Form 8-K
8-K — SiteOne Landscape Supply, Inc.
Accession: 0001104659-26-119300
Filed: 2026-10-28
Period: 2026-10-28
CIK: 0001650729
SIC: 5040 (WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — tm2628388d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2628388d1_ex99-1.htm)
GRAPHIC (tm2628388d1_8kimg001.jpg)
GRAPHIC (tm2628388d1_ex99-1img001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: tm2628388d1_8k.htm · Sequence: 1
false
0001650729
0001650729
2026-10-28
2026-10-28
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 28, 2026
SiteOne Landscape Supply, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
001-37760
46-4056061
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
300
Colonial Center Parkway, Suite 600
Roswell, Georgia
30076
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code:
(470) 277-7000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant
to Section 12(b) of the Act:
Title of
each class
Trading Symbol(s)
Name of each
exchange on which
registered
Common Stock, par value $0.01 per share
SITE
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and Financial Condition.
On
October 28, 2026, SiteOne Landscape Supply, Inc. issued a press release announcing its results of operations for the third quarter
ended September 27, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit
No. Description
99.1 Press Release dated
October 28, 2026
104 Cover Page Interactive
Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
SITEONE LANDSCAPE SUPPLY, INC.
By:
/s/ Travis Jackson
Travis Jackson
General Counsel & Secretary
Date:
October 28, 2026
EXHIBIT
INDEX TO CURRENT REPORT ON FORM 8-K
Dated October 28, 2026
99.1 Press Release dated October 28, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2628388d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
October 28, 2026
SiteOne Landscape Supply Announces Third
Quarter 2026 Earnings
Third Quarter 2026 Highlights (Compared
to Third Quarter 2025):
· Net sales increased 3% to $1,291.1 million
· Organic Daily Sales decreased 1%
· Gross profit increased 5% to $458.5 million; gross margin expanded 80 basis
points to 35.5%
· SG&A as a percentage of Net sales increased 20 basis points to 28.6%
· Net income attributable to SiteOne increased 8% to $63.9 million
· Adjusted EBITDA increased 8% to $138.3 million; Adjusted EBITDA margin improved
60 basis points to 10.7%
· Cash provided by operating activities decreased $3.0 million to $125.6 million
· Repurchased $62.2 million of shares under the share repurchase authorization
· Acquired Patterson Nursery Sales
Post Quarter Highlights
· Board of Directors authorized a $500 million increase to the share repurchase
program
ROSWELL, Ga. — (BUSINESS WIRE) —
SiteOne Landscape Supply, Inc. (the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its third quarter
ended September 27, 2026 (“Third Quarter 2026”).
“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,” said Doug Black, Chairman and
CEO of SiteOne. “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.”
Third Quarter 2026 Results
Net sales for the Third Quarter 2026 increased 3% to $1,291.1 million,
compared to $1,258.2 million for the prior year period. Organic Daily Sales decreased 1% compared to the prior year period, as lower sales
volume amid continued softness in underlying market demand and a delay in fall applications due to hot and dry weather conditions more
than offset higher price inflation. Acquisitions contributed $39.7 million, or 3%, to Net sales growth during the quarter.
Gross profit
increased 5% to $458.5 million for the Third Quarter 2026, compared to $437.2 million for the prior year period. Gross margin improved
80 basis points to 35.5%, driven primarily by strong price realization, including the impact of fuel surcharges, and continued benefits
from our commercial initiatives.
Selling, general
and administrative expenses (“SG&A”) for the Third Quarter 2026 increased to $368.7 million from $357.4 million for the
prior year period. SG&A as a percentage of Net sales increased 20 basis points to 28.6% due primarily to higher fuel and healthcare
cost as well as lower sales volume, partially offset by our operational initiatives and continued cost control.
Net income attributable to SiteOne for the Third Quarter 2026 increased
8% to $63.9 million compared to $59.1 million for the prior year period, reflecting gross margin expansion, partially offset by lower
sales volume and higher SG&A.
1
Adjusted EBITDA for the Third Quarter 2026 increased 8% to $138.3 million,
compared to $127.5 million for the prior year period. Adjusted EBITDA margin improved 60 basis points to 10.7%.
