SITEONE LANDSCAPE SUPPLY Reports Q2 Earnings Results for FY2023

August 27, 2023

🌥️Earnings Overview

On August 2 2023, SITEONE LANDSCAPE SUPPLY ($NYSE:SITE) reported their earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for the period was USD 1353.7 million, a rise of 11.3% year-over-year, while net income decreased by 11.9% amounting to USD 124.0 million.

Market Price

Their stock opened at $171.1 per share and closed at $162.2, a drop of 6.8% from the prior closing price of 174.0. This marked a steep decline from their first quarter earning results which had seen a 4% increase in their stock prices. Company analysts attributed this drop in stock prices to the continued weak market conditions across the industry, as well as the negative impacts of the ongoing pandemic on the landscape supply sector.

Despite these challenging times, SITEONE LANDSCAPE SUPPLY remains the leader in its field, with its strong portfolio of products and services continuing to draw customers from around the world. The company remains optimistic about its future prospects, believing that their financial health and market position will be bolstered by a return to more normal economic activity. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for SITE. More…

    Total Revenues Net Income Net Margin
    4.18k 191.9 4.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for SITE. More…

    Operations Investing Financing
    342 -214.6 -107.5
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for SITE. More…

    Total Assets Total Liabilities Book Value Per Share
    2.87k 1.44k 31.85
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for SITE are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    19.3% 23.2% 6.5%
    FCF Margin ROE ROA
    7.3% 12.5% 5.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale recently conducted an analysis of SITEONE LANDSCAPE SUPPLY’s wellbeing. Our risk rating shows that SITEONE LANDSCAPE SUPPLY is a medium risk investment in terms of financial and business aspects. We detected 1 risk warning in the balance sheet but it is only available to registered users. If you are interested in finding out more, please become a registered user on GoodWhale today. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    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.

    – MAX Co Ltd ($TSE:6454)

    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 recently reported its earnings results for the second quarter of 2023, showing total revenue of USD 1353.7 million, an increase of 11.3% compared to the previous year, and net income of USD 124.0 million, a decrease of 11.9% compared to the prior year. Following the announcement, the company’s stock price went down. Investors may want to take this into consideration when analyzing SITEONE LANDSCAPE SUPPLY’s performance. Although total revenue and net income both increased year-over-year, the decrease in net income could be a sign of slowing future growth and profitability.

    It is also important to consider the competitive landscape and potential risk factors as they can affect the company’s profitability. As such, investors should conduct further research on SITEONE LANDSCAPE SUPPLY before making any investment decisions.

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