SiteOne Landscape Supply Q2 2025 Earnings Highlights

By Bobby Samwell • Wednesday, July 30 12:11 • Permanent Link

SiteOne Landscape Supply, Inc. has announced its second-quarter 2025 earnings, revealing various significant changes compared to the same period in 2024.

Net sales increased by 3% to $1,461.6 million, with organic daily sales remaining flat. Gross profit rose by 4% to $531.4 million, and the gross margin improved by 30 basis points to 36.4%. Furthermore, SG&A as a percentage of net sales decreased by 40 basis points to 23.9%.

Net income attributable to SiteOne increased by 7% to $129.0 million, while adjusted EBITDA rose by 8% to $226.7 million, with the adjusted EBITDA margin improving by 60 basis points to 15.5%.

On the downside, cash provided by operating activities decreased by $10.7 million to $136.7 million.

The company also completed the acquisitions of Green Trade Nursery, Grove Nursery, and Nashville Nursery during the second quarter of 2025.

Looking ahead, SiteOne's Chairman and CEO, Doug Black, expressed confidence in the company's ability to navigate market headwinds. He noted that despite softer end markets, the company is expected to benefit from positive price inflation and the execution of its initiatives. Black also highlighted the completion of four acquisitions year-to-date and the expectation of further acquisitions throughout the remainder of the year.

In terms of outlook, SiteOne anticipates the demand in new residential construction and repair and upgrade to remain soft due to economic uncertainty and other factors, while the maintenance end market is expected to grow modestly. The company also expects to see low single-digit organic daily sales growth for the remainder of the year.

For the full year 2025, SiteOne expects its adjusted EBITDA to be in the range of $400 million to $430 million, excluding any contributions from unannounced acquisitions.

These results and future expectations showcase SiteOne's ability to adapt and grow in challenging economic conditions, with a focus on delivering superior value to customers and shareholders through organic and acquisition growth, as well as adjusted EBITDA margin expansion. As a result of these announcements, the company's shares have moved -1.85% on the market, and are now trading at a price of $128.57. For the full picture, make sure to review SiteOne Landscape Supply's 8-K report.

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