Exhibit 99.1 October 30, 2024 SiteOne Landscape Supply Announces Third Quarter 2024 Earnings Third Quarter 2024 Highlights (Compared to Third Quarter 2023): · Net sales increased 6% to $1.21 billion · Organic Daily Sales decreased 1% · Gross profit increased 6% to $411.0 million; gross margin improved 10 basis points to 34.0% · SG&A as a percentage of Net sales increased 170 basis points to 28.9% · Net income attributable to SiteOne decreased $12.9 million to $44.4 million · Adjusted EBITDA decreased 4% to ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ FORM 10-Q __________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From __________ to ___________ Commission file number: 001-37760 SiteOne Landscape Supply, Inc. (E ...

Wall Street expects a year-over-year decline in earnings on higher revenues when SiteOne Landscape (SITE) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better ...

I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea. Analyst's ...

SITE Centers Corp. (SITC) has provided an update on its transaction and financing activities in the third quarter of 2024 through Sept. 17, 2024. It also issued an updated projected SITE Centers and Curbline Properties balance sheet information. In a recent update, SITE centers disclosed that from the beginning of the third quarter of 2024 through Sept. 17, 2024, it has sold 13 wholly-owned shopping centers for $714.3 million. This retail REIT also purchased six convenience properties for a gross price of $ ...

In a recent update, SITE Centers Corp. (SITC) has announced that from the beginning of the third quarter of 2024 through Aug. 29, 2024, it has sold 11 wholly-owned shopping centers for $552.7 million. This retail REIT also purchased four convenience properties for a gross price of $88 million. This included Crocker Commons in Cleveland, OH; Maple Corner in Nashville, TN; Village Plaza in Houston, TX; and Brookhaven Station in Atlanta, GA. As previously announced, the company has successfully closed and fund ...

SiteOne Landscape (SITE) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.20%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.43, delivering a surprise of -59.26%. Over the last four quarters, the company ...

Exhibit 99.1 SiteOne Landscape Supply Announces Second Quarter 2024 Earnings Second Quarter 2024 Highlights (Compared to Second Quarter 2023): · Closed one acquisition: Millican Nurseries · Refinanced and extended the maturity of term loan "In early June, we communicated that our Organic Daily Sales for the second quarter were trending down 4% to 5% reflecting softer end market demand and continued price deflation. Given that trend, we were pleased to see conditions improve in June and achieve an Organic Da ...

