NYSE:SITETrade Distributors
Why SiteOne (SITE) Is Down 13.4% After Margin Gains Amid Flat Sales And Reinders Deal
In the first quarter of 2026, SiteOne Landscape Supply reported essentially flat sales of US$940.1 million and a net loss of US$26.6 million, while delivering 14% adjusted EBITDA growth through gross margin gains and tighter cost control.
The company also closed its acquisition of Reinders, a Midwest irrigation and agronomics distributor, which management believes offers meaningful synergy potential and supports its acquisition-led expansion.
With that context, we’ll now examine how margin...