Financial Performance - Net revenue increased to $1.6 billion, a 6.9% increase compared to Q2 2024[17] - Adjusted EBITDA increased to $284 million, a 15.0% increase compared to Q2 2024[17] - Adjusted EBITDA margin increased by 120 bps to 17.8%[17] - Adjusted EPS increased to $1.36, a 21.4% increase compared to Q2 2024[17] Revenue Breakdown - Net revenue from the US was $820 million in Q2 2025[20] - Net revenue from Canada was $394 million in Q2 2025, a 6.2% increase compared to Q2 2024[25] - Net revenue from Global operations was $383 million in Q2 2025, a 10.5% increase compared to Q2 2024[32] - Organic revenue growth was 4.8%[17] - Acquisition revenue growth was 0.8%[17] Acquisitions and Growth - Acquired Page, a 1,400-person US-based architecture and engineering firm[8] - Acquired Cosgroves, a 90-person firm in New Zealand[9] - Acquired Ryan Hanley, a 150-person engineering and environmental consultancy firm in Ireland[10] - Stantec team grows to over 34,000 with these acquisitions[11] Backlog - Backlog increased to $7.9 billion, a 9.9% year-over-year organic growth[53]

Second Quarter 2025 Financial Performance - Net sales increased by 3% to $1,461.6 million compared to the second quarter of 2024[27, 28] - Gross profit increased by 4% to $531.4 million, with gross margin improving 30 basis points to 36.4%[25, 27] - Net income attributable to SiteOne increased 7% to $129.0 million[25, 27] - Adjusted EBITDA increased 8% to $226.7 million, and the margin improved 60 basis points to 15.5%[25, 27] - Acquired sales contributed $40.9 million, representing 3% to the overall growth rate[29] Balance Sheet and Cash Flow - Working capital increased to $1,061.7 million[30] - Cash provided by operating activities was $136.7 million[30] - Share repurchases amounted to $54.3 million[25, 30] - Net debt was $531.6 million, with a leverage ratio of 1.3x Net debt / Adjusted EBITDA[30] Acquisitions and Growth Strategy - The company acquired Grove Nursery and Nashville Nursery[24] - Green Trade Nursery acquisition was completed[25] - Full year Adjusted EBITDA is expected to be in the range of $400 million to $430 million[44]