Financial Performance - The company achieved net sales growth of 4% and 6% for the three and six months ended June 30, 2024, primarily driven by positive contributions from acquisitions [81]. - Organic Daily Sales decreased by 3% and 2% for the three and six months ended June 30, 2024, primarily due to commodity price deflation, which is estimated to have reduced Organic Daily Sales by 3% [81]. - Net income attributable to common shares decreased to $120.2 million and $100.9 million for the three and six months ended June 30, 2024, compared to $124.0 million and $119.5 million for the same periods in 2023 [81]. - Gross margin decreased by 10 and 40 basis points for the three and six months ended June 30, 2024, respectively, primarily due to lower price realization [81]. - Selling, general and administrative expenses (SG&A) increased by 7% and 10% for the three and six months ended June 30, 2024, respectively, primarily due to the impact of acquisitions [81]. - The company reported net sales of $1,413.9 million for the three months ended June 30, 2024, compared to $1,353.7 million for the same period in 2023, reflecting a year-over-year increase of 4.4% [98]. - Gross profit for the three months ended June 30, 2024, was $510.3 million, representing a gross margin of 36.1%, slightly down from 36.2% in the prior year [98]. - The company achieved a net income of $120.6 million for the three months ended June 30, 2024, which is 8.5% of net sales, compared to 9.2% in the prior year [98]. - Net sales for Q2 2024 reached $1,413.9 million, a 4.4% increase compared to $1,353.7 million in Q2 2023 [120]. - Gross profit for Q2 2024 was $510.3 million, a 4% increase from $489.4 million in Q2 2023, while gross margin decreased to 36.1% from 36.2% [122]. - Net income attributable to common shares for Q2 2024 was $120.2 million, compared to a loss of $19.3 million in Q1 2024 [129]. Tax and Financial Obligations - The company's effective tax rate was approximately 23.0% for the six months ended June 30, 2024, down from 23.8% for the same period in 2023, primarily due to an increase in excess tax benefits from stock-based compensation [72]. - The company recorded excess tax benefits of $2.8 million for the six months ended June 30, 2024, compared to $1.9 million for the same period in 2023 [72]. - The effective tax rate decreased to 23.0% for the six months ended June 30, 2024, down from 23.8% for the same period in 2023 [123]. - The company recognized excess tax benefits of $2.8 million for the six months ended June 30, 2024, compared to $1.9 million for the same period in 2023 [123]. - The total amount of interest on long-term debt increased to $124.9 million as of June 30, 2024, primarily due to increased borrowings under the ABL Facility [162]. - The interest rate on the outstanding balance of the New Term Loans was 7.45841% as of June 30, 2024 [169]. - The Tranche B Term Loans bear interest at either an adjusted Term SOFR rate plus an applicable margin of 1.75% or an alternative base rate plus an applicable margin of 0.75% [172]. - The interest rate on outstanding balances under the ABL Facility ranged from 6.55130% to 6.55252% as of June 30, 2024 [177]. - The commitment fee paid on unfunded amounts under the ABL Facility was 0.25% as of June 30, 2024 [177]. Acquisitions and Growth Strategy - The company has a robust acquisition pipeline and remains committed to driving growth organically and through acquisitions [63]. - In August 2023, the company acquired Pioneer Landscape Centers, Inc. and JLL Pioneer LLC, expanding its presence with 34 locations across Colorado and Arizona [94]. - The company has made several acquisitions in 2023, including Timothy's Center for Gardening and New England Silica, to strengthen its distribution network [94]. Operational Initiatives - The company has implemented marketing initiatives focusing on customer analytics, digital marketing strategy, and a new Partners Program to enhance customer engagement [97]. - Operational excellence initiatives are being pursued, including best practices in branch operations and enhanced automation of branch systems [97]. - The company is focusing on supply chain initiatives, including new inventory planning systems and expanding distribution network capabilities [115]. - Future strategies include enhancing the B2B e-Commerce platform and improving sales and delivery processes through local branch collaboration [115]. Market Conditions and Risks - The company continues to monitor market conditions and geopolitical risks, including the ongoing war in Ukraine and unrest in the Middle East, which may impact business operations [104]. - The company expects prices to be down approximately 3% for the 2024 Fiscal Year, which is higher than the initial anticipated range of 1% to 2% [81]. Cash Flow and Capital Management - The company had total cash and cash equivalents of $71.9 million and total gross long-term debt of $485.6 million as of June 30, 2024 [134]. - Working capital increased by $179.6 million to $1,006.6 million as of June 30, 2024, compared to $827.0 million as of December 31, 2023 [135]. - Net cash used in investing activities was $119.8 million for the six months ended June 30, 2024, up from $74.9 million for the same period in 2023 [137]. - Net cash provided by operating activities decreased to $48.1 million for the six months ended June 30, 2024, compared to $101.2 million for the same period in 2023 [148]. - The company repurchased 128,922 shares at an average price of $153.84 during the three and six months ended June 30, 2024, with $343.8 million remaining under the share repurchase authorization [145]. - The borrowing base capacity under the ABL Facility was $470.6 million as of June 30, 2024, down from $578.2 million as of December 31, 2023 [134]. - Total finance lease obligations (excluding interest) amounted to $115.3 million as of June 30, 2024 [134]. - Cash used in investing activities amounted to $(119.8) million for the six months ended June 30, 2024, compared to $(74.9) million for the same period ended July 2, 2023, indicating an increase in investment outflows [163]. - Cash provided by financing activities was $61.4 million for the six months ended June 30, 2024, compared to $14.0 million for the same period ended July 2, 2023, reflecting a significant increase in financing [163]. - The ability of subsidiaries to make distributions and dividends depends on their operating results, cash requirements, financial condition, and general business conditions [181]. - The company entered into an additional $120.0 million of New Term Loans on July 12, 2023, to enhance its financing capabilities [167]. - The Second Amendment to the Second Amended and Restated Credit Agreement provides for an aggregate principal amount of approximately $392.7 million in term loans [172].

Core Insights - The upcoming earnings report for SiteOne Landscape is expected to show a year-over-year decline in earnings despite an increase in revenues, which could significantly impact stock price depending on actual results compared to estimates [4][7]. Earnings Estimates - The consensus EPS estimate for SiteOne Landscape is projected at $2.50 per share, reflecting a year-over-year decrease of 7.8% [8]. - Revenues are anticipated to reach $1.38 billion, representing a 2% increase from the same quarter last year [5]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised down by 2.42%, indicating a reassessment by analysts [2]. - The Most Accurate Estimate for SiteOne Landscape is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.41%, suggesting a more optimistic outlook from analysts [18]. Historical Performance - In the last four quarters, SiteOne Landscape has beaten consensus EPS estimates twice [11]. - The company had a significant negative surprise in the last reported quarter, where it was expected to post a loss of $0.27 per share but actually reported a loss of $0.43, resulting in a surprise of -59.26% [20]. Investment Considerations - Despite the positive Earnings ESP, SiteOne Landscape does not appear to be a compelling earnings-beat candidate, and investors should consider other factors before making investment decisions [22].