SiteOne Landscape Supply (SITE) Q3 2026 Earnings
How Did SITE Stock React to Q3 2026 Earnings?
Did SITE Beat Earnings? Q3 2026 Results
No. SiteOne Landscape Supply reported Q3 2026 earnings of $1.46 a share on Oct 28, 2026, missing the $1.48 consensus estimate by 1.3%. Revenue was $1.3B against a $1.3B estimate.
SiteOne Landscape Supply came up short on both top and bottom lines in Q3 2026, delivering results that reflected the strain of sluggish organic demand across its end markets. The landscape distribution company posted GAAP EPS of $1.46, missing the $1.48 consensus by 1.28%, while revenue of $1.29 billion grew 2.6% year over year but fell 1.02% below the $1.30 billion analysts had expected. The shortfall was largely explained by a 1% decline in Organic Daily Sales, as weak end-market demand and hot, dry weather that delayed fall applications weighed on volume, with acquisition contributions, including the addition of Patterson Nursery Sales, providing the only meaningful lift to net sales. Bright spots emerged in profitability, as gross margin expanded 80 basis points to 35.5% and Adjusted EBITDA rose 8% to $138.30 million. Looking ahead, management guided full-year 2026 Adjusted EBITDA to $425 million to $440 million, even as it plans $6 million to $8 million in Q4 restructuring charges and expects full-year Organic Daily Sales to land flat to down 1%.
- Strong price realization including fuel surcharges driving 80 basis points of gross margin expansion
- Acquisitions contributed $39.7 million or 3% to net sales growth
- Disciplined cost control and operational initiatives partially offsetting lower volume
- Organic Daily Sales declined 1% due to soft end-market demand and delayed fall season from hot and dry weather
- Pricing was up 4% in the quarter
“We delivered a solid third quarter performance with 8% growth in Adjusted EBITDA and 60 basis points of Adjusted EBITDA margin expansion despite the continued softness in underlying market demand and a delayed fall season due to hot and dry weather in key markets. Our teams made good progress on our commercial and operational initiatives while maintaining disciplined cost control in the face of lower sales volume. We also completed one acquisition during the quarter and have a very active pipeline of potential deals. While we expect market conditions to be challenging in the near term, we remain focused on the opportunities within our control to gain market share, improve productivity, and strengthen our competitive position. These self-help opportunities combined with our acquisition strategy enable us to drive sustained performance and growth for our shareholders this year and in the years to come.”
SiteOne Landscape Supply CEO, on the earnings call
What Is SiteOne Landscape Supply's Outlook?
Management expects end-market softness to continue through the full year, with declines in new residential construction and repair/upgrade partially offset by resilient maintenance and new commercial construction. Pricing is expected to remain up approximately 4%. October is tracking approximately 2% positive Organic Daily Sales growth. Full-year Organic Daily Sales are expected flat to down 1%, including an approximately 80 basis point drag from the 53rd fiscal week. Gross margin expansion is expected to continue. SG&A as a percentage of net sales is expected to be up for the full year. The company plans workforce reductions and branch consolidations in Q4, incurring approximately $6-$8 million in charges to Adjusted EBITDA. Despite these charges and the 53rd week impact ($4-$5 million drag), the company expects slight Adjusted EBITDA margin expansion for 2026. Full-year 2026 Adjusted EBITDA guidance is $425 million to $440 million, excluding contributions from unannounced acquisitions.
SITE YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.3B | $1.3B | +2.6% |
| Gross Profit | $458.5M | $437.2M | +4.9% |
| Operating Income | $95.8M | $85.2M | +12.4% |
| Net Income | $63.9M | $59.1M | +8.1% |
When Does SiteOne Landscape Supply Report Next?
Figures from SEC filings and company reports. Not investment advice.