SiteOne Landscape Supply (SITE) Tops Q4 EPS by 33c, Issues 2022 EBITDA Guidance
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SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2021 Earnings
February 16, 2022 6:00 AM ESTFourth Quarter 2021 Highlights (Compared to Fourth Quarter 2020):
Net sales increased by 19% to $805.2 million Organic Daily Sales increased by 21% Gross profit increased 27% to $282.4 million; gross margin increased 220 basis points to 35.1% SG&A as a percentage of Net sales increased by 70 basis points to 30.7% Net income increased to $27.5 million from $11.5 million Adjusted EBITDA increased by 41%, to $61.8 million Adjusted EBITDA margin increased 120 basis points to 7.7% Closed two acquisitions: Semco Stone and Seffner Rock & GravelFull Year 2021 Highlights (Compared to Full Year 2020):
Net sales increased by... More