SiteOne Landscape Supply (SITE) Q3 2026 Earnings Report
MX:SITE Q3 2026 EPS Results
- Actual EPS
- MXN 30.44
- Consensus EPS
- MXN 27.46
- Beat/Miss
- Beat by +MXN 2.99
- One Year Ago EPS
- MXN 27.49
MX:SITE Q3 2026 Revenue Results
- Actual Revenue
- MXN 24.26B
- Expected Revenue
- MXN 24.47B
- Beat/Miss
- Missed by -MXN 208.91M
- YoY Revenue Growth
- +2.61%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/28/2026
- Time
- Before Open
- Conference Call
- Wednesday, October 28, 2026
SiteOne Landscape Supply's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was positive overall. SiteOne reported sales, EBITDA, net income, gross-margin, digital-sales, acquisition, and share-repurchase growth, while maintaining liquidity and a full-year EBITDA outlook of $425 million to $440 million. These achievements and ongoing strategic initiatives outweighed the explicitly stated challenges of weak underlying demand, declining residential and repair-and-upgrade markets, higher operating costs, competitive intensity, restructuring actions, and lower full-year organic-sales expectations.
For fiscal 2026, SiteOne expects organic daily sales to be flat to down 1%, pricing to contribute approximately 4% to net sales growth, adjusted EBITDA of $425 million to $440 million excluding any contribution from unannounced acquisitions, adjusted EBITDA margin to expand slightly, gross margin to be higher for the remainder of the year and full year, and SG&A as a percentage of net sales to be up for the full year; new residential construction is expected to be down double digits, new commercial construction approximately flat, repair and upgrade demand down through the remainder of this year, and maintenance flat in 2026. The company plans to reduce its workforce and consolidate or close branches in the fourth quarter, incurring a charge to adjusted EBITDA of approximately $6 million to $8 million, while the 50-third week is expected to reduce adjusted EBITDA by an additional $4 million to $5 million in the fourth quarter; the effective tax rate is expected to be between 25% and 26%, price contribution is expected to continue to track near 4% for the fourth quarter, and pricing for the full year is expected to be up approximately 4%. For acquisitions, management cited $200 million to $300 million of acquired annual sales as a long term run rate, while share repurchases would be in the $100 million to $200 million range; residential completions are expected to be down 10% to 12%, and residential starts are down mid single digits next year.
- Third-Quarter Sales and Profit GrowthNet sales increased 3% to $1.29 billion, adjusted EBITDA increased 8% to $138.3 million, and adjusted EBITDA margin expanded 60 basis points to 10.7% compared with the prior-year period.
- Gross Margin ExpansionGross profit increased 5% to approximately $459 million, while gross margin improved 80 basis points to 35.5%, driven primarily by strong price realization, fuel surcharges, and continued execution of commercial initiatives.
- Net Income GrowthNet income attributable to SiteOne increased 8% to $63.9 million from $59.1 million in the prior-year period, primarily reflecting gross margin expansion.
- Pricing Remained PositivePrice contribution was 4% during the quarter and pricing was positive across all product categories. Grass seed prices increased in the mid-single-digit range and PVC pipe prices increased 2%; full-year pricing is expected to be up approximately 4%.
- Fall Season RecoveryOrganic daily sales increased approximately 2% so far in October as delayed fall-season sales came through. Organic daily sales for the four-month period from July through October were flat to up 1%, before the effect of the 53rd week.
- Regional Performance ImprovementsThe Central Region delivered approximately 7% organic sales growth, supported by solid underlying market performance and the stronger market position following the Reinders acquisition. California organic sales increased approximately 1% for the quarter, driven by share gains and the Devil Mountain Nursery business.
- Private-Label and Small-Customer GrowthPro Trade, Solstice, and Portfolio private-brand products grew collectively by 23% during the quarter and more than 35% year to date. The company also achieved good organic daily sales growth with small customers.
- Digital Engagement GrowthDigital sales on SiteOne.com increased more than 45% year to date versus the prior-year period, while regular active users increased approximately 35%. The company reported strong positive total sales growth with customers engaged digitally.
