Financial Performance - Q1 2025 - Net sales increased by 4% year-over-year to $939.4 million[25, 27, 28] - Gross profit increased by 3% to $309.8 million, but gross margin contracted by 30 basis points to 33.0%[25, 27, 31] - Adjusted EBITDA increased by 6% to $22.4 million, with margin improving by 10 basis points to 2.4%[25, 27, 30] - Net loss attributable to SiteOne was $27.3 million, compared to a net loss of $19.3 million in the prior year[25, 27, 29] - Organic Daily Sales decreased by 1% due to a later start to the spring selling season, lower commodity prices, and softer repair and remodel demand[25, 31] Acquisitions and Growth - Acquired sales contributed $45.1 million, representing 5% of the overall growth rate[31] - Completed the acquisitions of Green Trade Nursery and Pacific Nurseries[24, 25] - Since 2014, the company has acquired 100 companies, adding approximately $2,005 million in annualized net sales[33] Balance Sheet and Cash Flow - Cash used in operating activities increased by $30.3 million to $129.6 million, reflecting early purchases of inventory[25, 32] - Net debt was $580.4 million, resulting in a net debt to Adjusted EBITDA leverage ratio of 1.5x[32] Outlook - Full year Adjusted EBITDA is expected to be in the range of $400 million to $430 million[43]

Core Viewpoint - Colgate-Palmolive Company reported first-quarter 2025 results with earnings and sales exceeding expectations, driven by organic sales growth, strong volume and pricing performance, and gross profit margin expansion [1][2][3] Financial Performance - Earnings on a Base Business basis were 91 cents per share, a 6% increase year over year, surpassing the Zacks Consensus Estimate of 86 cents [2] - Net sales totaled $4,911 million, a 3.1% decline from the previous year but above the Zacks Consensus Estimate of $4,855 million; organic sales grew by 1.4% despite a 4.4% negative impact from foreign exchange [3][4] - Gross profit was $2,987 million, down from $3,039 million year over year, but gross profit margin expanded by 80 basis points to 60.8% [6] - Operating profit increased to $1,076 million from $1,047 million year over year, with an operating profit margin expansion of 120 basis points to 21.9% [7] Segment Performance - North America's net sales, accounting for 20% of total sales, decreased by 3.6% year over year; Latin America's net sales fell by 8.7% due to currency impacts, although organic sales rose by 4% [8] - Europe's net sales increased by 2.5% year over year, driven by volume and pricing gains, while the Asia Pacific segment saw a 5% decline in net sales [9] - Africa/Eurasia's net sales dipped by 1.5% year over year, but organic sales advanced by 1.8% [10] - Hill's Pet Nutrition's net sales improved by 1.5% year over year, with a 3.2% rise in pricing [11] Cash Flow and Debt - The company ended the first quarter with cash and cash equivalents of $1,112 million and total debt of $8,269 million; net cash provided by operating activities was $600 million [12] 2025 Outlook - Colgate projects low single-digit growth in net sales, with an anticipated adverse impact from foreign exchange; organic sales growth is now expected to be between 2-4% [13][15] - The company anticipates earnings per share to increase in low single digits, with gross profit margin and advertising investment remaining stable as a percentage of sales [15][16] Stock Performance - Colgate's shares have risen by 2.1% over the past three months, contrasting with a 1.9% decline in the industry [17]