SiteOne sets third-quarter earnings date, keeps 2026 profit outlook at $425 million to $455 million
Key Facts
SiteOne Landscape Supply’s third-quarter 2026 performance figures could not be verified after the attached earnings release could not be opened, while the available investor-relations pages continued to show the release-date announcement and second-quarter results. The company had said it would publish third-quarter results before trading began on October 28, 2026, and hold a conference call at 8:00 a.m. Eastern Time that day. Figures in the previous draft on adjusted earnings growth or margin expansion therefore cannot be confirmed. In its latest published financial results, SiteOne reported growth in sales and adjusted earnings in the second quarter. The company left its fiscal 2026 guidance unchanged at the time.
Second-quarter net sales rose 5% to $1,530.7 million, compared with $1,461.6 million in the same period a year earlier. But daily organic sales growth was only 1%, indicating that total growth included contributions beyond underlying activity. Gross profit rose 6% to $564.5 million, while its margin widened 50 basis points to 36.9%. Adjusted EBITDA increased 5% to $237.2 million from $226.7 million. The adjusted EBITDA margin was 15.5%, unchanged year over year.
The company said daily organic sales growth was driven mainly by higher prices in response to rising costs and its commercial initiatives, while weaker demand limited growth. It reported that prices increased 3% in the second quarter and expected the trend to continue through year-end. Acquisitions contributed $49.2 million, or 3%, to sales growth during the quarter. These factors show that revenue growth relied on pricing and acquisitions while demand in some end markets remained weak. The company’s full-year guidance called for daily organic sales growth of between flat and 1%.
Chief Executive Doug Black described diverging conditions across the company’s markets, saying new residential construction declined at a high single-digit rate and the repair and remodel market fell at a mid-single-digit rate. By contrast, maintenance posted modest growth, while new commercial construction remained stable. These indicators matter for a distributor of landscape supplies, as demand for its products is tied to construction, home-improvement and maintenance activity. SiteOne had kept its fiscal 2026 adjusted earnings outlook at $425 million to $455 million. The guidance puts the expected third-quarter results in the context of investors’ assessment of the company’s performance through the rest of the year.
In the third quarter of 2025, the company’s sales rose 4% to $1,258.2 million, and adjusted earnings climbed 11% to $127.5 million. Adjusted earnings margin was 10.1% then, an improvement of 60 basis points. In that release, the company said demand for new residential construction and repair and remodel remained weak, while it expected modest growth in maintenance and stable new commercial construction. Those figures provide an earlier third-quarter comparison, but do not establish performance in the corresponding quarter of 2026. Other developments during the year included SiteOne’s completion of its acquisition of Reinders on March 17; the acquired company operates 12 locations in Wisconsin, Michigan, Illinois, Indiana, Kansas and Minnesota.
In trading, SiteOne shares closed at $97.45 on October 21, then at $103.17 on October 22 and $103.16 on October 23. They closed at $101.51 on October 26, before ending the October 27 session at $103.03. The closing prices show the stock rose between the first and last day of the period, with a decline on October 26 from its levels in the two previous sessions. Available data did not include details of daily highs or lows. The company had set the third-quarter earnings release for October 28 before the market opened, followed by a conference call at 8:00 a.m. Eastern Time.