Gross profit increased 14% to $388.6 million for the Third Quarter 2022 compared to $340.5 million for the prior-year period. Acquisitions contributed $56.6 million, or 6%, to Net sales growth for the quarter. Organic Daily Sales increased 12% compared to the prior-year period primarily driven by ongoing price inflation in response to elevated product costs, partially offset by volume headwinds resulting from higher prices and softening economic conditions. Net sales for the Third Quarter 2022 increased to $1.1 billion, or 18%, compared to $936.4 million for the prior-year period. Accordingly, we expect to continue delivering exceptional performance and growth in the years ahead.” While we face economic headwinds and uncertainties going into next year, we remain very confident in our tremendous team, our balanced business, a strong balance sheet, and our ability to continue building and strengthening SiteOne through our key initiatives and acquisitions. Our acquisitions continued to perform well, contributing strongly to our overall Net Sales and Adjusted EBITDA growth for the quarter. Acquisition activity during the quarter was robust as we welcomed six new companies to SiteOne, further strengthening our teams, product lines, and market presence. “We generated very healthy Organic Daily Sales growth of 12%, driven by resilient pricing and improving volume trends supported by our commercial and operational initiatives. “Building on our very strong sales and gross margin performance during the third quarter of last year, I am pleased to report continued growth in Net sales, Gross profit and Adjusted EBITDA in the third quarter of 2022, as we remain on pace to deliver another record year for SiteOne,” said Doug Black, SiteOne’s Chairman and CEO. (the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its third quarter ended Octo(“Third Quarter 2022”). Issued 2022 Environmental, Social, and Governance (ESG) Reportīoard of Directors approved $400 million share repurchase authorization Increased size of ABL facility to $600 million from $375 million extended maturity to July 2027Ĭlosed the acquisition of Madison Block & Stone SG&A as a percentage of Net sales increased 110 basis points to 26.2%Īdjusted EBITDA increased 6% to $135.6 million Adjusted EBITDA margin was 12.3%Ĭlosed six acquisitions: River Valley Horticultural, Cape Cod Stone, Linzel Distributing, Jim Stone, Stone Plus, and Kaknes Landscape Supply Gross profit increased 14% to $388.6 million Gross margin was 35.2%

Third Quarter 2022 Highlights (Compared to Third Quarter 2021): SiteOne Landscape Supply Announces Third Quarter 2022 Earnings

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