SiteOne Landscape Supply Announces Third Quarter 2026 Earnings
SiteOne posted Q3 2026 net sales of $1.29 billion, up 3% year-over-year, with net income up 8% to $63.9 million and diluted EPS of $1.46. Adjusted EBITDA rose 8% to $138.3 million with margin up 60 bps to 10.7%, but Organic Daily Sales fell 1% amid soft end-market demand and a weather-delayed fall season. The board authorized a $500 million increase to the buyback program (roughly $538.3 million total capacity), and the company repurchased $62.2 million of shares during the quarter while completing the Patterson Nursery Sales acquisition.
Key figures
- Eps
- 1.46 diluted (GAAP, Q3 2026)
- Revenue
- $1,291.1 million
- Guidance
- FY2026 Adjusted EBITDA $425M-$440M; full-year Organic Daily Sales flat to down 1%; July-October Organic Daily Sales flat to up 1%
- Revenue Yoy
- 3%
- Net debt
- $522.6 million
- Net income
- $63.9 million
- Pricing yoy
- +4%
- Gross margin
- 35.5%
- Gross profit
- $458.5 million
- Adjusted ebitda
- $138.3 million
- Buyback increase
- $500 million
- Net debt to ebitda
- 1.2x
- Restructuring flag
- Q4 workforce reduction and branch consolidations/closures
- Shares repurchased q3
- $62.2 million
- Adjusted ebitda margin
- 10.7%
- Organic daily sales yoy
- -1%
- Q4 restructuring charge
- $6 million to $8 million
- Total buyback authorization
- $538.3 million
AI analysis
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