Net debt, calculated as long-term debt (net of issuance costs and discounts)
plus finance leases, net of Cash and cash equivalents on our balance sheet as of September 27, 2026, was $522.6 million compared to $422.5
million as of September 28, 2025. Net debt to Adjusted EBITDA for the last twelve months was 1.2 times, compared to 1.0 times for the
prior year period.
As of September 27, 2026, Cash and cash equivalents
were $88.4 million and available capacity under the ABL Facility was $478.0 million.
Share Repurchase Increased
Authorization Announcement
Subsequent to the end of the Third Quarter 2026, SiteOne’s Board
of Directors approved a $500.0 million increase to the Company’s existing share repurchase program, authorizing approximately $538.3 million in the aggregate for share repurchases, inclusive of approximately $38.3 million that remained available under the previously
approved $400.0 million share repurchase authorization. The updated share repurchase authorization does not have an expiration
date, and the timing and amount of any share repurchases will be at the discretion of management and subject to applicable laws.
“Given our strong balance sheet, cash flow generation, and confidence
in the long-term value we can create at SiteOne, we believe the $500 million increase in our share repurchase authorization enhances our
ability to create value for shareholders,” Doug Black continued. “We remain focused on disciplined capital allocation, balancing
opportunistic share repurchases with continued investment in organic growth and acquisitions to drive long-term growth and returns.”
Outlook
“Our end markets continue to be
challenging with declines in new residential construction and repair and upgrade more than offsetting the more resilient maintenance
and new commercial construction end markets,” Doug Black continued. “Pricing was up 4% in the quarter, and we expect
this to continue through the remainder of the year. Note that our third quarter sales were affected by hot and dry weather in August
and September which delayed the fall season. We are currently achieving positive Organic Daily Sales growth of approximately 2% in
October, which we expect to yield Organic Daily Sales of flat to up 1% for the four-month period of July through October. Given the
ongoing macroeconomic uncertainty, high interest rates, and inflation, we expect end-market softness to continue through the full
year and with the negative impact of the 53rd week, we expect full-year Organic Daily Sales to be flat to down
1%.
We expect to continue expanding Gross margin
through price realization and execution of our commercial initiatives. We expect SG&A as a percentage of Net sales to be up for the
full year as our operational initiatives partially offset the effect of lower sales volume, higher fuel and healthcare cost, and the
negative effect of the extra week in December. We are managing SG&A tightly and making the necessary changes to optimize our cost
structure. Accordingly, we plan to reduce our workforce and consolidate or close branches in the fourth quarter and incur a corresponding
charge to Adjusted EBITDA of approximately $6 million to $8 million. Despite this charge and the negative effect of the 53rd
week, we expect to expand Adjusted EBITDA margin slightly in 2026.”
As a reminder, in fiscal year 2026, the
53rd week occurs in December of our fiscal fourth quarter during a historically slower sales period and, as a result, is
expected to reduce full-year Organic Daily Sales growth by approximately 80 basis points and Adjusted EBITDA by approximately $4
million to $5 million.
With all these factors in mind, we expect
Adjusted EBITDA for fiscal year 2026 to be in the range of $425 million to $440 million. Our guidance does not include any contributions
from unannounced acquisitions.
Reconciliation for the forward-looking full
year 2026 Adjusted EBITDA outlook is not being provided, as the Company does not currently have sufficient data to accurately estimate
the variables and individual adjustments for such reconciliation.
2
Conference Call Information
SiteOne
management will host a conference call today, October 28, 2026, at 8:00 a.m. Eastern Time, to discuss the Company’s financial results.
The conference call can also be accessed by dialing 877-704-4453 (domestic) or 201-389-0920 (international), or by clicking on
this link for instant telephone access to the call. A telephonic replay will be available approximately two hours after the call
by dialing 844-512-2921, or for international callers, 412-317-6671. The passcode for the replay is 13762882. The replay will be available
until 11:59 p.m. (ET) on November 11, 2026.
Interested
investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the
Company's website at http://investors.siteone.com. The online replay will be available for 30 days on the same website
immediately following the call. A slide presentation highlighting the Company’s results and key performance indicators will also
be available on the Investor Relations section of the Company’s website.
To
learn more about SiteOne, please visit the company's website at http://investors.siteone.com.
About SiteOne Landscape Supply, Inc.
