{"id":831611,"date":"2022-11-02T18:07:03","date_gmt":"2022-11-02T17:07:03","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/siteone-landscape-supply-announces-third-quarter-2022-earnings\/"},"modified":"2022-11-02T18:07:03","modified_gmt":"2022-11-02T17:07:03","slug":"siteone-landscape-supply-announces-third-quarter-2022-earnings","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/siteone-landscape-supply-announces-third-quarter-2022-earnings\/","title":{"rendered":"SiteOne Landscape Supply Announces Third Quarter 2022 Earnings"},"content":{"rendered":"

\nThird Quarter 2022 Highlights (Compared to Third Quarter 2021):\n<\/p>\n

Net sales increased 18% to $1.1 billion<\/p>\n

Organic Daily Sales increased 12%<\/p>\n

Gross profit increased 14% to $388.6 million; Gross margin was 35.2%<\/p>\n

SG&A as a percentage of Net sales increased 110 basis points to 26.2%<\/p>\n

Net income decreased 8% to $73.3 million<\/p>\n

Adjusted EBITDA increased 6% to $135.6 million; Adjusted EBITDA margin was 12.3%<\/p>\n

Closed six acquisitions: River Valley Horticultural, Cape Cod Stone, Linzel Distributing, Jim Stone, Stone Plus, and Kaknes Landscape Supply<\/p>\n

Increased size of ABL facility to $600 million from $375 million; extended maturity to July 2027<\/p>\n

\nPost-Quarter Highlights\n<\/p>\n

Closed the acquisition of Madison Block & Stone<\/p>\n

Issued 2022 Environmental, Social, and Governance (ESG) Report<\/a><\/p>\n

Board of Directors approved $400 million share repurchase authorization<\/p>\n

ROSWELL, Ga.–(BUSINESS WIRE)–SiteOne Landscape Supply, Inc. (the \u201cCompany\u201d or \u201cSiteOne\u201d) (NYSE: SITE) announced earnings for its third quarter ended October 2, 2022 (\u201cThird Quarter 2022\u201d).\n<\/p>\n

\n\u201cBuilding on our very strong sales and gross margin performance during the third quarter of last year, I am pleased to report continued growth in Net sales, Gross profit and Adjusted EBITDA in the third quarter of 2022, as we remain on pace to deliver another record year for SiteOne,\u201d said Doug Black, SiteOne\u2019s Chairman and CEO. \u201cWe generated very healthy Organic Daily Sales growth of 12%, driven by resilient pricing and improving volume trends supported by our commercial and operational initiatives. Acquisition activity during the quarter was robust as we welcomed six new companies to SiteOne, further strengthening our teams, product lines, and market presence. Our acquisitions continued to perform well, contributing strongly to our overall Net Sales and Adjusted EBITDA growth for the quarter. While we face economic headwinds and uncertainties going into next year, we remain very confident in our tremendous team, our balanced business, a strong balance sheet, and our ability to continue building and strengthening SiteOne through our key initiatives and acquisitions. Accordingly, we expect to continue delivering exceptional performance and growth in the years ahead.\u201d\n<\/p>\n

\nThird Quarter 2022 Results\n<\/p>\n

\nNet sales for the Third Quarter 2022 increased to $1.1 billion, or 18%, compared to $936.4 million for the prior-year period. Organic Daily Sales increased 12% compared to the prior-year period primarily driven by ongoing price inflation in response to elevated product costs, partially offset by volume headwinds resulting from higher prices and softening economic conditions. Acquisitions contributed $56.6 million, or 6%, to Net sales growth for the quarter.\n<\/p>\n

\nGross profit increased 14% to $388.6 million for the Third Quarter 2022 compared to $340.5 million for the prior-year period. Gross margin decreased 120 basis points to 35.2% for the Third Quarter 2022 as the large price realization benefit achieved in the third quarter of 2021 was not repeated.\n<\/p>\n

\nSelling, general and administrative expenses (\u201cSG&A\u201d) for the Third Quarter 2022 increased to $289.2 million from $235.3 million for the prior-year period. SG&A as a percentage of Net sales increased 110 basis points to 26.2% due to increased operating expenses supporting our growth, cost inflation, and the impact of acquisitions.\n<\/p>\n

