Q2 26 EPS
$3.14
MISS 6.55%
Est. $3.36
Q2 26 Revenue
$1.53B
MISS 0.67%
Est. $1.54B
vs S&P Since Q2 26
-14.2%
TRAILING MARKET
SITE -8.3% vs S&P +5.9%
Market Reaction
Did SITE Beat Earnings? Q2 2026 Results
SiteOne Landscape Supply fell short of Wall Street expectations in its second quarter of 2026, posting earnings per share of $3.14 against a consensus estimate of $3.36, a miss of 6.55%, while revenue of $1.53 billion came in just below the $1.54 bil… Read more SiteOne Landscape Supply fell short of Wall Street expectations in its second quarter of 2026, posting earnings per share of $3.14 against a consensus estimate of $3.36, a miss of 6.55%, while revenue of $1.53 billion came in just below the $1.54 billion analysts had anticipated, rising 4.7% year over year. The primary drag on results was soft end-market demand, with new residential construction estimated down in the high-single digits and repair and upgrade activity declining in the mid-single digits, headwinds that limited organic daily sales growth to just 1% despite a 3% pricing tailwind. Gross margin improved 50 basis points to 36.9%, and net income attributable to SiteOne grew 8% to $139.30 million, offering some cushion against the revenue shortfall. The quarter's weakness was not entirely unexpected, as the stock had already pulled back roughly 11.7% in the month leading up to the report. Management held its full-year 2026 Adjusted EBITDA guidance steady at $425 million to $455 million, projecting flat to 1% organic daily sales growth for the year while continuing to pursue an active acquisition pipeline.
Key Takeaways
- • Price inflation of 3% in response to rising costs
- • Commercial initiatives driving higher price realization
- • Acquisitions contributed $49.2 million or 3% to net sales growth
- • Gross margin expanded 50 basis points to 36.9%
- • Operational improvements and cost control
- • Organic Daily Sales increased 1%
SITE Forward Guidance & Outlook
Management maintained full-year 2026 Adjusted EBITDA guidance of $425 million to $455 million, including the negative impact of a 53rd week expected to reduce Adjusted EBITDA by approximately $4-5 million. End markets remain challenging with new residential construction estimated down high-single digits and repair & upgrade down mid-single digits, partially offset by modest maintenance growth and flat new commercial construction. Pricing was up 3% in Q2 and is expected to continue through year-end. Organic Daily Sales growth is expected to be flat to up 1% for the full year. Gross margin expansion is anticipated through continued price realization and commercial initiatives, while SG&A as a percentage of net sales is expected to be approximately flat. The company expects to continue expanding Adjusted EBITDA margin in 2026 including acquisition contributions. Guidance does not include contributions from unannounced acquisitions.
SITE YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We delivered a solid second quarter performance with 5% growth in Net sales and Adjusted EBITDA despite softer end markets. Our teams executed well throughout the quarter, managing through the market challenges, delivering value to our customers and suppliers, achieving operational improvements, and managing our spending to the reduced demand. Additionally, our acquisitions, led by Reinders, continue to perform well while our pipeline of additional deals remains active. We repurchased nearly $104 million of shares during the quarter and in July, reflecting the strength of our balance sheet, our belief in the business, and our commitment to shareholder returns. While market conditions remain challenging, we are confident in our 2026 outlook and our ability to continue executing our strategy to drive sustainable long-term performance and growth.”
— Doug Black, Q2 2026 Earnings Press Release
SITE Earnings Trends
SITE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SITE EPS Trend
Earnings per share: estimate vs actual
SITE Revenue Trend
Quarterly revenue: estimate vs actual
SITE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $3.36 | $3.14 | -6.55% | $1.53B | -0.67% |
| Q1 26 MISS | $-0.30 | $-0.60 | -99.14% | $940.1M | -4.29% |
| Q4 25 MISS FY | $-0.18 | $-0.20 | -9.17% | $1.05B | -0.74% |
| FY Full Year | — | $3.37 | — | $4.70B | — |
| Q3 25 BEAT | $1.29 | $1.31 | +1.76% | $1.26B | +0.07% |
| Q2 25 MISS | $2.93 | $2.86 | -2.45% | $1.46B | -0.44% |