SiteOne Landscape reports Q4 EPS (48c) vs. (8c) last year

Reports Q4 revenue $1.01B vs. $965M last year. “We were pleased to finish a challenging year in 2024 on a more positive note, achieving 1% Organic Daily Sales growth in the fourth quarter against the headwind of 3% deflation. Throughout the year, we made significant progress on our strategic initiatives and acquisition integrations, which positions us well for positive sales growth, SG&A leverage, and EBITDA margin expansion in 2025,” said Doug Black, SiteOne’s Chairman and CEO. “While commodity price deflation remains a near-term headwind, we are seeing conditions normalize with price increases coming through in the non-commodity products. With steady demand across our end markets, we anticipate a more balanced operating environment in 2025. Accordingly, with the benefit of our commercial and operational initiatives creating significant value for our customers and suppliers, combined with our leading market position and robust acquisition pipeline, we expect to deliver solid performance and growth and strong long-term value for our shareholders.”