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ROSWELL, Ga. - SiteOne Landscape Supply, Inc. (NYSE:SITE), a company with a market capitalization of $6.4 billion and annual revenue of $4.6 billion, announced Wednesday that Chief Financial Officer John Guthrie will retire at the end of 2025 after serving in the role since before the company’s 2016 IPO.
Eric Elema, currently Vice President of Finance and Corporate Controller, will succeed Guthrie as Executive Vice President and Chief Financial Officer effective January 1, 2026. Following the transition, Guthrie will remain with the company as a senior advisor to CEO Doug Black.
"John has played a pivotal role in the growth of SiteOne since its IPO in 2016, guiding the business through over a decade of exceptional performance," said Black in the press release.
Elema joined SiteOne in 2016 and has overseen the company’s accounting, finance, shared services and treasury functions. Before joining SiteOne, he spent more than 11 years in financial leadership positions at McKesson Corporation. Elema holds a finance degree from Michigan State University and is a Certified Public Accountant.
SiteOne Landscape Supply describes itself as the largest and only national full product line wholesale distributor of landscape supplies in the United States, with an established presence in Canada. The company primarily serves residential and commercial landscape professionals. For detailed analysis and additional insights about SiteOne’s financial health and market position, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, SiteOne Landscape Supply reported its Q2 2025 earnings, showing a slight miss in earnings per share expectations. The company posted an EPS of $2.86, which was below the anticipated $2.98. However, SiteOne did see an increase in net sales, which may have contributed to investor optimism. In a related development, Stifel raised its price target for SiteOne to $140 from $120, maintaining a Hold rating on the stock. This adjustment was driven by increased confidence in the company’s margin profile. Stifel analysts now estimate SiteOne’s FY25 EBITDA to be $416 million, up from a previous forecast of $401 million. These recent developments highlight the evolving financial landscape for SiteOne Landscape Supply.
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