SiteOne Landscape Supply shares dip as Q2 results miss expectations

ROSWELL, Ga. - On Wednesday, SiteOne Landscape Supply, Inc. (NYSE:SITE) reported second quarter 2025 results that fell short of analyst expectations, despite showing year-over-year growth.

The company’s shares slipped 0.65% in after hours trading following the announcement.

The landscape supplies distributor posted adjusted earnings of $2.86 per share, missing the analyst consensus of $2.98. Revenue came in at $1.46 billion, below the $1.48 billion estimate, though it represented a 3% increase from the same period last year. Organic Daily Sales were flat compared to the second quarter of 2024, as growth in the maintenance segment was offset by softer demand in residential construction and repair markets.

Despite the miss, SiteOne improved its profitability metrics, with Adjusted EBITDA increasing 8% to $226.7 million and Adjusted EBITDA margin expanding by 60 basis points to 15.5%. Gross profit rose 4% to $531.4 million, while gross margin improved 30 basis points to 36.4%.

"We are pleased to report continued solid results in the second quarter with 3% Net sales growth and 8% growth in Adjusted EBITDA, despite softer end markets," said Doug Black, SiteOne’s Chairman and CEO. "We are executing our initiatives well, achieving excellent SG&A leverage, good gross margin improvement, and continuing to gain market share."

The company maintained its full-year 2025 Adjusted EBITDA guidance of $400 million to $430 million. Management expects end market demand in new residential construction and repair to remain soft for the remainder of the year, while anticipating modest growth in maintenance and flat demand in commercial construction.

SiteOne completed one acquisition during the quarter and two more after the quarter ended, continuing its growth-by-acquisition strategy. The company ended the period with a net debt to Adjusted EBITDA ratio of 1.3 times, unchanged from the prior year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.