\nNet income for the Third Quarter 2022 decreased 8% to $73.3 million compared to $80.0 million for the prior-year period. Net income was driven by higher Net sales but offset by lower gross margin and higher SG&A expense.\n<\/p>\n

\nAdjusted EBITDA increased 6% to $135.6 million for the Third Quarter 2022, compared to $128.2 million for the prior-year period. Adjusted EBITDA margin decreased 140 basis points to 12.3%.\n<\/p>\n

\nNet debt, calculated as long-term debt (net of issuance costs and discounts) plus finance leases, net of cash and cash equivalents on our balance sheet as of October 2, 2022, was $376.6 million compared to $208.4 million as of October 3, 2021. Net debt to Adjusted EBITDA for the last twelve months was 0.8 times compared to 0.5 times at the same time last year.\n<\/p>\n

\nShare Repurchase Authorization Announcement\n<\/p>\n

\nOn October 20, 2022, SiteOne\u2019s Board of Directors approved a share repurchase authorization for up to $400 million of the Company\u2019s common stock. This repurchase authorization does not have an expiration date and may be amended, suspended, or terminated by the Board of Directors at any time. Under the repurchase authorization, the Company intends to purchase shares from time to time on the open market, through privately negotiated transactions or otherwise. The number of shares ultimately purchased, and the timing of purchases are at the discretion of management and subject to compliance with applicable laws and regulations.\n<\/p>\n

\n\u201cGiven our strong balance sheet, solid cash flow, and our confidence in the long-term value that we can create at SiteOne, we are pleased to announce our first share purchase authorization,\u201d Doug Black continued. \u201cThis authorization gives us important flexibility to prudently return excess capital to shareholders while also maintaining a strong balance sheet to strategically build our business both organically and through acquisition during all market conditions.\u201d\n<\/p>\n

\nOutlook\n<\/p>\n

\n\u201cWe are currently experiencing low double-digit Organic Daily Sales growth driven by resilient pricing, reasonable market demand, and improving volume trends,\u201d Doug Black continued. \u201cWe expect price inflation to moderate in the coming months, while volume will be supported by our balanced business and our strong teams executing our commercial and operational initiatives. Taken all together, we now expect Organic Daily Sales growth to be in the low double digits for 2022. Accordingly, we are once again raising our Adjusted EBITDA guidance for the full year.\u201d\n<\/p>\n

\nFor Fiscal 2022, we now expect our Adjusted EBITDA to be in the range of $455 million to $470 million, which represents 10% to 13% growth over our exceptional Fiscal 2021 result. This compares to our prior guidance range of $440 million to $460 million. Our guidance does not include any contributions from unannounced acquisitions.\n<\/p>\n

\nReconciliation for the forward-looking full-year 2022 Adjusted EBITDA outlook is not being provided, as the Company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation.\n<\/p>\n

\nConference Call Information\n<\/p>\n

\nSiteOne management will host a conference call today, November 2, 2022, at 8:00 a.m. Eastern Time, to discuss the Company\u2019s financial results. The conference call may be accessed by dialing (877) 704-4453 (domestic) or (201) 389-0920 (international). A telephonic replay will be available approximately two hours after the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13733499. The replay will be available until 11:59 p.m. (ET) on November 16, 2022.\n<\/p>\n

\nInterested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at http:\/\/investors.siteone.com<\/a>. The online replay will be available for 30 days on the same website immediately following the call. A slide presentation highlighting the Company\u2019s results and key performance indicators will also be available on the Investor Relations section of the Company\u2019s website.\n<\/p>\n

\nTo learn more about SiteOne, please visit the company’s website at http:\/\/investors.siteone.com<\/a>.\n<\/p>\n

\nAbout SiteOne Landscape Supply, Inc.\n<\/p>\n

\nSiteOne Landscape Supply, Inc. is the largest and only national full product line wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces.\n<\/p>\n

