SiteOne Landscape Supply Schedules Q2 Earnings Release for July 29

Deep News
Jul 08

SiteOne Landscape Supply, the largest national wholesale distributor of landscape supplies in the United States, has announced it will report its financial results for the second quarter of 2026 before the market opens on Wednesday, July 29. A conference call and webcast will follow at 8:00 a.m. Eastern Time that same day.

Looking back at the first quarter, the company's performance fell short of market expectations. It reported a loss per share of $0.60, which was wider than the analyst consensus for a $0.33 loss. Revenue came in at $940.1 million, missing the expected $982.7 million and remaining nearly flat year-over-year. However, the company's gross margin improved by 90 basis points to 33.9% compared to the prior year, and free cash flow remained robust.

The second quarter is typically the largest contributor to SiteOne's annual performance. Analysts are forecasting earnings per share of approximately $0.04 and revenue potentially reaching around $1.2 billion. Market attention will be focused on the trajectory of organic daily sales, a metric which declined by 1% year-over-year in Q1. Investors will be looking for signs of stabilization or a return to positive growth during this key seasonal period.

Management has previously reaffirmed its full-year 2026 EBITDA guidance. Recently, Stifel adjusted its price target for the company down from $157 to $153 while maintaining a Buy rating. The firm anticipates that SiteOne will reiterate its long-term target for an EBITDA margin between 13% and 15% at an upcoming investor day event.

The current consensus rating on Wall Street for SiteOne is Hold. The average price target among 12 research firms stands at $159.70, comprising six Buy ratings, four Hold ratings, and two Sell ratings. The stock is currently trading approximately 35% below its 52-week high of $168.56.

Investors can access the live webcast of the earnings conference call via the SiteOne investor relations website. A replay will be made available following the conclusion of the call.

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