We expect the underlying market trends to remain positive and are confident in our ability to deliver superior results to our stakeholders in 2021 and beyond.” Overall, I am pleased that we are executing our strategy at a high level and gaining strength as a company, which is allowing us to take advantage of the current market developments while setting us up for continued performance and growth in the longer term. Additionally, we have added four new high-performing companies to the SiteOne family, while continuing to invest in our commercial and operational initiatives. “With favorable demand across all regions and product lines, we achieved record Organic Daily Sales growth and excellent operating leverage resulting in strong EBITDA growth. “Following our strong finish last year, we are off to a fantastic start in 2021 as our talented and seasoned teams continue to provide outstanding service and support to our customers and take advantage of the ongoing robust market demand for landscaping products and services,” said Doug Black, SiteOne’s Chairman and CEO. (the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its first quarter ended Ap(“First Quarter 2021”). Net income increased to $7.4 million from a Net loss of ($17.5) millionĪdjusted EBITDA increased to $34.5 million from a loss of ($3.6) millionĪdjusted EBITDA margin increased 610 basis points to 5.3%Ĭlosed two acquisitions: Lucky Landscape Supply and Arizona Stone and SolsticeĬlosed two acquisitions: Timberwall Landscape & Masonry Products and Melrose Irrigation Supply SG&A as a percentage of Net sales decreased by 670 basis points to 29.6% Gross profit increased 41% to $201.5 million gross margin decreased 10 basis points to 31.0%
Net sales increased by 41% to $650.2 million SiteOne Landscape Supply Announces First Quarter 2021 Earningsįirst Quarter 2021 Highlights (Compared to First Quarter 2020):
0 kommentar(er)