- Bilingual Capability ExpansionNearly 70% of branches had bilingual capability, despite the addition of 12 Reinders branches earlier in the year that did not have this capability. The company continued executing its Hispanic marketing strategy.
- Delivery-Cost ImprovementsNet delivery expense decreased by more than 35 basis points year to date through increased efficiency, improved pricing, and fuel surcharges. The company expects additional improvements in 2026 and the following several years.
- Acquisition MomentumSiteOne completed three acquisitions in 2026, adding approximately $125 million in trailing 12-month sales. The Patterson Nursery acquisition expanded the nursery product line into the Pacific Northwest and strengthened distribution of West Coast nursery products across the country.
- Long-Term Acquisition OpportunitySince 2014, SiteOne has completed 109 acquisitions, adding approximately $2.2 billion in trailing 12-month sales. The company reported an active pipeline, several letters of intent, and expects to close more deals during the remainder of 2026 and into 2027.
- Strong Market Position and Growth RunwaySiteOne operates more than 690 branches and five distribution centers across 45 U.S. states and five Canadian provinces. Management estimates a 13% share of the fragmented $36 billion wholesale landscaping-products distribution market and cited a long-term opportunity to add more than $2 billion of acquired trailing 12-month revenue over the next 10 years.
- Share Repurchases and Capital ReturnsSiteOne repurchased approximately 646,000 shares for approximately $62 million during the quarter at an average price of $96.29 per share. The Board increased the share-repurchase authorization to $500 million, with approximately $38.3 million remaining under the prior authorization.
- Balance-Sheet FlexibilityAvailable liquidity totaled approximately $566 million, consisting of $88 million of cash and $478 million of available borrowing capacity. Net debt to trailing 12-month adjusted EBITDA was 1.2 times, within the company’s target leverage range of 1 to 2 times.
- Maintenance and Commercial Market ResilienceMaintenance demand was described as steady, with strong October performance, a strong reorder program, and continued market-share gains. New commercial construction, which represents 14% of sales, remained stable and is expected to be approximately flat in 2026.
- Full-Year EBITDA OutlookDespite challenging demand, higher fuel and healthcare costs, the 53rd week, and an expected restructuring charge, SiteOne expects to expand adjusted EBITDA margin slightly in fiscal 2026 and forecasts full-year adjusted EBITDA of $425 million to $440 million, excluding contributions from unannounced acquisitions.
- Continued Strategic InvestmentManagement plans to continue investing in commercial and operational initiatives, including focused-branch improvement, net-delivery-cost reduction, private-label growth, small-customer growth, digital sales, and acquisitions, with the goal of reaching its longer-term EBITDA margin targets.
MX:SITE Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 17, 2027 | 2026 (Q4) | -4.19- | -0.43 | ― | ― |
| Oct 28, 2026 | 2026 (Q3) | 27.4630.44 | 27.49 | 10.73% (+2.95) | |
| Jul 29, 2026 | 2026 (Q2) | 62.9960.45 | 55.42 | 9.09% (+5.04) | |
| Apr 29, 2026 | 2026 (Q1) | -6.20-4.40 | -4.59 | 4.10% (+0.19) | |
| Feb 11, 2026 | 2025 (Q4) | -4.02-0.43 | -0.88 | 51.06% (+0.45) | |
| Oct 29, 2025 | 2025 (Q3) | 24.7927.49 | 21.93 | 25.36% (+5.56) | |
| Jul 30, 2025 | 2025 (Q2) | 55.2555.42 | 52.02 | 6.54% (+3.40) | |
| Apr 30, 2025 | 2025 (Q1) | -8.51-4.59 | -3.72 | -23.23% (-0.86) | |
| Feb 12, 2025 | 2024 (Q4) | -4.96-0.88 | 1.48 | -159.49% (-2.37) | |
| Oct 30, 2024 | 2024 (Q3) | 22.1221.93 | 26.5 | -17.23% (-4.57) |
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.