SiteOne Landscape Supply, Inc.: Initiation Of Coverage – Strategic Acquisitions & 3 Other Fundamental Aspects Fueling Its Growth!

SiteOne Landscape Supply reported mixed results for its second quarter of 2024, showcasing a combination of
slight setbacks in organic sales growth against strategic gains through acquisitions and operational
enhancements. The company, which is a leading wholesale distributor of landscaping products, is dealing with a
softer demand landscape influenced by a tepid repair and upgrade market and noticeable commodity price
deflation in specific segments such as grass seed and PVC pipe. The management anticipates these trends to
persist throughout the year, which they expect will impact organic sales growth and adjusted EBITDA margin
negatively.