SiteOne Landscape Supply Announces Fourth Quarter and Full Year 2025 Earnings

Core Insights - SiteOne Landscape Supply reported a net sales increase of 4% to $4.70 billion for the full year 2025, compared to $4.54 billion in 2024, driven by organic daily sales growth and acquisitions [1][2] - The company closed eight acquisitions during 2025, contributing approximately $110.7 million to net sales growth [1] - Adjusted EBITDA for the full year 2025 increased by 10% to $414.2 million, with an adjusted EBITDA margin improvement of 50 basis points to 8.8% [1][2] Fourth Quarter 2025 Highlights - Net sales for Q4 2025 rose to $1.05 billion, a 3% increase from $1.01 billion in Q4 2024 [1] - Gross profit increased by 6% to $356.8 million, with a gross margin improvement of 80 basis points to 34.1% [1] - Adjusted EBITDA for Q4 2025 was $37.6 million, an 18% increase from $31.8 million in Q4 2024 [1] Full Year 2025 Financial Performance - Net income attributable to SiteOne increased by 23% to $151.8 million, compared to $123.6 million in 2024 [1] - SG&A expenses as a percentage of net sales decreased by 40 basis points to 30.1% [1] - Cash provided by operating activities increased by $17.1 million to $300.5 million [1] Balance Sheet and Liquidity - Net debt at year-end was $329.6 million, down from $411.7 million at the end of 2024, with a net debt to adjusted EBITDA ratio of 0.8x [1] - Cash and cash equivalents as of December 28, 2025, were $190.6 million, with available capacity under the ABL Facility at $577.8 million [1] Outlook for 2026 - The company expects overall prices to increase by 1% to 3% in 2026, with organic daily sales growth projected to be low single-digit [2] - Adjusted EBITDA for fiscal year 2026 is anticipated to be in the range of $425 million to $455 million, accounting for an extra week in the fiscal year [2]