SiteOne Landscape Supply Inc

SiteOne Landscape Supply, Inc., together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; hardscapes, which includes pavers, natural stones, blocks, and other durable materials; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories. It also offers consultative services consisting of assistance with irrigation project take-offs, commercial project planning, generation of sales leads, business operations, and product support services, as well as a series of technical and business management seminars; and distributes branded products of third parties. In addition, the company provides product knowledge and technical expertise, project services, and partners program services. Additionally, it offers plant varieties under the Portfolio brand; and natural stone under the Solstice brand name. The company offers its products under the LESCO, SiteOne Green Tech, and Pro-Trade brand names. It markets its products primarily to residential and commercial landscape professionals who specializes in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces through branch network and direct distribution. SiteOne Landscape Supply, Inc. was founded in 2001 and is headquartered in Roswell, Georgia.

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SiteOne Landscape Supply Misses Q2 Estimates as Weak Housing Demand Weighs on Volumes

SiteOne Landscape Supply reported second-quarter revenue of $1.53 billion, missing analyst estimates of $1.54 billion, while adjusted earnings per share of $3.20 came in below the $3.35 consensus. Organic revenue rose just 1% year on year, as volumes declined in new residential construction and repair and upgrade markets, particularly in Sunbelt states. Management cited broad-based pressure across remodeling product categories and noted that energy volatility and macroeconomic uncertainty dampened customer appetite. The company provided full-year EBITDA guidance of $440 million at the midpoint, below the $448 million analysts had expected. CEO Doug Black described the market as weaker than expected and forecast that repair and upgrade demand will be down approximately mid-single digits in 2026.

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Herc leads specialty equipment distributors with 32% revenue jump in Q1

Herc Holdings reported first-quarter revenues of $1.14 billion, up 32.3% year on year and beating analyst estimates by 5.3%, making it the fastest-growing and biggest beat among the eight specialty equipment distributors tracked. The company completed the integration of its H&E acquisition, the largest in industry history, adding 25% more specialty locations and expanding its sales network. However, Herc issued full-year revenue guidance that missed expectations significantly, the weakest update in the group. Richardson Electronics posted the best overall quarter with a 4.4% revenue beat and strong EPS and EBITDA outperformance, while SiteOne Landscape Supply had the weakest results, missing revenue estimates by 4.2% and falling short on operating income and EPS. Custom Truck One Source delivered the highest full-year guidance raise among peers, and Hudson Technologies recorded the highest guidance raise but missed operating income and EPS estimates.

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