SITEONE LANDSCAPE SUPPLY ($NYSE:SITE) announced their second-quarter fiscal year 2023 earnings results on June 30th, 2023. Total revenue for the quarter was USD 1353.7 million, which was a 11.3% rise from the same period the previous year. Net income, however, decreased 11.9% compared to the same quarter of the prior year to reach USD 124.0 million.
On Wednesday, SITEONE LANDSCAPE SUPPLY, a leading provider of landscape supplies, reported their earnings for Q2 of fiscal year 2023. The stock opened at $171.1 and closed at $162.2, dropping by 6.8% from prior closing price of 174.0. This was a significant decline compared to previous quarters and was largely attributed to market volatility. Investors were surprised, as analysts had projected the company to have a strong quarter based on prior performance.
Despite the short-term setback in share prices, analysts remain bullish on the long-term prospects of SITEONE LANDSCAPE SUPPLY. They point to the company’s strong customer base, its dominant position in the market, and its ability to constantly innovate and provide quality products and services as reasons why investors should remain confident in their investments in the company. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for SITE. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for SITE are shown below. More…
Income Statement Ratios
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GoodWhale is pleased to provide an analysis of SITEONE LANDSCAPE SUPPLY’s wellbeing. Our assessment reveals that SITEONE LANDSCAPE SUPPLY is a medium risk investment, based on our Risk Rating which takes into account both financial and business aspects. We have detected one risk warning in the balance sheet, but you will need to become a registered user in order to view it. We encourage you to make use of our platform and sign up today. More…
Risk Rating Analysis
Star Chart Analysis
The company offers a wide range of products, including irrigation supplies, nursery stock, landscape tools and accessories, and more. SiteOne Landscape Supply Inc competes with Hydrofarm Holdings Group Inc, MAX Co Ltd, Thorpe (F W) PLC, and others in the landscape supplies industry.
– Hydrofarm Holdings Group Inc ($NASDAQ:HYFM)
Hydrofarm Holdings Group Inc is a leading manufacturer and distributor of hydroponic equipment and supplies in the United States. The company has a market cap of 102.81M as of 2022 and a Return on Equity of -41.86%. Hydrofarm Holdings Group Inc is a publicly traded company on the NASDAQ stock exchange under the ticker symbol HYFG. The company’s products are used by commercial and hobbyist growers to produce fruits, vegetables, and herbs.
As of 2022, Daikin Industries, Ltd. has a market capitalization of 97.87 billion dollars and a return on equity of 7.15%. Daikin is a Japanese multinational air conditioning manufacturing company with headquarters in Osaka. The company makes a wide range of products including air conditioners, refrigerators, and chemicals. It also provides services such as installation, repair, and maintenance.
– Thorpe (F W) PLC ($LSE:TFW)
Thorpe (F W) PLC is a British engineering company. The company is headquartered in Derby, England. Thorpe (F W) PLC designs, manufactures, and supplies equipment and services for the rail, construction, and mining industries. The company’s products and services include locomotives, railway cars, and railway infrastructure. Thorpe (F W) PLC has a market cap of 474.63M as of 2022, a Return on Equity of 10.79%.
SITEONE LANDSCAPE SUPPLY reported their earnings results for the second quarter of 2023, showing total revenue growth of 11.3% year-over-year to reach USD 1353.7 million. However, net income dropped 11.9% to USD 124.0 million. This caused the stock price to move down that same day, indicating that investors are not pleased with the company’s performance. As such, those looking to invest in SITEONE LANDSCAPE SUPPLY need to carefully consider the company’s revenue and income growth potential before making an investment decision.