SiteOne Landscape Supply, Inc. (NYSE: SITE),
is the largest and only nationwide full product line wholesale distributor of landscape supplies in the United States and has an established
presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation
and maintenance of lawns, gardens, golf courses and other outdoor spaces.
Investor Relations Contact:
SiteOne Landscape Supply, Inc.
Investor Relations
470-277-7011
investors@siteone.com
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may
include, but are not limited to, statements relating to market conditions, our acquisition pipeline, organic and acquisition growth,
execution of commercial and operational initiatives, market share and competitive position, share repurchase program, workforce
reduction and branch consolidation, pricing, gross margin, SG&A, and 2026 outlook. Some of the forward-looking statements can be
identified by the use of terms such as “may,” “intend,” “might,” “will,”
“should,” “could,” “would,” “expect,” “believe,” “estimate,”
“anticipate,” “predict,” “project,” “potential,” or the negative of these terms, and
similar expressions. You should be aware that these forward-looking statements are subject to risks and uncertainties that are
beyond our control. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no
obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to
reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time that may cause
our business not to develop as we expect, and it is not possible for us to predict all of them. Factors that may cause actual
results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to, the
following: cyclicality in residential and commercial construction markets; general business, economic, and financial market
conditions, the level of new home sales and construction activity, geopolitical conflicts, trade disputes, inflationary pressures,
capital markets volatility, and declines in consumer confidence; severe weather and climate conditions; seasonality of our business
and its impact on demand for our products; volatility in the prices for the products we purchase and the costs required to operate
our business; laws and regulations governing our operations; hazardous materials and related materials; laws and government
regulations applicable to our business that could negatively impact demand for our products; competitive industry pressures; supply
chain disruptions (including as a result of geopolitical conflicts, the imposition of U.S. tariff policies or any changes affecting
tariffs resulting from the U.S. Supreme Court decision), product or labor shortages, and the loss of key suppliers; inventory
management risks; ability to implement our business strategies and achieve our growth objectives; acquisition and integration risks,
including increased competition for acquisitions; risks associated with our large labor force and our customers’ labor force,
as well as labor market disruptions; public perceptions that our products and services are not environmentally friendly or that our
practices are not sustainable; retention of key personnel; construction defect and product liability claims; impairment of goodwill;
inefficient or ineffective allocation of capital; credit sale risks; performance of individual branches; cybersecurity incidents
involving our systems or third-party systems; failure or malfunctions in our information technology systems; security of personal
information about our customers; intellectual property and other proprietary rights; unanticipated changes in our tax provisions,
including those resulting from the passage of the One Big Beautiful Bill Act; risks related to our current indebtedness, including
with respect to rising interest rates on our variable indebtedness, and our ability to obtain financing in the future; threats
from terrorism, violence, uncertain political conditions, and geopolitical conflicts with Iran as well as the ongoing conflict
between Russia and Ukraine and other disruptions in the Middle East; and other risks, as described in Item 1A, “Risk
Factors”, and elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025, as may be updated by
subsequent filings under the Securities Exchange Act of 1934, as amended, including Forms 10-Q and 8-K.
3
Non-GAAP Financial Information
This release includes certain financial information,
not prepared in accordance with U.S. GAAP. Because not all companies calculate non-GAAP financial information identically (or at all),
the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should
not be considered substitutes for the information contained in the historical financial information of the Company prepared in accordance
with U.S. GAAP that is set forth herein.
