EarningsQ2 2026 Earnings Report
MX:SITE Q2 2026 EPS Results
Actual EPS$58.43
Consensus EPS$60.88
Beat/MissMissed by -$2.45
One Year Ago EPS$53.56
MX:SITE Q2 2026 Revenue Results
Actual Revenue$27.80B
Expected Revenue$27.96B
Beat/MissMissed by -$162.65M
YoY Revenue Growth+4.73%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:SITE Upcoming Earnings
SiteOne Landscape Supply's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SITE Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: SiteOne delivered modest top-line and bottom-line growth (sales +5%, adjusted EBITDA +5%, net income +8%) while expanding gross margin and generating strong cash flow and capital returns. The company is executing on digital, private-brand and acquisition strategies, and maintains a healthy balance sheet and active M&A pipeline. Offsetting these positives are continued end-market softness (notably new residential and repair & upgrade), a ~2% decline in organic volume, SG&A pressure from fuel and healthcare, and commodity/category volatility that injects pricing uncertainty. Management's guidance is cautious but stable (organic daily sales flat to +1%, pricing ~3%, adjusted EBITDA $425M–$455M). Given the mix of solid execution and meaningful market headwinds, the call's tone is measured and pragmatic.Company Guidance
Revenue and Profit Growth
Net sales increased 5% year-over-year to $1.53 billion; adjusted EBITDA rose 5% to $237.2 million; net income attributable to SiteOne increased 8% to $139.3 million.
Organic Sales and Pricing Contribution
Organic daily sales increased 1% driven by pricing (+3%) despite a 2% decline in sales volume; full year pricing is expected to contribute ~3% to net sales.
Gross Profit and Margin Expansion
Gross profit increased 6% to ~ $565 million and gross margin improved 50 basis points to 36.9%, driven by price realization, private brand growth and small-customer gains.
Strong Cash Flow and Share Repurchases
Cash provided by operating activities was $153 million in the quarter; the company returned over $100 million to shareholders in the quarter (797k shares repurchased for ~$94 million) and ~$124 million year-to-date in repurchases.
Acquisitions and Active Pipeline
Completed two acquisitions so far in 2026 adding approximately $110 million trailing 12-month sales (including Reinders); historically completed 108 acquisitions since 2014 adding ~$2.2 billion TTM sales; pipeline described as active and robust.
Digital and Commercial Execution
Digital sales on siteone.com increased over 50% year-to-date with regular active users up ~40%; Pro-Trade/private brand portfolio grew strongly (reported growth ~40%-50%), supporting share gains and margin performance.
Balance Sheet and Liquidity
Net debt at quarter end ~$556 million with net debt/TTM adjusted EBITDA 1.3x (within 1x–2x target); available liquidity ~$530 million (cash $87M + $443M available ABL). ABL maturity extended to April 2031.
Operational Improvements
Managed delivery efficiency and implemented fuel surcharges to mitigate higher fuel costs; reduced net delivery expense in the quarter and continued focus on branch optimization and productivity (focused branches performing better).
MX:SITE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed