SiteOne Landscape sees FY24 adjusted EBITDA $420M-$455M

“We expect commodity price deflation to moderate in the first half of 2024 with positive contribution from pricing in the second half. Overall, we expect prices to be down 1% to 2% for the full year 2024,” Doug Black continued. “With a recovering residential market, steady maintenance, and resilient commercial, repair and remodel markets, combined with our commercial initiatives, we expect sales volume to more than offset price deflation, yielding low single digit Organic Daily Sales growth for the full year 2024. With the benefit of our operational initiatives, SG&A management, and contribution from our acquisitions, we would expect to increase adjusted EBITDA margin during the year. Given these trends, we expect our Adjusted EBITDA to be in the range of $420 million to $455 million. Our guidance does not include any contributions from unannounced acquisitions.”