We present Adjusted EBITDA in order to
evaluate the operating performance and efficiency of our business. Adjusted EBITDA represents EBITDA as further adjusted for items permitted
under the covenants of our credit facilities. EBITDA represents Net income (loss) plus the sum of income tax expense (benefit), interest
expense, net of interest income, and depreciation and amortization. Adjusted EBITDA represents EBITDA as further adjusted for stock-based
compensation expense, (gain) loss on sale of assets and termination of finance leases not in the ordinary course of business, financing
fees, as well as other fees and expenses related to acquisitions, and other non-recurring (income) loss. Adjusted EBITDA includes Adjusted
EBITDA attributable to non-controlling interest. Adjusted EBITDA does not include pre-acquisition acquired Adjusted EBITDA. Adjusted EBITDA
is not a measure of our liquidity or financial performance under U.S. GAAP and should not be considered as an alternative to Net income,
operating income or any other performance measures derived in accordance with U.S. GAAP, or as an alternative to cash flow from operating
activities as a measure of our liquidity. The use of Adjusted EBITDA instead of Net income has limitations as an analytical tool. Because
not all companies use identical calculations, our presentation of Adjusted EBITDA may not be comparable to other similarly titled measures
of other companies, limiting its usefulness as a comparative measure. Net debt is defined as long-term debt (net of issuance costs and
discounts) plus finance leases, net of Cash and cash equivalents on our balance sheet. Leverage Ratio is defined as Net debt to
trailing twelve months Adjusted EBITDA. Free Cash Flow is defined as Cash Flow from Operating Activities, less capital expenditures. Base
Business is defined as SiteOne operations excluding acquired branches that have not been under our ownership for at least four full fiscal
quarters at the start of the fiscal year. We define Organic Daily Sales as Organic Sales divided by the number of Selling Days in the
relevant reporting period. We define Organic Sales as Net sales, including Net sales from newly-opened greenfield branches, but excluding
Net sales from acquired branches until they have been under our ownership for at least four full fiscal quarters at the start of the fiscal
year. Selling Days are the number of business days, excluding Saturdays, Sundays, and holidays, that SiteOne branches are open during
the relevant reporting period.
4
SiteOne Landscape Supply, Inc.
Consolidated Balance Sheets (Unaudited)
(In millions, except share and per share data)
Assets
September 27,
2026
December 28,
2025
Current assets:
Cash and cash equivalents
$ 88.4
$ 190.6
Accounts receivable, net of allowance for doubtful accounts of $36.4 and $33.3, respectively
601.3
546.8
Inventory, net
1,064.7
876.5
Income tax receivable
—
22.4
Prepaid expenses and other current assets
102.3
62.5
Total current assets
1,856.7
1,698.8
Property and equipment, net
312.3
295.4
Operating lease right-of-use assets, net
466.9
439.7
Goodwill
557.9
530.4
Intangible assets, net
210.7
220.0
Deferred tax assets
7.2
14.7
Other assets
20.9
20.6
Total assets
$ 3,432.6
$ 3,219.6
Liabilities, Redeemable Non-controlling Interest, and Stockholders' Equity
Current liabilities:
Accounts payable
$ 357.8
$ 310.8
Current portion of finance leases
35.5
33.2
Current portion of operating leases
102.0
97.3
Accrued compensation
88.2
104.6
Long-term debt, current portion
3.9
3.9
Income tax payable
14.7
—
Accrued liabilities
169.3
137.0
Total current liabilities
771.4
686.8
Other long-term liabilities
2.1
4.0
Finance leases, less current portion
100.0
101.6
Operating leases, less current portion
385.9
362.5
Deferred tax liabilities
5.7
—
Long-term debt, less current portion
471.6
381.5
Total liabilities
1,736.7
1,536.4
Commitments and contingencies
Redeemable non-controlling interest
—
24.0
Stockholders' equity:
Common stock, par value $0.01; 1,000,000,000 shares authorized; 46,016,565 and 45,895,384 shares issued, and 43,130,316 and 44,390,032 shares outstanding at September 27, 2026 and December 28, 2025, respectively
0.5
0.5
Additional paid-in capital
670.0
658.1
Retained earnings
1,368.3
1,191.7
Accumulated other comprehensive loss
(6.6 )
(4.9 )
Treasury stock, at cost, 2,886,249 and 1,505,352 shares at September 27, 2026 and December 28, 2025, respectively
(336.3 )
(186.2 )
Total stockholders' equity
1,695.9
1,659.2
Total liabilities, redeemable non-controlling interest, and stockholders' equity
$ 3,432.6
$ 3,219.6
5
SiteOne Landscape Supply, Inc.
