Company Overview - SiteOne Landscape Supply is a leading distributor of landscape supplies in North America, serving a broad professional customer base through an extensive branch network [6][7] - The company operates a wholesale distribution model, generating revenue through direct sales of branded and third-party landscape supplies to professional customers [7] - SiteOne's offerings include irrigation supplies, fertilizer, control products, landscape accessories, nursery goods, hardscapes, and outdoor lighting products [7] Financial Performance - As of February 2, SiteOne's stock price was $144.21, with a market capitalization of $6.42 billion [4] - The company reported a revenue of $4.67 billion and a net income of $139.10 million for the trailing twelve months [4] - In its most recent quarterly report, SiteOne posted a 4% revenue growth to $1.26 billion, with gross margin expanding by 70 basis points to 34.7% [10] - Adjusted EBITDA climbed 11% to $127.5 million, and net income jumped 33%, driven by pricing, cost control, and SG&A leverage [10] Market Position - SiteOne operates in a highly fragmented $25 billion landscape supply industry, with no national competitor close to its footprint, which includes 680 branches and four distribution centers across 45 U.S. states and six Canadian provinces [9] - The company's scale, comprehensive offering, and established customer relationships provide a competitive advantage in the landscape supply industry [8][9] Investment Insights - Wilson Asset Management initiated a new position in SiteOne, acquiring 33,094 shares valued at approximately $4.12 million, representing 1.06% of its $389.64 million in reportable U.S. equity assets [2][3] - This investment is viewed as a focused bet on disciplined execution and accretive M&A rather than a core compounder [11] - Long-term investors should monitor margin durability, acquisition pacing, and SiteOne's ability to convert scale into cash flow amid a softer construction backdrop [11]

Core Insights - SiteOne Landscape Supply, Inc. (SITE) has acquired Bourget Flagstone Co., enhancing its market position in Santa Monica and surrounding areas [1][8] - This acquisition is part of SiteOne's strategy to expand its product offerings and better serve customers [2][8] - The acquisition marks SiteOne's first in 2026, following eight acquisitions completed in 2025 [3][8] Expansion Strategy - The addition of Bourget Flagstone will allow SiteOne to broaden its range of hardscape products [1][8] - SiteOne has been actively expanding its market presence, with previous acquisitions including French Broad Stone Yards, Red's Home & Garden, and Autumn Ridge Stone & Landscape Supply in 2025 [4][5] Financial Performance - In Q3 2025, SiteOne reported an adjusted EPS of $1.31, surpassing the Zacks Consensus Estimate of $1.22, and showing an increase from $0.97 per share in Q3 2024 [6] - The company achieved revenues of $1.26 billion for the September-end quarter of 2025, exceeding the Zacks Consensus Estimate of $1.25 billion, with a year-over-year revenue growth of 4% [6] Stock Performance - SiteOne's shares have increased by 6.9% over the past year, outperforming the industry average growth of 0.1% [7]