SiteOne margins expand as acquisition drive offsets seasonal net loss

SiteOne Landscape Supply (NYSE:SITE) reported a 3% increase in fourth-quarter net sales to $1.05 billion, as the company leveraged strategic acquisitions and improved pricing to navigate a seasonally slow period.

While the company posted a net loss of $9 million for the quarter, it achieved an 18% jump in adjusted EBITDA, reflecting a significant improvement in operational efficiency.

The Roswell, Georgia-based distributor saw its gross margin climb 80 basis points to 34.1% in the fourth quarter, fueled by better price realization and a moderating commodity deflation environment.

For the full fiscal year 2025, net sales reached a record $4.70 billion, a 4% increase over the prior year.

A key pillar of SiteOne’s growth remains its aggressive M&A engine.

During the fourth quarter, the company closed three acquisitions—Red’s Home & Garden, CC Landscaping Warehouse Plus, and French Broad Stone Yards.

These additions helped offset a "choppy" organic market where daily sales grew by a modest 2%.

For the full year, the company completed eight acquisitions, contributing approximately $55 million in trailing twelve-month net sales.

Management also displayed a commitment to shareholder returns, repurchasing $40 million in shares during the quarter and $97.7 million for the full year.