson - Loop Capital Markets Joe Ahlersmeyer - Deutsche Bank ...

Financial Performance - For the three months ended April 2, 2023, SiteOne achieved net sales growth of 4%, primarily due to contributions from acquisitions and price inflation, while organic daily sales decreased by 2%[118]. - Net sales increased by 4% to $837.4 million for the three months ended April 2, 2023, compared to $805.3 million for the same period in 2022, driven by acquisitions and price inflation[146]. - Organic Daily Sales decreased by 2% in Q1 2023, primarily due to unfavorable weather and moderating economic conditions, with price inflation contributing approximately 6% to Organic Daily Sales growth[146]. - Acquisitions contributed $56.5 million, or 7%, to the net sales growth for the first quarter of 2023[146]. - Gross profit increased by 7% to $287.1 million, with gross margin rising 90 basis points to 34.3% compared to 33.4% in Q1 2022, reflecting lower freight costs and contributions from higher-margin acquisitions[148]. - The company reported a net loss of $4.5 million in Q1 2023, compared to a net income of $32.3 million in Q1 2022[158]. - Adjusted EBITDA for Q1 2023 was $39.8 million, compared to $67.8 million in Q1 2022, reflecting a decrease of 41.3%[158]. Expenses and Margins - Selling, general and administrative expenses (SG&A) rose by 26% to $291.4 million, with SG&A as a percentage of net sales increasing by 620 basis points to 34.8%[149]. - Net loss for the three months ended April 2, 2023, was $(4.5) million, a decrease of $36.8 million compared to net income of $32.3 million for the same period in 2022, primarily due to higher SG&A expenses[152]. - Cost of goods sold increased by 3% to $550.3 million, attributed to acquisitions and product cost inflation[147]. Operational Changes - The company is transitioning its West distribution center operations from Colton, California (179,000 square feet) to Goodyear, Arizona (392,000 square feet), which commenced operations at the end of Q1 2023[119]. - SiteOne operates over 640 branch locations across 45 U.S. states and six Canadian provinces, offering more than 155,000 SKUs[117]. Market Outlook - The long-term outlook for the landscape supply industry remains strong, driven by favorable population trends, housing demand, and increased interest in outdoor living[119]. - The company is closely monitoring the impact of economic conditions and geopolitical factors, including the war in Ukraine, on its business operations[120]. - SiteOne has a robust acquisition pipeline and is committed to strategic initiatives to drive margin expansion[119]. Cash Flow and Debt - Net cash used in operating activities for the three months ended April 2, 2023, was $152.6 million, an increase from $118.3 million for the same period in 2022, primarily due to a decline in net income to a net loss and higher seasonal investment in working capital[170]. - Net cash used in investing activities was $39.6 million for the three months ended April 2, 2023, compared to $41.0 million for the same period in 2022, reflecting a small decline in acquisition investments[171]. - Net cash provided by financing activities was $203.4 million for the three months ended April 2, 2023, up from $150.6 million for the same period in 2022, primarily due to a seasonal increase in borrowings[172]. - Total cash and cash equivalents were $40.3 million as of April 2, 2023, with total gross long-term debt at $568.2 million[165]. Interest Rates and Financial Instruments - The interest rate on the outstanding balance of the New Term Loans was 7.15994% as of April 2, 2023[179]. - The ABL Facility provides for an asset-based credit facility of up to $600.0 million, with a maturity date of July 22, 2027[182]. - The interest rate on outstanding balances under the ABL Facility ranged from 6.07431% to 8.00000% as of April 2, 2023[184]. - The Company utilizes interest rate swap contracts to reduce exposure to fluctuations in variable interest rates for future interest payments on existing debt[193]. Accounting and Risk Management - Critical accounting estimates include inventory valuation, acquisitions, and goodwill, with no material changes reported since the last annual report[200]. - There have been no material changes in market risk disclosures from the previous annual report[204].

SiteOne Landscape Supply, Inc. (NYSE:SITE) Q4 2022 Earnings Conference Call February 15, 2023 8:00 AM ET Company Participants John Guthrie - Executive Vice President & Chief Financial Officer Doug Black - Chairman & Chief Executive Officer Scott Salmon - Executive Vice President, Strategy & Development Conference Call Participants David Manthey - Baird Ryan Merkel - William Blair Mike Dahl - RBC Capital Markets Matthew Bouley - Barclays Keith Hughes - Truist Securities Damian Karas - UBS Andrew Carter - Sti ...

| --- | --- | --- | --- | --- | --- | |--------|--------|--------|--------|--------|--------| | | | | | | | | | | | | | | | ~$550M | ~$230M | ~$100M | ~$190M | ~$155M | ~$240M | | 123 | 78 | 21 | 30 | 28 | 48 | ✓Purchasing synergies ✓ Our pipeline is deep and expanding Compelling and sustainable growth strategy Represents any gain or loss associated w ith the sale of assets and termination of finance leases not in the ordinary course of business. Represents any gain or loss associated w ith the sale of asse ...

SiteOne Landscape Supply, Inc. (NYSE:SITE) Q3 2022 Results Conference Call November 2, 2022 8:00 AM ET Company Participants John Guthrie - EVP and CFO Doug Black - Chairman and CEO Scott Salmon - EVP, Strategy and Development Conference Call Participants David Manthey - Baird Stephen Volkmann - Jefferies Matthew Bouley - Barclays Ryan Merkel - William Blair Mike Dahl - RBC Capital Markets Keith Hughes - Truist Jeff Stevenson - Loop Capital Andrew Carter - Stifel Operator Greetings, and welcome to the SiteOn ...

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