SiteOne Landscape ( (SITE) ) has released its Q1 earnings. Here is a breakdown of the information SiteOne Landscape presented to its investors.
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SiteOne Landscape Supply, Inc. is a leading wholesale distributor of landscaping supplies, offering a wide range of products including irrigation supplies, hardscapes, and nursery goods to green industry professionals primarily in the United States.
In its latest earnings report for the quarter ending March 30, 2025, SiteOne Landscape Supply reported net sales of $939.4 million, a slight increase from the previous year. However, the company faced a net loss of $27.5 million, compared to a loss of $19.3 million in the same quarter last year.
Key financial highlights include a gross profit of $309.8 million and a significant increase in inventory levels, which rose to $1,032.1 million from $827.2 million at the end of 2024. The company also reported an increase in operating expenses, which contributed to the operating loss of $29.5 million. Despite these challenges, SiteOne continues to expand its footprint with strategic acquisitions, including the recent purchase of Pacific Nurseries.
Looking ahead, SiteOne Landscape Supply remains focused on executing its growth strategies and managing operational efficiencies. The company is optimistic about its ability to navigate market challenges and capitalize on opportunities in the landscaping supply industry.