Consolidated Statements of Operations (Unaudited)
(In millions, except share and per share data)
Three Months Ended
Nine Months Ended
September 27,
2026
September 28,
2025
September 27,
2026
September 28,
2025
Net sales
$ 1,291.1
$ 1,258.2
$ 3,761.9
$ 3,659.2
Cost of goods sold
832.6
821.0
2,420.1
2,380.8
Gross profit
458.5
437.2
1,341.8
1,278.4
Selling, general and administrative expenses
368.7
357.4
1,089.3
1,049.7
Other income
6.0
5.4
15.0
14.4
Operating income
95.8
85.2
267.5
243.1
Interest and other non-operating expenses, net
9.5
9.1
27.5
26.8
Income before taxes
86.3
76.1
240.0
216.3
Income tax expense
22.4
15.5
60.9
51.1
Net income
63.9
60.6
179.1
165.2
Less:
Net income attributable to non-controlling interest
—
0.4
0.9
1.4
Adjustment of non-controlling interest to redemption value
—
1.1
1.6
3.0
Net income attributable to SiteOne
$ 63.9
$ 59.1
$ 176.6
$ 160.8
Net income per common share:
Basic
$ 1.46
$ 1.32
$ 4.00
$ 3.58
Diluted
$ 1.46
$ 1.31
$ 3.98
$ 3.56
Weighted average number of common shares outstanding:
Basic
43,653,283
44,802,833
44,130,009
44,901,813
Diluted
43,817,122
45,035,242
44,323,092
45,174,654
6
SiteOne Landscape Supply, Inc.
Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 27,
2026
September 28,
2025
Cash Flows from Operating Activities:
Net income
$ 179.1
$ 165.2
Adjustments to reconcile Net income to net cash provided by operating activities:
Amortization of finance lease right-of-use assets and depreciation
62.6
60.5
Stock-based compensation
21.9
21.5
Amortization of software and intangible assets
44.2
45.6
Amortization of debt related costs
0.9
0.8
Loss on extinguishment of debt
0.1
—
Gain on sale of equipment
(2.9 )
(0.6 )
Deferred income taxes
—
0.5
Other
(2.3 )
(4.9 )
Changes in operating assets and liabilities, net of the effects of acquisitions:
Receivables
(40.6 )
(56.9 )
Inventory
(152.1 )
(131.6 )
Income tax receivable
22.4
7.3
Prepaid expenses and other assets
(33.5 )
(30.6 )
Accounts payable
31.4
24.5
Income tax payable
14.7
—
Accrued expenses and other liabilities
10.8
34.4
Net Cash Provided By Operating Activities
$ 156.7
$ 135.7
Cash Flows from Investing Activities:
Purchases of property and equipment
(57.9 )
(39.2 )
Purchases of intangible assets
(7.8 )
(0.6 )
Acquisitions, net of cash acquired
(81.4 )
(18.4 )
Proceeds from the sale of property and equipment
6.8
4.8
Net Cash Used In Investing Activities
$ (140.3 )
$ (53.4 )
Cash Flows from Financing Activities:
Equity proceeds from common stock
1.9
9.0
Repurchases of common shares
(176.6 )
(58.3 )
Distributions to non-controlling interest
—
(1.0 )
Repayments under term loan
(2.9 )
(2.9 )
Borrowings on asset-based credit facilities
427.3
293.8
Repayments on asset-based credit facilities
(333.3 )
(291.1 )
Payments of debt issuance costs
(1.9 )
—
Payments on finance lease obligations
(26.6 )
(24.1 )
Payments of acquisition related contingent obligations
(0.5 )
(3.8 )
Other financing activities
(5.3 )
(4.8 )
Net Cash Used In Financing Activities
$ (117.9 )
$ (83.2 )
Effect of exchange rate on cash
(0.7 )
0.7
Net change in cash
(102.2 )
(0.2 )
Cash and cash equivalents:
Beginning
190.6
107.1
Ending
$ 88.4
$ 106.9
Supplemental Disclosures of Cash Flow Information:
Cash paid during the year for interest
$ 27.9
$ 26.0
Cash paid during the year for income taxes
$ 25.2
$ 38.2
7
SiteOne Landscape Supply, Inc.