\nForward-Looking Statements\n<\/p>\n

\nThis release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to our 2022 Adjusted EBITDA outlook and our share repurchase program. Some of the forward-looking statements can be identified by the use of terms such as \u201cmay,\u201d \u201cintend,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cexpect,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpotential,\u201d or the negative of these terms, and similar expressions. You should be aware that these forward-looking statements are subject to risks and uncertainties that are beyond our control. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time that may cause our business not to develop as we expect, and it is not possible for us to predict all of them. Factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to, the following: cyclicality in residential and commercial construction markets; economic downturn or recession; general economic and financial conditions; demand for our products; seasonality of our business; climate change-related events, weather conditions, seasonality, and availability of water to end-users; inflation and increased operating costs; increases in interest rates; the potential negative impact of the COVID-19 pandemic (which, among other things, may exacerbate each of the forward-looking statements discussed here); public perceptions that our products and services are not environmentally friendly or that our practices are not sustainable; competitive industry pressures, including competition for our talent base; supply chain disruptions, product or labor shortages, and the loss of key suppliers; cybersecurity incidents involving our systems or third party systems, including the July 2020 ransomware attack; prices for the products we purchase may fluctuate; ability to pass along product cost increases; inventory management risks; ability to implement our business strategies and achieve our growth objectives; acquisition and integration risks, including increased competition for acquisitions; risks associated with our large labor force and our customers\u2019 labor force (including headwinds due to COVID-19) and ongoing labor market disruptions; retention of key personnel; construction defect and product liability claims; impairment of goodwill; adverse credit and financial markets events and conditions; credit sale risks; performance of individual branches; climate, environmental, health and safety laws and regulations; hazardous materials and related materials; laws and government regulations applicable to our business that could negatively impact demand for our products; failure or malfunctions in our information technology systems; security of personal information about our customers; intellectual property and other proprietary rights; unanticipated changes in our tax provisions; threats from terrorism, public health emergencies, violence, uncertain political conditions and geopolitical conflicts such as the ongoing conflict between Russia and Ukraine; risks related to our current indebtedness and our ability to obtain financing in the future; risks related to our common stock; and other risks, as described in Item 1A, \u201cRisk Factors,\u201d and elsewhere in our Annual Report on Form 10-K for the fiscal year ended January 2, 2022, as updated by our subsequent filings under the Securities Exchange Act of 1934, as amended, including Forms 10-Q and 8-K.\n<\/p>\n

\nNon-GAAP Financial Information\n<\/p>\n

\nThis release includes certain financial information, not prepared in accordance with U.S. GAAP. Because not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should not be considered substitutes for the information contained in the historical financial information of the Company prepared in accordance with U.S. GAAP that is set forth herein.\n<\/p>\n

\nWe present Adjusted EBITDA in order to evaluate the operating performance and efficiency of our business. Adjusted EBITDA represents EBITDA as further adjusted for items permitted under the covenants of our credit facilities. EBITDA represents our Net income (loss) plus the sum of income tax (benefit) expense, interest expense, net of interest income, and depreciation and amortization. Adjusted EBITDA is further adjusted for stock-based compensation expense, (gain) loss on sale of assets, and other non-cash items, financing fees, other fees, and expenses related to acquisitions and other non-recurring (income) loss. Adjusted EBITDA does not include pre-acquisition acquired Adjusted EBITDA. Adjusted EBITDA is not a measure of our liquidity or financial performance under U.S. GAAP and should not be considered as an alternative to Net income, operating income or any other performance measures derived in accordance with U.S. GAAP, or as an alternative to cash flow from operating activities as a measure of our liquidity. The use of Adjusted EBITDA instead of Net income has limitations as an analytical tool. Because not all companies use identical calculations, our presentation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies, limiting its usefulness as a comparative measure. Net debt is defined as long-term debt (net of issuance costs and discounts) plus finance leases, net of cash and cash-equivalents on our balance sheet. Leverage Ratio is defined as Net debt to trailing twelve months Adjusted EBITDA. Free Cash Flow is defined as Cash Flow from Operating Activities, less capital expenditures. We define Organic Daily Sales as Organic Sales divided by the number of Selling Days in the relevant reporting period. We define Organic Sales as Net sales, including Net sales from newly-opened greenfield branches, but excluding Net sales from acquired branches until they have been under our ownership for at least four full fiscal quarters at the start of the fiscal year. Selling Days are the number of business days, excluding Saturdays, Sundays, and holidays, that SiteOne branches are open during the relevant reporting period.\n<\/p>\n

