SiteOne Landscape Supply, Inc. has announced its fourth quarter and full year 2025 earnings, revealing several key highlights.
In the fourth quarter of 2025, net sales increased by 3% to $1.05 billion, with organic daily sales also rising by 2%. Gross profit saw a 6% increase to $356.8 million, and the gross margin improved by 80 basis points to 34.1%. Additionally, adjusted EBITDA increased by 18% to $37.6 million, while cash provided by operating activities rose by $45.4 million to reach $164.8 million.
For the full year 2025, net sales increased by 4% to $4.70 billion, with organic daily sales rising by 1%. Gross profit saw a 5% increase to $1.64 billion, and the gross margin improved by 40 basis points to 34.8%. Adjusted EBITDA for the full year increased by 10% to $414.2 million, while cash provided by operating activities increased by $17.1 million to reach $300.5 million.
The company repurchased $40.0 million of shares under the share repurchase authorization during the fourth quarter of 2025 and $97.7 million of shares during the full year. It also closed three acquisitions in the fourth quarter and eight acquisitions during the full year.
Net debt to adjusted EBITDA at year-end was 0.8 times, compared to 1.1 times at year-end 2024. Cash and cash equivalents as of December 28, 2025, were $190.6 million, with available capacity under the ABL facility at $577.8 million.
Looking ahead to 2026, the company expects to achieve positive sales volume growth, yielding low single-digit organic daily sales growth for the full year. It also anticipates increasing its gross margin through increased price realization and strong growth with private label products and small customers. Additionally, it expects to achieve continued SG&A leverage through operational initiatives, including focus branch improvements and delivery cost reduction.
SiteOne anticipates its adjusted EBITDA for fiscal year 2026 to be in the range of $425 million to $455 million, with this guidance not including any contributions from unannounced acquisitions. The company also noted that its results in fiscal year 2026 will include an extra week compared to the prior year period, which is expected to reduce adjusted EBITDA for the year by approximately $4 million to $5 million.
Today the company's shares have moved -1.52% to a price of $147.53. If you want to know more, read the company's complete 8-K report here.
