Siteone Landscape Supply (SITE)

Loop Capital updates rating for SiteOne Landscape Supply ( $SITE ) to Buy, target set at 150 → 160.

$SITE bullish

$SITE monthly chart: a crude bullish divergence on the RSI and a MACD trying to curl. Would like to see it break through the multi year trendline resistance.

$SITE SiteOne Landscape reports Q2 EPS $2.86, consensus $2.93 -- Q2 revenue $1.46B, consensus $1.47B. -- Sees FY25 adjusted EBITDA $400M-$430M

$SITE MSC Industrial (MSM) Q3 Earnings and Revenues Beat Estimates PT 125

$QXO would be wild if he is making a run at $POOL or $BLDR both $11B mkt caps. $SITE has to be on the radar too

Stifel has updated their rating for SiteOne Landscape Supply ( $SITE ) to Hold with a price target of 120.

$SITE SiteOne Landscape sees FY25 adjusted EBITDA $400M-$430M "While the direct impact of tariffs is relatively small and manageable, the potential impact of ongoing uncertainty related to tariffs, inflation, and interest rates on consumer confidence and end market demand remains to be seen. Against this backdrop, we expect commodity price deflation to continue moderating in 2025 with declines in products like PVC pipe mitigated by increases across our other products. Overall, with the impact of tariffs, we currently expect pricing, which was down 1% in the first quarter, to be flat to slightly up for the full year 2025," CEO Black continued. "In terms of end markets, we expect overall demand to be flat to slightly down with solid growth in maintenance, which represents 35% of our business, continued soft repair and upgrade demand, and resilient but uncertain demand in new residential and new commercial construction. With the benefit of our commercial initiatives, we continue to expect sales volume to be positive, yielding low single-digit Organic Daily Sales growth for the full year. With the strong actions taken in 2024 to reduce cost combined with our operational initiatives, ongoing SG&A management, and contributions from acquisitions, we continue to expect to increase Adjusted EBITDA margin in 2025. Given these trends, we continue to expect our full year Adjusted EBITDA to be in the range of $400 million to $430 million. Our guidance does not include any contributions from unannounced acquisitions."

$SITE SiteOne Landscape reports Q1 EPS (61c), consensus (43c) Reports Q1 revenue $939.4M, consensus $934.6M. "We are pleased to report a solid start to 2025, with total sales growth of 4% and Adjusted EBITDA growth of 6%. We were particularly pleased to achieve good SG&A leverage in our base business on an adjusted basis despite the Organic Daily Sales decline," said Doug Black, SiteOne's Chairman and CEO. "With the current uncertainty in the market, we are focused on delivering a solid year of performance and growth with strong cost control, good gross margin management, and by continuing to gain market share through our commercial initiatives. We also continue to execute our acquisition strategy with the addition of two high-performing companies year-to-date and with a robust pipeline of additional target companies. As we look ahead, we remain confident in our ability to navigate the current market conditions, execute our plans, and deliver superior value to our customers and suppliers to achieve excellent long-term value for our shareholders through organic growth, acquisition growth and Adjusted EBITDA margin expansion."