SiteOne Landscape Supply, Inc. - SITE STOCK NEWS

Hydrobuilder Holdings has appointed Chintan Patel as the new Chief Information Officer (CIO). Chintan brings over five years of experience from SiteOne Landscape Supply where she developed their eCommerce and IT systems. Her expertise will be pivotal for Hydrobuilder as they aim to expand in the hydroponics and specialty agriculture sectors. The company, which is the second largest omnichannel platform in the industry, emphasizes integrating technology to enhance business value. This leadership change marks a strategic move towards strengthening their operations.

SiteOne Landscape Supply (NYSE: SITE) announced the acquisition of Green Brothers Earth Works and Southern Landscape Supply, enhancing its footprint in the Atlanta market. This marks SiteOne's sixth acquisition in 2021, targeting growth in landscape supply distribution. Green Brothers, with a strong presence and expertise in landscape materials, shares SiteOne's commitment to quality service. CEO Doug Black emphasized that this strategic move aligns with their mission to serve landscape professionals across the U.S. and Canada.

SiteOne Landscape Supply reported strong financial results for the second quarter ended July 4, 2021, with net sales rising 33% to $1.1 billion, driven by a 22% increase in organic daily sales and $90.4 million from acquisitions. Gross profit surged by 36% to $388.2 million, supported by improved gross margins. Net income jumped 56% to $123.5 million. The company's cash position is solid, with $107.8 million on hand and reduced net debt of $257.2 million. SiteOne projects a favorable outlook for 2021, anticipating Adjusted EBITDA between $335 million and $365 million, reflecting growth of 29% to 40% year-over-year.

SiteOne Landscape Supply, Inc. (NYSE:SITE), the largest national wholesale distributor of landscape supplies in the U.S., will announce its second quarter 2021 results on August 4, 2021, before the market opens. A conference call to discuss the results will take place at 8:00 a.m. ET on the same day, accessible via the Company’s Investor Relations site. This announcement reflects SiteOne's commitment to transparency and engagement with investors. The Company serves residential and commercial landscape professionals across the U.S. and Canada.

SiteOne® Landscape Supply, Inc. (NYSE: SITE), the premier national wholesale distributor of landscape supplies in the U.S., announced that its CEO Doug Black and CFO John Guthrie will present at Baird’s 2021 Global Consumer, Technology & Services Conference on June 9, 2021, at 10:15 a.m. ET. This event showcases SiteOne's leadership in the landscaping supply industry, serving residential and commercial landscape professionals focused on outdoor design and maintenance.

SiteOne® Landscape Supply, Inc (NYSE: SITE), the leading wholesale distributor of landscape supplies in the U.S., announced participation in the William Blair’s 41st Annual Growth Stock Conference. Doug Black, Chairman and CEO, and John Guthrie, EVP and CFO, will present virtually on June 1, 2021, at 10:20 a.m. ET. Investors can access the live webcast and additional materials at SiteOne's Investor Relations site.

SiteOne serves landscape professionals focusing on residential and commercial outdoor spaces in the U.S. and Canada.

SiteOne Landscape Supply (NYSE: SITE) has acquired Rock & Block Hardscape Supply, which operates two locations in California, serving the San Diego and Southern Orange County markets. This acquisition is part of SiteOne's strategy to enhance its hardscape distribution presence in Southern California, according to CEO Doug Black. Rock & Block's founders expressed enthusiasm for joining SiteOne, highlighting the potential for improved service and opportunities for their employees. This marks SiteOne's fifth acquisition in 2021, underscoring its expansion efforts in the landscape supply sector.

SiteOne Landscape Supply reported strong results for Q1 2021, with net sales reaching $650.2 million, a 41% increase from the prior year. Organic Daily Sales rose 32%, and net income stood at $7.4 million, rebounding from a loss of ($17.5) million last year. Adjusted EBITDA increased to $34.5 million, marking significant growth. The company raised its full-year guidance for Organic Daily Sales growth to low-double digits, anticipating Adjusted EBITDA of $300 million to $320 million. Cash on hand was $32.5 million.

SiteOne Landscape Supply (NYSE: SITE) announced its acquisition of Melrose Irrigation Supply and Sales, which includes six locations across Florida specializing in irrigation, lighting, and drainage products. This acquisition enhances SiteOne's market presence as part of its strategy to expand its leadership in the landscape supply industry. Doug Black, Chairman and CEO, expressed enthusiasm for Melrose's expertise and cultural alignment. This marks SiteOne's fourth acquisition in 2021, indicating a robust growth strategy to enhance service offerings to customers in the landscape supply market.