Adjusted EBITDA to Net Income (Loss) Reconciliation
(Unaudited)
(In millions)
The following table presents a reconciliation of Adjusted EBITDA to
Net income (loss):
2026
2025
2024
Qtr 3
Qtr 2
Qtr 1
Qtr 4
Qtr 3
Qtr 2
Qtr 1
Qtr 4
Reported Net income (loss)
$ 63.9
$ 139.3
$ (24.1 )
$ (7.8 )
$ 60.6
$ 132.1
$ (27.5 )
$ (21.5 )
Income tax expense (benefit)
22.4
48.3
(9.8 )
(5.4 )
15.5
45.0
(9.4 )
(10.1 )
Interest expense, net
9.5
10.0
8.0
8.2
9.1
10.3
7.4
6.7
Depreciation and amortization
35.5
36.2
35.1
34.7
35.4
35.3
35.4
35.6
EBITDA
131.3
233.8
9.2
29.7
120.6
222.7
5.9
10.7
Stock-based compensation(a)
5.6
2.1
14.2
5.5
5.6
2.3
13.6
5.5
(Gain) loss on sale of assets(b)
(0.7 )
(0.6 )
(1.6 )
0.3
0.1
(0.5 )
(0.2 )
1.5
Acquisitions and other adjustments(c)
2.1
1.9
3.7
2.1
1.2
2.2
3.1
14.1
Adjusted EBITDA(d)
$ 138.3
$ 237.2
$ 25.5
$ 37.6
$ 127.5
$ 226.7
$ 22.4
$ 31.8
(a) Represents stock-based compensation expense recorded during the period.
(b) Represents any gain or loss associated with the sale of assets and termination of finance leases not in
the ordinary course of business.
(c) Represents professional fees and settlement of litigation, performance bonuses, and retention and severance
payments related to historical acquisitions. Also included is the cost of inventory that was stepped up to fair value related to the purchase
accounting of Devil Mountain as well as charges during the fourth quarter of 2025 and 2024 for consolidating or closing certain branch
locations. We cannot predict the timing or amount of any such fees or payments. These amounts are recorded in Cost of goods sold and Selling,
general and administrative expenses in the Consolidated Statements of Operations.
(d) Adjusted EBITDA excludes any earnings or loss of acquisitions prior to their respective acquisition dates
for all periods presented. Adjusted EBITDA includes Adjusted EBITDA attributable to non-controlling interest as follows (in millions):
2026
2025
2024
Qtr 3
Qtr 2
Qtr 1
Qtr 4
Qtr 3
Qtr 2
Qtr 1
Qtr 4
Adjusted EBITDA attributable to non-controlling interest
$ —
$ 1.3
$ 0.7
$ 1.1
$ 1.0
$ 1.8
$ 0.3
$ 0.8
8
SiteOne Landscape Supply, Inc.
Organic Daily Sales to Net Sales Reconciliation
(In millions, except Selling Days; unaudited)
The following table presents a reconciliation
of Organic Daily Sales to Net sales:
2026
2025
Qtr 3
Qtr 2
Qtr 1
Qtr 3
Qtr 2
Qtr 1
Reported Net sales
$ 1,291.1
$ 1,530.7
$ 940.1
$ 1,258.2
$ 1,461.6
$ 939.4
Organic Sales(a)
1,247.8
1,479.2
927.7
1,254.6
1,459.3
939.4
Acquisition contribution(b)
43.3
51.5
12.4
3.6
2.3
—
Selling Days
63
64
64
63
64
64
Organic Daily Sales
$ 19.8
$ 23.1
$ 14.5
$ 19.9
$ 22.8
$ 14.7
(a) Organic Sales equal Net sales less Net sales from branches acquired in 2026 and 2025.
(b) Represents Net sales from acquired branches that have not been under our ownership for at least four full
fiscal quarters at the start of the 2026 Fiscal Year. Includes Net sales from branches acquired in 2026 and 2025.
9
GRAPHIC
GRAPHIC
Filename: tm2628388d1_8kimg001.jpg · Sequence: 6
Binary file (8369 bytes)
Download tm2628388d1_8kimg001.jpg
GRAPHIC
GRAPHIC
Filename: tm2628388d1_ex99-1img001.jpg · Sequence: 7
Binary file (4382 bytes)
Download tm2628388d1_ex99-1img001.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 9
v3.26.3
Cover
Oct. 28, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Oct. 28, 2026
Entity File Number
001-37760
Entity Registrant Name
SiteOne Landscape Supply, Inc.
Entity Central Index Key
0001650729
Entity Tax Identification Number
46-4056061
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
300
Colonial Center Parkway
Entity Address, Address Line Two
Suite 600
Entity Address, City or Town
Roswell
Entity Address, State or Province
GA
Entity Address, Postal Zip Code
30076
City Area Code
470
Local Phone Number
277-7000
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Stock, par value $0.01 per share
Trading Symbol
SITE
Security Exchange Name
NYSE
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration