Welcome to our dedicated page for SiteOne Landscape Supply news (Ticker: SITE), a resource for investors and traders seeking the latest updates and insights on SiteOne Landscape Supply stock.
SiteOne Landscape Supply, Inc. (SITE) stands as the premier national wholesale distributor of landscaping products in the United States and Canada. Formerly operating under the name John Deere Landscapes, SiteOne has cemented its reputation as a pivotal resource for residential and commercial landscape professionals. Our clients range from those focusing on the design and installation of outdoor spaces to experts in lawn maintenance, garden care, golf course upkeep, and a variety of other landscaping applications.
Our expansive network encompasses over 460 branches spread across 44 states and five Canadian provinces. We take pride in offering a comprehensive selection of more than 90,000 products. These include irrigation supplies, fertilizers and control products, nursery goods, hardscapes, landscape lighting, drainage and erosion control products, tools, and a wide array of other landscaping accessories and supplies.
SiteOne is committed to providing unparalleled service through our world-class team of over 2,700 industry experts. We offer industry-leading complementary services and business assistance aimed at helping our customers grow and manage their businesses effectively. Our product portfolio is tailored to meet the specific needs of each customer, ensuring that they have access to the best resources available.
Recent achievements and ongoing projects reflect our dedication to innovation and customer satisfaction. We continue to expand our range of products and services to meet the evolving demands of the landscaping industry. Our financial stability and strategic partnerships further solidify our position as a leader in the market.
SiteOne Landscape Supply is not just a supplier; we are a partner in growth, providing solutions that empower our customers to achieve success in their landscaping projects. Stay informed about our latest developments and updates to see how we continue to shape the future of the landscaping industry.
SiteOne Landscape Supply (NYSE: SITE) announced the acquisition of Hardscape.com, a leading distributor of hardscape products in the U.S. and Canada. Hardscape.com, which operates from four Florida locations, specializes in outdoor porcelain pavers and holds exclusive rights to Saxa Gres Italian porcelain products. This acquisition enhances SiteOne's offerings in Florida and supports its national premium hardscapes strategy. This marks SiteOne's third acquisition in 2024, aligning with their goal to extend market reach and services for landscape professionals. Both companies express enthusiasm for growth and innovation through this partnership.
SiteOne Landscape Supply (NYSE: SITE) announced participation in the William Blair Growth Stock Conference. Chairman and CEO Doug Black, along with CFO John Guthrie, will present on June 4, 2024, at 8:40 a.m. CT (9:40 a.m. ET) in Chicago. The presentation will be available via live webcast on the company's Investor Relations website.
SiteOne Landscape Supply reported its first quarter 2024 earnings with a 8% increase in net sales to $904.8 million. Gross profit increased by 5% to $301.2 million, although gross margin contracted. The company closed two acquisitions post-quarter and expects commodity price deflation to impact results, with a focus on organic sales growth and EBITDA margin improvement.
SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired a majority stake in Devil Mountain Wholesale Nursery, , the largest distributor of landscape trees and plants in California. This strategic move allows SiteOne to expand its product line and geographic reach in the Western US, solidifying its position as a leader in the landscape supply industry. The acquisition marks SiteOne's commitment to growth and customer satisfaction, further enhancing its portfolio and market presence.
SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Eggemeyer, a wholesale distributor of bulk landscape supplies in Texas, strengthening its position in the central Texas market. This marks SiteOne's first acquisition in 2024, aiming to enhance product offerings and services for customers. Eggemeyer's leadership and team will join SiteOne, providing growth opportunities for employees.
FAQ
What is the current stock price of SiteOne Landscape Supply (SITE)?
What is the market cap of SiteOne Landscape Supply (SITE)?
What is SiteOne Landscape Supply, Inc.?
What products does SiteOne Landscape Supply offer?
How many branches does SiteOne Landscape Supply have?
Who are the primary clients of SiteOne Landscape Supply?
What services does SiteOne Landscape Supply provide?
How many industry experts does SiteOne Landscape Supply employ?
What recent achievements has SiteOne Landscape Supply accomplished?
What was SiteOne Landscape Supply formerly known as?
What is the significance of SiteOne Landscape Supply in the industry?
How can I stay updated with SiteOne Landscape Supply's latest news?
