SiteOne Landscape Supply Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −3.31%.
Did SITE Beat Earnings? Q4 2025 Results
SiteOne Landscape Supply delivered a mixed fourth quarter for fiscal 2025, falling short on both the top and bottom lines as the landscape distribution giant continues to navigate a challenging macro backdrop. The company posted a net loss of $0.20 per share against a consensus estimate of $0.18, a miss of roughly 9.17%, while revenue of $1.05 billion edged just below the $1.05 billion consensus by 0.74%, though it still represented 3.2% growth year over year. The most material bright spot was meaningful operating loss improvement, with the Q4 operating loss narrowing to $5.00 million from $24.90 million a year ago, aided by 80 basis points of gross margin expansion to 34.1% and better SG&A leverage. For the full year, Adjusted EBITDA climbed 10% to $414.20 million, and a surge of more than 120% in digital sales underscored the company's evolving go-to-market strategy. Looking ahead, management guided fiscal 2026 Adjusted EBITDA to a range of $425.00 million to $455.00 million, projecting low single-digit organic daily sales growth against an expected flat overall end-market demand environment.
- Improved pricing contributing to Organic Daily Sales growth of 2% in Q4
- Solid demand in the maintenance end market
- Gross margin improvement of 80 basis points to 34.1% driven by improved price realization and positive acquisition contributions
- SG&A leverage with 100 basis point decrease as a percentage of Net sales in Q4
- Lower one-time charges compared to prior-year period
- Acquisitions contributed $12.2 million to Q4 Net sales growth
“The fourth quarter marked a good close to a challenging year as we delivered positive Organic Daily Sales growth and continued adjusted EBITDA margin expansion despite a persistently unfavorable operating environment. We benefitted from positive pricing during the quarter, and we expect this to continue in 2026 as the effects of commodity deflation dissipate.”
SiteOne Landscape Supply CEO, on the earnings call
Forward Guidance & Outlook
For fiscal year 2026, SiteOne expects Adjusted EBITDA in the range of $425 million to $455 million, including an estimated $4-$5 million negative impact from a 53rd week. Management expects overall flat end-market demand with steady maintenance growth offsetting a decline in new residential construction, and flat demand in repair/upgrade and new commercial construction. Pricing is expected to increase 1% to 3%, resulting in low single-digit Organic Daily Sales growth. Gross margin improvement is anticipated through increased price realization and strong growth with private label products and small customers. SG&A leverage is expected to continue through operational initiatives including focus branch improvements and delivery cost reductions. The effective tax rate is expected to be between 25.0% and 26.0%, excluding discrete items.
SITE YoY Financials
Figures from SEC filings and company reports. Not investment advice.