SiteOne Landscape Supply, Inc. (SITE) SEC Filings & Earnings Calls

End markets remain challenging with new residential construction down high-single digits and repair/upgrade down mid-single digits

“new residential construction is down high-single digits with repair and upgrade also down mid-single digits” · word for word

Extra week in fiscal 2026 expected to reduce Adjusted EBITDA by ~$4-5M

“the extra week... is expected to reduce Adjusted EBITDA for the year by approximately $4 million to $5 million” · word for word

Higher freight and distribution costs and deflation in certain commodity products partially offset gross margin gains

“partially offset by higher freight and distribution costs as well as deflation in certain commodity products” · word for word

Sustained pressure on end markets from high interest rates and weak consumer sentiment

“We anticipate sustained pressure on Net sales growth and Net income for the foreseeable future.” · word for word

Fuel cost inflation impacting margins

“partially offset by higher freight and distribution costs as a result of fuel inflation” · word for word

Tariff and geopolitical uncertainty

“We continue to monitor the impact on our business and the related risks and uncertainties of geopolitical conflicts, interest rate changes, tariffs, labor market conditions, and workforce availability” · word for word

Macroeconomic uncertainty and weak consumer sentiment

“The first quarter of 2026 was characterized by continued economic uncertainty and weak consumer sentiment related to current geopolitical conflicts, inflation and affordability concerns, and elevated interest rates.” · word for word

Geopolitical conflict impact on energy costs

“oil prices have increased significantly in response to the conflict in the Middle East, resulting in rising energy costs and corresponding negative impacts on discretionary spending.” · word for word

Demand weakness from weather and macro uncertainty; new residential construction and repair/upgrade markets softening.

“Organic Daily Sales decreased 1% due to unfavorable weather; end market demand expected down modestly for full year 2026.”

53rd week in FY2026 expected to reduce Adjusted EBITDA by $4-5 million.

“The extra week occurs in December...is expected to reduce Adjusted EBITDA for the year by approximately $4 million to $5 million.” · word for word

Commodity price deflation

“Despite a persistently unfavorable operating environment, market uncertainty, and commodity price deflation” · word for word

Low organic growth

“Organic Daily Sales Increased 1% compared to 2024” · word for word

Loss of experienced executive in Strategy and Development, though internal promotion mitigates risk

“Scott Salmon retires as EVP Strategy and Development; Daniel Laughlin promoted internally”

Residential construction cyclicality

“We have experienced continued and persistent softening of the residential construction sector, including in high growth markets across the Sunbelt, as a result of home price inflation and higher mortgage rates during the past several fiscal years.” · word for word

Commodity price deflation

“In a declining price environment, including the commodity price deflation experienced in our 2024 and 2025 Fiscal Years, we may be required to lower prices, which can reduce Net sales and adversely affect results even if volumes remain stable.” · word for word

Tariff and trade policy risk

“trade policies and related government actions, including the imposition, increase, or extension of tariffs on goods imported into the United States, can further amplify price volatility and result in supplier price increases (such as the lighting and irrigation product price increases we experienced during the 2025 Fiscal Year).” · word for word

Weather and climate risk

“demand for our products was negatively impacted by Hurricanes Helene and Milton in our southeastern market.” · word for word

Softer demand in new residential construction and repair/upgrade end markets

“partially offset by softer demand in the new residential construction and repair and upgrade end markets” · word for word

Higher freight and logistics costs pressuring gross margin

“partially offset by higher freight and logistics costs supporting our growth” · word for word

Effective tax rate expected to increase to 25-26% in 2026 from 22.5% in 2025

“We currently expect our 2026 effective tax rate to be between 25.0% and 26.0%” · word for word

End-market softness expected to persist; branch consolidation charges of $4M-$6M in Q4.

“We expect the end-market softness to persist through the end of the year.” · word for word

Full-year guidance lowered due to soft demand and restructuring charges.

“We now expect our full year Adjusted EBITDA to be in the range of $405 million to $415 million.” · word for word

Prolonged housing market weakness

“Elevated interest rates, weakened consumer confidence, low existing home sales... resulted in softer demand in the new residential construction and repair and upgrade end markets.” · word for word

Tariff-driven inventory and cash flow pressure

“Net cash provided by operating activities decreased... primarily driven by earlier purchases of inventory ahead of tariffs.” · word for word

Persistent price deflation in key categories

“persistent grass seed and PVC pipe price deflation” · word for word