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SiteOne Landscape Supply, Inc. (SITE) stands as the premier national wholesale distributor of landscaping products in the United States and Canada. Formerly operating under the name John Deere Landscapes, SiteOne has cemented its reputation as a pivotal resource for residential and commercial landscape professionals. Our clients range from those focusing on the design and installation of outdoor spaces to experts in lawn maintenance, garden care, golf course upkeep, and a variety of other landscaping applications.
Our expansive network encompasses over 460 branches spread across 44 states and five Canadian provinces. We take pride in offering a comprehensive selection of more than 90,000 products. These include irrigation supplies, fertilizers and control products, nursery goods, hardscapes, landscape lighting, drainage and erosion control products, tools, and a wide array of other landscaping accessories and supplies.
SiteOne is committed to providing unparalleled service through our world-class team of over 2,700 industry experts. We offer industry-leading complementary services and business assistance aimed at helping our customers grow and manage their businesses effectively. Our product portfolio is tailored to meet the specific needs of each customer, ensuring that they have access to the best resources available.
Recent achievements and ongoing projects reflect our dedication to innovation and customer satisfaction. We continue to expand our range of products and services to meet the evolving demands of the landscaping industry. Our financial stability and strategic partnerships further solidify our position as a leader in the market.
SiteOne Landscape Supply is not just a supplier; we are a partner in growth, providing solutions that empower our customers to achieve success in their landscaping projects. Stay informed about our latest developments and updates to see how we continue to shape the future of the landscaping industry.
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.
SiteOne Landscape Supply, Inc. (NYSE: SITE) announced it will release its first-quarter 2022 results on May 4, 2022, before the market opens. A conference call is scheduled for 8:00 a.m. ET that same day to discuss the results, available via webcast on the Company's Investor Relations website. The call can also be accessed by phone, with a replay option available for two weeks. SiteOne is the largest national wholesale distributor of landscape supplies in the U.S. and has an expanding footprint in Canada.
SiteOne Landscape Supply (NYSE: SITE) has acquired JK Enterprise Landscape Supply, LLC, expanding its presence in Northern Virginia and Maryland with seven new locations. JK Enterprise is recognized for high-quality landscaping supplies, including mulches, soils, and hardscapes. This strategic acquisition enhances SiteOne's distribution network and aligns with its goal to be the leading full-line distributor for landscape professionals across the U.S. and Canada. The partnership promises growth opportunities for both SiteOne and JK Enterprise's customers.
SiteOne Landscape Supply reported strong financials for Q4 and FY 2021, achieving a 19% increase in net sales to $805.2 million in Q4, and a 29% increase to $3.48 billion for the full year. Gross profit rose 27% for Q4 and 35% for FY 2021, totaling $282.4 million and $1.21 billion, respectively. The company closed two acquisitions in Q4 and eight throughout the year, contributing positively to growth. Despite expected inflation, the outlook for 2022 remains cautiously optimistic with projected Adjusted EBITDA of $430 million to $450 million.
SiteOne Landscape Supply, Inc. (NYSE: SITE), the leading national wholesale distributor of landscape supplies in the U.S., will publish its fourth quarter and full year 2021 results on February 16, 2022, before market opening. A conference call will be held at 8:00 a.m. ET on the same day to discuss the results. Investors can access the live webcast on the Investor Relations section of the company's website. A telephonic replay will be available shortly after the call. The company focuses on supplying landscape professionals for both residential and commercial projects.
SiteOne Landscape Supply (NYSE: SITE) has acquired Seffner Rock & Gravel, a leading distributor based in Tampa, Florida. This acquisition marks SiteOne's first branch dedicated to hardscapes and bulk materials in Florida. The deal enhances SiteOne's capabilities to service customers in the Central Florida market, contributing to its growth strategy with a total of eight acquisitions in 2021. Seffner's reputation for high-quality products aligns well with SiteOne's focus on delivering top-tier landscape supplies to professionals in the industry.
SiteOne Landscape Supply (NYSE: SITE) announces the acquisition of Semco Stone, one of the largest natural stone distributors in the Midwest, enhancing its market presence. Semco operates four locations in Ohio and Missouri, providing high-quality natural stone and landscaping supplies. This acquisition marks SiteOne's seventh in 2021, reflecting its strategy to expand its range of landscape supplies and services. Both companies emphasize the value of their employees as key assets, promising a continued commitment to customer satisfaction.
SiteOne Landscape Supply (NYSE: SITE), the premier national wholesale distributor of landscape supplies in the U.S., announced participation in the Baird Global Industrial Conference. CEO Doug Black and CFO John Guthrie will present virtually on November 9, 2021, at 11:25 a.m. ET. The company serves residential and commercial landscape professionals and is expanding its presence in Canada. For more information, visit siteone.com.
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