Investor’s Watch List: SiteOne Landscape Supply, Inc. (NYSE: SITE)

Shares of SiteOne Landscape Supply, Inc. (NYSE: SITE) closed with decline of -4.50 percent to $80.89. Recent traded volume was 462,642 shares versus to it an average volume of 362,565 shares. The company holds 40.2 million shares outstanding and market cap of 3.252 billion. The stock’s day range was recorded between a low of $80.23 and a high $83.96. The one year high of the company is $95.49 and the one year low is $48.19.

SiteOne® Landscape Supply, Inc. (SITE) reported earnings for its 1^st quarter ended April 1, 2018 (“1^st Quarter 2018”).

1^st Quarter 2018 Results

Net sales for the 1^st Quarter 2018 rose to $371.4M, or 11 percent, contrast to $335.0M for the prior-year period. Organic Daily Sales raised 3 percent contrast to the prior-year period driven by strength in our irrigation, hard capes and ice melt product sales and positive pricing for the quarter. Partially offsetting the sales growth was the unfavorable weather patterns in March which negatively influenced nursery, fertilizer and control product sales. Acquisitions contributed about $27.9M in sales, or 8 percent, to overall growth for the quarter.

Gross profit rose to $108.5M, or 8 percent, contrast to $100.9M for the prior-year period. Gross margin declined by 90 bps to 29.2 percent for the 1^st Quarter 2018. The decline in gross margin was Because of the rollout of the new distribution centers and the adoption of the new revenue standard which influenced the timing of revenue and expense recognition for our consumer loyalty rewards program.

Selling, general and administrative expenses (“SG&A”) in the 1^st Quarter 2018 rose to $131.7M from $113.7M in the same period last year Because of the additional contribution from acquisitions and continued investment in e-Commerce.

Net loss for the 1^st Quarter 2018 was $17.0M, contrast to a net loss of $10.5M during the same period in the previous year. The net loss for the quarter is attributable to the seasonality of the business as well as continued investments in the Company.

Adjusted EBITDA reduced to a loss of $5.1M for the 1^st Quarter 2018, contrast to Adjusted EBITDA of $1.2M for the prior-year period.

Outlook

For fiscal 2018, we continue to expect Adjusted EBITDA to be in the range of $180M to $192M.

Reconciliation for the forward-looking full-year 2018 Adjusted EBITDA outlook is not being provided, as the Company does not presently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation.

EPS growth for this year is 140.40 percent and EPS growth for next year is expected to reach at 25.37 percent. EPS growth in past five years was -5.80 percent while EPS growth in next five years is projected to arrive at 28.80 percent. Sales growth past 5 years was measured at 11.90 percent. (SITE) has price-to-cash ratio of 106.23 and price to sale ratio of 1.77. The company net profit margin is 2.50 percent and gross profit margin is 31.80 percent.

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