Description

SiteOne Landscape Supply: The 14% EBITDA Jump Despite Flat Sales Is The Real Story!

SiteOne Landscape Supply reported first quarter 2026 results that reflected a challenging operating environment influenced by weather-related disruptions and broader macroeconomic uncertainty. Net sales for the quarter were $940 million, essentially flat year-over-year with organic daily sales declining 1%, attributable primarily to a 4% drop in volume partially offset by a 3% increase in pricing. The delayed start to the spring selling season due to winter storms notably impacted sales volume, particularly in the Eastern U.S., while the Central region experienced double-digit organic sales growth. Sales were down in five of the company’s eight geographic regions. Product categories benefited unevenly; agronomic products posted a 2% rise in organic daily sales due to pricing, while landscaping products saw a 3% decline reflecting soft demand in new residential construction and repair and upgrade markets. Gross profit increased 3% with gross margin expanding 90 basis points to 33.