SiteOne Landscape Supply

SITE Q3 2025 Earnings

Reported Oct 29, 2025 at 6:01 AM ET · SEC Source

Q3 25 EPS

$1.31

BEAT +1.76%

Est. $1.29

Q3 25 Revenue

$1.26B

BEAT +0.07%

Est. $1.26B

vs S&P Since Q3 25

-23.0%

TRAILING MARKET

SITE -16.4% vs S&P +6.7%

Market Reaction

Did SITE Beat Earnings? Q3 2025 Results

SiteOne Landscape Supply delivered a modest but clean beat in Q3 2025, with earnings per share of $1.31 edging past the $1.29 consensus by 1.76% and revenue of $1.26 billion landing fractionally ahead of expectations on 4.1% year-over-year growth. Th… Read more SiteOne Landscape Supply delivered a modest but clean beat in Q3 2025, with earnings per share of $1.31 edging past the $1.29 consensus by 1.76% and revenue of $1.26 billion landing fractionally ahead of expectations on 4.1% year-over-year growth. The headline driver was disciplined margin execution, as gross margin expanded 70 basis points to 34.7% while SG&A leverage improved 50 basis points to 28.4%, a combination that powered a 33% jump in net income to $59.10 million and an 11% rise in Adjusted EBITDA to $127.50 million. Organic daily sales growth of 3% held firm across nearly all product lines and regions despite persistent softness in new residential construction and repair and upgrade end markets. The company also completed three acquisitions during the quarter, keeping its growth-by-acquisition strategy on track. William Blair downgraded the stock around the time of the report, a note of caution that management may need to address as it guides for full-year 2025 Adjusted EBITDA of $405 million to $415 million, a range that absorbs an anticipated $4 million to $6 million charge tied to planned branch consolidations in Q4.

Key Takeaways

  • Organic Daily Sales growth of 3% with all product lines and nearly all regions contributing positively
  • Pricing up 1% reflecting strong execution and operating discipline
  • Gross margin improved 70 basis points to 34.7% due to improved price realization and commercial initiatives
  • SG&A as a percentage of net sales decreased 50 basis points to 28.4% through productivity improvements and cost alignment
  • Acquisitions contributed $12.5 million or 1% to net sales growth
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SITE YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“We are pleased to report another quarter of strong operational performance, delivering double-digit year-over-year Adjusted EBITDA growth and meaningful operating leverage despite challenging end markets. Our strong teams continued to leverage our capabilities to gain market share resulting in Organic Daily Sales growth of 3%, with all product lines and nearly all regions contributing positively. Pricing was up 1% in the third quarter reflecting strong execution and operating discipline, as we more than offset commodity headwinds and drove gross margin expansion through our strategic initiatives. We also completed six acquisitions year-to-date which expand our capabilities to serve our customers in those local markets.”

— Doug Black, Q3 2025 Earnings Press Release