SITE Q1 2026 Earnings
Reported Apr 29, 2026 at 6:01 AM ET · SEC Source
Q1 26 EPS
$-0.60
MISS 99.14%
Est. $-0.30
Q1 26 Revenue
$940.1M
MISS 4.29%
Est. $982.3M
vs S&P Since Q1 26
-10.6%
TRAILING MARKET
SITE -8.2% vs S&P +2.4%
Market Reaction
Did SITE Beat Earnings? Q1 2026 Results
SiteOne Landscape Supply delivered a sharply disappointing first quarter for fiscal 2026, posting a loss of $0.60 per diluted share against a consensus estimate of $3.36, a miss of 117.83%, while revenue of $940.10 million fell 39.20% short of the $1… Read more SiteOne Landscape Supply delivered a sharply disappointing first quarter for fiscal 2026, posting a loss of $0.60 per diluted share against a consensus estimate of $3.36, a miss of 117.83%, while revenue of $940.10 million fell 39.20% short of the $1.55 billion analysts had expected and declined 35.7% year over year. The headline figures, however, were clouded by the filing's acknowledgment that Q1 is seasonally the weakest period in the landscape supply calendar, and the underlying story was more nuanced; gross margin expanded 90 basis points to 33.9% and adjusted EBITDA grew 14% to $25.50 million, reflecting disciplined pricing and commercial execution even as volume softness tied to unfavorable regional weather weighed on organic sales. The quarter also included the completed acquisition of Reinders, a Midwest market leader, which contributed to acquisition-related SG&A pressure. Despite analyst upgrades citing SiteOne's improving financial outlook, shares fell sharply following the print. Management reaffirmed full-year 2026 adjusted EBITDA guidance of $425 million to $455 million, expecting low single-digit organic daily sales growth through commercial initiatives.
Key Takeaways
- • Gross margin improvement of 90 basis points to 33.9% driven by higher price realization and commercial initiatives
- • Adjusted EBITDA growth of 14% to $25.5 million
- • 3% pricing growth during the quarter
- • Acquisition contributions of $12.4 million to net sales
- • Flat Base Business SG&A on an adjusted basis
- • Unfavorable weather conditions across several regions reduced sales volumes
SITE Forward Guidance & Outlook
SiteOne expects overall prices in 2026 to increase 2% to 3% for the full year. Management believes overall end market demand will be down modestly for the full year 2026 due to increased macroeconomic uncertainty negatively affecting new residential construction and repair/upgrade end markets, though maintenance growth and new commercial construction demand remain solid. The company expects flat sales volume and low single-digit Organic Daily Sales growth for the full year through commercial initiatives. Gross margin is expected to expand through increased price realization and growth with private label products and small customers. SG&A leverage is expected through operational initiatives including focus branch improvements and delivery cost reduction. Including contributions from acquisitions, the company expects to continue expanding Adjusted EBITDA margin. Full year 2026 Adjusted EBITDA is expected to be in the range of $425 million to $455 million, including a negative $4 million to $5 million impact from the 53rd week in fiscal year 2026. Guidance does not include contributions from unannounced acquisitions.
SITE YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We are pleased with our first quarter performance as we more than offset the weather and market-related softness in sales volume and delivered Adjusted EBITDA growth with meaningful gross margin improvement and continued tight SG&A management. Our teams are executing our commercial and operational initiatives well, which is allowing us to gain market share and expand our Adjusted EBITDA margin. During the quarter, we were also very pleased to complete the acquisition of Reinders, a strong fifth-generation market leader in the Midwest, displaying the power of our acquisition strategy. Looking ahead, we remain confident in our ability to navigate the near-term challenges, deliver superior value to our customers and suppliers, and execute our strategy to drive sustained performance and growth for shareholders.”
— Doug Black, Q1 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
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |