NYSE$SITE
SiteOne Landscape Supply Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
SiteOne finished the year strongly with sales volume growth mostly mitigating commodity price deflation, combined with continued gross margin recovery and tight SG&A management resulting in modest adjusted EBITDA growth.
SiteOne's Q4 2023 net sales increased by 8% to $965.0 million, driven by acquisitions, although organic daily sales decreased by 1% due to commodity price deflation. Gross profit rose by 8%, but gross margin decreased slightly. Net loss was $3.4 million, while adjusted EBITDA increased by 3%.
- Net sales for the Fourth Quarter 2023 increased to $965.0 million, or 8%, compared to the prior-year period.
- Organic Daily Sales decreased 1% compared to the prior-year period.
- Gross profit increased 8% to $326.6 million for the Fourth Quarter 2023 compared to the prior-year period.
- Adjusted EBITDA increased 3% to $39.9 million for the Fourth Quarter 2023, compared to the prior-year period.
Headline financials
Revenue & EPS history
SiteOne · Revenue · Quarterly
$965M
Forward guidance
SiteOne expects commodity price deflation to moderate in the first half of 2024 with positive contribution from pricing in the second half. Overall, prices are expected to be down 1% to 2% for the full year 2024. Adjusted EBITDA is expected to be in the range of $420 million to $455 million.
Tailwinds
- Recovering residential market
- Steady maintenance
- Resilient commercial, repair and remodel markets
- Commercial initiatives
- SG&A management
Headwinds
- Commodity price deflation in the first half of 2024
- Overall prices expected to be down 1% to 2% for the full year 2024
- Uncertain economic conditions
- Potential supply chain disruptions
- Increased operating costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.6%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
55%
23 / 42 earnings
Positive
+10.0%
Q2 2021
Best reaction
-15.7%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -15.7% | -12.3% | -24.1% | |
| Q4 2025 | +9.7% | +5.6% | -12.8% | |
| Q3 2025 | +7.0% | +1.2% | +9.0% | |
| Q1 2025 | +0.6% | +5.9% | +2.4% | |
| Q4 2024 | +2.8% | +9.7% | -7.9% | |
| Q3 2024 | -2.3% | +2.1% | +7.2% | |
| Q2 2024 | -2.8% | -7.6% | -1.2% | |
| Q1 2024 | -4.2% | +0.8% | -1.3% | |
| Q4 2023 | +9.3% | +7.6% | +10.5% | |
| Q3 2023 | -7.3% | -8.3% | +6.8% | |
| Q2 2023 | -7.6% | -5.3% | -0.8% | |
| Q1 2023 | +4.2% | +4.4% | -2.4% | |
| Q4 2022 | -2.5% | -2.6% | -14.9% | |
| Q3 2022 | -5.4% | -3.6% | +9.5% | |
| Q2 2022 | -4.5% | -1.0% | -13.7% | |
| Q1 2022 | -7.8% | -12.9% | -7.1% | |
| Q4 2021 | -7.4% | -9.6% | +0.1% | |
| Q3 2021 | +2.8% | +1.3% | -1.5% | |
| Q2 2021 | +10.0% | +11.3% | +17.9% | |
| Q1 2021 | +4.0% | +8.4% | -12.9% | |
| Q4 2020 | +1.8% | +7.2% | +16.2% | |
| Q3 2020 | +0.8% | +2.2% | +11.6% | |
| Q2 2020 | +2.1% | +9.6% | +5.0% | |
| Q1 2020 | +2.5% | -2.2% | +23.0% | |
| Q4 2019 | +8.0% | +6.2% | -37.6% | |
| Q3 2019 | +9.8% | +11.3% | +10.7% | |
| Q2 2019 | +4.9% | +3.5% | +13.7% | |
| Q1 2019 | -11.4% | -4.3% | -3.6% | |
| Q4 2018 | -1.5% | +0.3% | +3.6% | |
| Q3 2018 | +7.2% | +5.5% | -2.2% | |
| Q2 2018 | -0.0% | +3.0% | +1.4% | |
| Q1 2018 | +6.3% | +7.5% | +14.0% | |
| Q4 2017 | -8.8% | -6.0% | -6.7% | |
| Q3 2017 | -0.8% | +7.2% | +10.6% | |
| Q2 2017 | -3.0% | -2.2% | -1.7% | |
| Q1 2017 | +1.3% | -1.1% | +2.6% | |
| Q4 2014 | +9.7% | +11.1% | +12.9% | |
| Q4 2016 | +9.7% | +11.1% | +12.9% | |
| Q3 2016 | +0.3% | +7.4% | +10.7% | |
| Q2 2016 | -2.5% | +3.6% | +2.9% | |
| Q2 2015 | -2.5% | +3.6% | +2.9% | |
| Q1 2015 | +9.3% | +7.0% | +20.6% | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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