\nSiteOne Landscape Supply, Inc.
\n
Consolidated Balance Sheets (Unaudited)
\n
(In millions, except share and per share data)\n<\/p>\n

\nAssets\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 2, 2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\nJanuary 2, 2022\n<\/p>\n

\nCurrent assets:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash and cash equivalents\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n62.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n53.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccounts receivable, net of allowance for doubtful accounts of $18.4 and $13.5, respectively\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n502.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n393.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\nInventory, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n853.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n636.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome tax receivable\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nPrepaid expenses and other current assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n57.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n41.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal current assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,476.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,128.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nProperty and equipment, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n172.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n151.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOperating lease right-of-use assets, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n313.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n298.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nGoodwill\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n386.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n311.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIntangible assets, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n266.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n213.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDeferred tax assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOther assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n15.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n9.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,632.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,116.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLiabilities and Stockholders’ Equity\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCurrent liabilities:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccounts payable\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n340.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n254.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCurrent portion of finance leases\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n12.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n11.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCurrent portion of operating leases\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n67.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n62.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccrued compensation\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n76.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n99.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLong-term debt, current portion\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome tax payable\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n7.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccrued liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n99.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n82.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal current liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n607.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n512.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOther long-term liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n10.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\nFinance leases, less current portion\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n38.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n34.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOperating leases, less current portion\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n254.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n244.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDeferred tax liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n11.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLong-term debt, less current portion\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n383.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n251.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,309.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,058.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCommitments and contingencies\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nStockholders’ equity:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCommon stock, par value $0.01; 1,000,000,000 shares authorized; 45,103,331 and 44,788,385 shares issued, and 45,082,420 and 44,767,474 shares outstanding at October 2, 2022 and January 2, 2022, respectively\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAdditional paid-in capital\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n572.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n562.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nRetained earnings\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n743.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n497.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccumulated other comprehensive income (loss)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n6.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.2\n<\/p>\n

\n)\n<\/p>\n

\nTotal stockholders’ equity\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,323.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,057.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\nTotal liabilities and stockholders’ equity\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,632.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,116.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSiteOne Landscape Supply, Inc.
\n
Consolidated Statements of Operations (Unaudited)
\n
(In millions, except share and per share data)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nThree Months Ended\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNine Months Ended\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 2,
\n
2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 3,
\n
2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 2,
\n
2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 3,
\n
2021\n<\/p>\n

\nNet sales\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,102.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n936.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n3,124.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n2,670.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCost of goods sold\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n714.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n595.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2,005.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,740.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nGross profit\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n388.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n340.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,118.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n930.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSelling, general and administrative expenses\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n289.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n235.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n792.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n653.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOther (income) expense, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.4\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(6.6\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.6\n<\/p>\n

\n)\n<\/p>\n

\nOperating income\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n101.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n103.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n333.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n278.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nInterest and other non-operating expenses, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome before taxes\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n96.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n99.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n318.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n264.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome tax expense\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n22.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n19.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n72.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n53.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet income\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n73.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n80.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n246.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n210.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet income per common share:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nBasic\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1.63\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1.79\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n5.47\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n4.74\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDiluted\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1.60\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1.74\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n5.38\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n4.61\n<\/p>\n

\n\u00a0\n<\/p>\n

\nWeighted average number of common shares outstanding:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nBasic\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45,102,574\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n44,645,126\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45,024,324\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n44,511,675\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDiluted\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45,774,367\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45,849,338\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45,804,041\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45,762,387\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSiteOne Landscape Supply, Inc.
\n
Consolidated Statements of Cash Flows (Unaudited)
\n
(In millions)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNine Months Ended\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 2, 2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOctober 3, 2021\n<\/p>\n

