SiteOne Landscape Supply, Inc. - SITE STOCK NEWS

SiteOne Landscape Supply, Inc. (NYSE: SITE), the largest national wholesale distributor of landscape supplies in the U.S., is set to announce its second quarter 2022 results on August 3, 2022, before market opens. A conference call will follow at 8:00 a.m. ET, where stakeholders can discuss the results. Investors can access the call via the Company's Investor Relations website or by phone (domestic: 844-825-9789, international: 412-317-5180). A replay will be available post-call until 11:59 p.m. ET on August 17, 2022.

SiteOne Landscape Supply (NYSE: SITE) has successfully acquired A&A Stepping Stone, a wholesale distributor based in Sacramento, California. This acquisition marks SiteOne's seventh in 2022, enhancing its hardscapes and landscape supplies offerings. Doug Black, Chairman and CEO, expressed enthusiasm for integrating A&A into SiteOne's operations, which aims to strengthen their market presence and customer service. The move is aligned with SiteOne's strategy to broaden its product and service range for landscape professionals in the region.

SiteOne Landscape Supply (NYSE: SITE) has announced its acquisition of Prescott Dirt, a landscape supply distributor with locations in Prescott and Prescott Valley, Arizona. This move marks SiteOne's sixth acquisition in 2022, further expanding its reach in the landscape supply sector. Doug Black, Chairman and CEO, expressed excitement about the complementary capabilities of Prescott Dirt, which will enhance service offerings to customers. The acquisition aims to better serve existing clients and attract new ones in the Prescott market.

SiteOne Landscape Supply (NYSE: SITE) has successfully completed its acquisition of Yard Works, LLC, a well-established wholesale distributor of bulk landscape supplies in Central Virginia. With 13 locations, Yard Works has a strong market reputation, particularly in bulk mulch and soil. This acquisition marks SiteOne's fifth foray into expanding its market offerings in 2022, underscoring its commitment to enhancing product diversity and customer service. Yard Works' leadership anticipates growth opportunities through this partnership, aligning with SiteOne's customer-focused strategy.

SiteOne Landscape Supply (NYSE: SITE) has completed the acquisition of Across the Pond, a wholesale distributor based in Huntsville, Alabama. This acquisition marks SiteOne's fourth in 2022, enhancing its product offerings in the rapidly growing Huntsville market. Across the Pond has supplied hardscapes and bulk materials locally for over 20 years. Chairman and CEO Doug Black expressed enthusiasm for the partnership, emphasizing the commitment to excellent service and value for customers. This strategic move aims to expand SiteOne's reach within landscape supplies and services.

SiteOne Landscape Supply (NYSE: SITE) announced participation in the 42nd Annual William Blair Growth Stock Conference on June 7, 2022, in Chicago. Chairman Doug Black and CFO John Guthrie will present at 10:40 a.m. CT. As the largest wholesale distributor of landscape supplies in the U.S., SiteOne serves residential and commercial landscape professionals. A live webcast and more investor materials will be accessible on SiteOne’s Investor Relations page.

SiteOne Landscape Supply (NYSE: SITE) reported a strong first quarter for 2022, with net sales rising 24% to $805.3 million and adjusted EBITDA up 97% to $67.8 million. The gross profit increased 34% to $269.2 million, improving gross margin by 240 basis points to 33.4%. Despite the challenges of product inflation and supply chain issues, the company’s net income surged to $32.3 million from $7.4 million a year earlier, driven by solid demand and successful acquisitions, including JK Enterprise Landscape Supply. The outlook remains cautiously optimistic for 2022.

SiteOne Landscape Supply (NYSE: SITE) has completed the acquisition of Preferred Seed, a leading wholesale distributor of seed and agronomics based in New York and Pennsylvania. This marks SiteOne's third acquisition in 2022, enhancing its market presence in landscape supplies. Doug Black, CEO of SiteOne, praised Preferred Seed's reputation for excellent customer service. The partnership aims to expand opportunities for both teams and customers while continuing the tradition of personal service. SiteOne remains the largest national distributor of landscape supplies in the U.S.

SiteOne Landscape Supply (NYSE: SITE) has successfully completed its acquisition of BellStone Masonry Supply, a wholesale distributor located in Fort Worth, Texas. This marks SiteOne's second acquisition in 2022 as it aims to expand its footprint in the landscape supply industry. Both the CEO of SiteOne and the founder of BellStone expressed enthusiasm about the partnership, highlighting shared values and the potential for growth in the Fort Worth market. SiteOne remains the largest national wholesale distributor of landscape supplies in the U.S. and is expanding its presence in Canada.