SiteOne Landscape Supply Achieves Long-Term Goals
May 16, 2023
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SITEONE ($NYSE:SITE): SiteOne Landscape Supply has been diligently working towards achieving its long-term goals. The company is a leading wholesaler and distributor in the landscape and irrigation market, offering a broad selection of high-quality products to its customers. With their commitment to excellence and customer satisfaction, SiteOne Landscape Supply has established itself as a leader in its industry. The company has recently implemented a number of strategies to ensure that its long-term objectives are met. Through strategic acquisitions, the company has been able to expand its customer base and product offerings.
Additionally, SiteOne Landscape Supply has invested in technology, including their e-commerce platform, to further support their long-term objectives. In addition to their long-term goals, SiteOne Landscape Supply is also focused on providing top-notch customer service. Through their dedication to customer satisfaction, they have established strong relationships with their customers, which has enabled them to remain successful in their industry. Overall, SiteOne Landscape Supply has achieved long-term success through their commitment to excellence and customer satisfaction. With their strategic initiatives and investments in technology, they have been able to make significant gains in their industry, both in terms of revenue and customer satisfaction.
Share Price
On Monday, SITEONE LANDSCAPE SUPPLY stock opened at $148.4 and closed at $150.8, up by 1.5% from last closing price of 148.6. This marks a significant achievement in the company’s long-term goal of becoming a leading player in the landscaping supply industry. The increase in share price reflects investor confidence in the company’s potential to grow and expand its operations. The success of SITEONE LANDSCAPE SUPPLY is largely attributed to its commitment to providing quality products and services at competitive prices. The company has consistently delivered on its promise to provide customers with an excellent customer experience, which has enabled them to retain loyal customers while expanding their customer base. As a result, the company has been able to maintain strong growth over the years and continue to achieve its long-term goals.
The company’s long-term success has also been driven by its ability to adapt to changing market conditions, allowing it to remain competitive and profitable. SITEONE LANDSCAPE SUPPLY has also implemented innovative strategies and technologies to further enhance customer satisfaction and maximize efficiency. This combination of strategic vision and solid execution has enabled the company to remain ahead of the curve and achieve sustainable growth over the long term. All in all, SITEONE LANDSCAPE SUPPLY’s impressive performance on Monday is indicative of the company’s ability to achieve its long-term goals. The continued success of the company will be key for it to maintain its position as one of the leading players in the landscaping supply industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SITE. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | 208.6 | 5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SITE. More…
| Operations | Investing | Financing |
| 182.9 | -283 | 96.2 |
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 |
| 2.83k | 1.53k | 28.96 |
Key Ratios Snapshot
Some of the financial key ratios for SITE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | 32.2% | 7.2% |
| FCF Margin | ROE | ROA |
| 3.6% | 14.0% | 6.4% |
Analysis
At GoodWhale, we analyzed the financial performance of SITEONE LANDSCAPE SUPPLY and determined it to be a medium risk investment. Our Risk Rating system considers the financials, business aspects and more to give an overview of the company’s risk profile, and we found that SITEONE LANDSCAPE SUPPLY falls within the medium range. In addition, we detected one risk warning in the balance sheet. This can indicate potential issues with liquidity, solvency and more, so it’s important to investigate further. If you’d like to get more information, please register with us to check it out. More…
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%.
Summary
SiteOne Landscape Supply has been implementing its long-term strategies, and is now seen as an attractive investment opportunity. Analysts have praised the company’s strong financial performance, strong market position, and experienced management team. They have also highlighted the positive growth potential of SiteOne’s large customer base, extensive product portfolio, and robust supply chain.
As a result, investors are encouraged to investigate SiteOne’s future prospects and consider investing in the company. The company is well-positioned to capitalize on increasing demand for landscaping products and services, with the potential for long-term returns for investors.
