SiteOne Landscape Supply (SITE) Misses Q4 EPS by 6c

SiteOne Landscape Supply (NYSE: SITE) reported Q4 EPS of ($0.14), $0.06 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $361.8 million versus the consensus estimate of $355.5 million.

Fourth Quarter 2016 Highlights:

• Net sales increased by 6% year-over-year to $361.8 million
• Organic Sales decreased by 3%, but Organic Daily Sales increased by 3%
• Gross profit increased 7% to $111.8 million; gross margin was 30.9%
• Net loss of $5.6 million during seasonally weak quarter, compared to a net loss of $5.9 million during the same period last year
• Adjusted EBITDA decreased slightly to $11.2 million, compared to $11.9 million for the prior year period
• Completed the acquisitions of Loma Vista Nursery and East Haven Landscape Products

Outlook

For 2017, we expect Adjusted EBITDA to be in the range of $155 million to $165 million.

For earnings history and earnings-related data on SiteOne Landscape Supply (SITE) click here.

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