SiteOne Landscape Supply Q3 2026: Misses on Both Lines, Adds $500M Buyback
As seen on the 24/7 Wall St. homepage on October 28, 2026.
The board just added $500 million to the buyback authorization, lifting total capacity to roughly $538.3 million against a $4.5 billion market cap. EPS and revenue both came in missing expectations, with organic daily sales down 1% on hot, dry weather delaying the fall season.
Continue ReadingShow less
SiteOne Landscape Supply posted Q3 2026 GAAP EPS of $1.46, missing expectations on both earnings and revenue. That reinforces a pattern of softening organic demand that has weighed on the stock.
Hot, dry conditions in August and September delayed the fall planting season across key markets, pushing organic daily sales down 1% for the quarter. Acquisitions, including Patterson Nursery Sales, carried net sales growth while underlying volume pressure persisted.
Adjusted EBITDA rose 8% to $138.3 million even with lower volume, as disciplined cost control and 4% pricing gains held margins up. Management expects pricing to hold through year-end.
Sponsored
The company added $500 million to its share repurchase authorization, with CEO Doug Black framing the expansion as confidence in long-term value creation. Buybacks are balanced against continued investment in organic growth and acquisitions.
Management guided full-year 2026 Adjusted EBITDA to $425 million to $440 million, with organic daily sales flat to down 1%. October organic daily sales are already running positive, though Q4 absorbs restructuring charges tied to workforce reductions and branch consolidations.
Mentioned: SITE