SiteOne announces $1.53 billion in Q2 sales

• SiteOne reported a 5% increase in second-quarter net sales, reaching $1,530.7 million.
• Net income attributable to the company rose 8% to $139.3 million, and adjusted EBITDA increased 5% to $237.2 million.
• The company allocated capital toward consolidating assets and returning value, buying out Devil Mountain Wholesale Nursery and repurchasing over $100 million in shares across the period.

SiteOne Landscape Supply (NYSE:SITE) announced its second-quarter 2026 financial results, anchored by a 5% increase in net sales to $1,530.7 million.

The company expanded its gross margin by 50 basis points to 36.9%, driving a 6% increase in gross profit to $564.5 million.

Organic daily sales grew by 1%, while cash provided by operating activities increased by $16.5 million to total $153.2 million.

During the quarter, the company amended its ABL facility to extend the maturity to April 2031, repurchased $93.8 million in stock, and acquired the remaining 25% interest in Devil Mountain Wholesale Nursery.

After the quarter closed, the business maintained its capital return program by repurchasing an additional $10.0 million of shares.

Selling, general, and administrative expenses increased by 30 basis points to 24.2% of net sales, alongside an Adjusted EBITDA margin of 15.5%.