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SITE Strengthens Its Michigan Presence With Autumn Ridge Acquisition
SiteOneSiteOne(US:SITE) ZACKSยท2025-10-01 15:21

Core Insights - SiteOne Landscape Supply, Inc. (SITE) has acquired Autumn Ridge Stone & Landscape Supply, enhancing its market position in Western Michigan [1][9] - This acquisition is part of SITE's strategy to expand its market presence and product offerings, marking its fifth acquisition in 2025 [2][9] Company Expansion - Autumn Ridge operates from Holland, MI, and will benefit from SITE's extensive resources and product range, while contributing its hardscape expertise [2][9] - SITE's recent acquisitions also include Nashville Nursery and Landscape Supply and Grove Nursery, aimed at strengthening its nursery presence and expanding product offerings [3] Financial Performance - In Q2 2025, SITE reported an adjusted EPS of $2.86, slightly below the Zacks Consensus Estimate of $2.89, with revenues of $1.46 billion, reflecting a 3.4% year-over-year increase [4] - Comparatively, peers in the Industrial Services industry, such as ScanSource, Inc. and MSC Industrial Direct Company, reported varying earnings and revenue performances, indicating a competitive landscape [5][7][8]