\nCash Flows from Operating Activities:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet income\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n246.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n210.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAdjustments to reconcile Net income to net cash provided by operating activities:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAmortization of finance lease right-of-use assets and depreciation\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n34.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n25.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\nStock-based compensation\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n14.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n11.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAmortization of software and intangible assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n38.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n34.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAmortization of debt related costs\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nLoss on extinguishment of debt\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\nGain on sale of equipment\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.3\n<\/p>\n

\n)\n<\/p>\n

\nOther\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\nChanges in operating assets and liabilities, net of the effects of acquisitions:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nReceivables\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(96.1\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(118.0\n<\/p>\n

\n)\n<\/p>\n

\nInventory\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(196.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(159.5\n<\/p>\n

\n)\n<\/p>\n

\nIncome tax receivable\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nPrepaid expenses and other assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(7.5\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(10.7\n<\/p>\n

\n)\n<\/p>\n

\nAccounts payable\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n75.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n117.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome tax payable\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n7.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAccrued expenses and other liabilities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(7.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n38.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet Cash Provided By Operating Activities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n112.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n159.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash Flows from Investing Activities:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nPurchases of property and equipment\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(20.5\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(24.2\n<\/p>\n

\n)\n<\/p>\n

\nPurchases of intangible assets\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(10.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(3.7\n<\/p>\n

\n)\n<\/p>\n

\nAcquisitions, net of cash acquired\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(182.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(71.1\n<\/p>\n

\n)\n<\/p>\n

\nProceeds from the sale of property and equipment\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet Cash Used In Investing Activities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n(211.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n(97.3\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash Flows from Financing Activities:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nEquity proceeds from common stock\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n7.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nBorrowings under term loan\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n325.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nRepayments under term loan\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.9\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(270.6\n<\/p>\n

\n)\n<\/p>\n

\nBorrowings on asset-based credit facility\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n593.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n161.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\nRepayments on asset-based credit facility\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(456.7\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(161.9\n<\/p>\n

\n)\n<\/p>\n

\nPayments of debt issuance costs\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.3\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.4\n<\/p>\n

\n)\n<\/p>\n

\nPayments on finance lease obligations\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(9.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(7.7\n<\/p>\n

\n)\n<\/p>\n

\nPayments of acquisition related contingent obligations\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(10.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(6.8\n<\/p>\n

\n)\n<\/p>\n

\nOther financing activities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(8.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(4.2\n<\/p>\n

\n)\n<\/p>\n

\nNet Cash Provided By Financing Activities\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n108.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n40.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nEffect of exchange rate on cash\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(1.0\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nNet change In cash\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n9.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n102.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash and cash equivalents:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nBeginning\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n53.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n55.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nEnding\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n62.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n158.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSupplemental Disclosures of Cash Flow Information:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash paid during the year for interest\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n11.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n12.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nCash paid during the year for income taxes\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n63.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n50.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nSiteOne Landscape Supply, Inc.
\n
Adjusted EBITDA to Net Income Reconciliation (Unaudited)
\n
(In millions)\n<\/p>\n

\nThe following table presents a reconciliation of Adjusted EBITDA to Net income:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2020\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 4\n<\/p>\n

\nReported Net income\n<\/p>\n

\n$\n<\/p>\n

\n73.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n140.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n32.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n27.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n80.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n123.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n7.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n11.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nIncome tax (benefit) expense\n<\/p>\n

\n\u00a0\n<\/p>\n

\n22.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n44.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n19.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n36.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(2.5\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nInterest expense, net\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n9.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nDepreciation and amortization\n<\/p>\n

\n\u00a0\n<\/p>\n

\n27.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n23.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n21.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n22.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n21.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n20.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n19.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n18.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nEBITDA\n<\/p>\n

\n\u00a0\n<\/p>\n

\n129.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n213.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n62.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n57.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n124.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n184.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n29.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n40.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nStock-based compensation(a)<\/p>\n

\n\u00a0\n<\/p>\n

\n4.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n5.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n4.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(Gain) loss on sale of assets(b)<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.7\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.1\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n(0.2\n<\/p>\n

\n)\n<\/p>\n

\n\u00a0\n<\/p>\n

\nFinancing fees(c)<\/p>\n

\n\u00a0\n<\/p>\n

\n0.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u2014\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAcquisitions and other adjustments(d)<\/p>\n

\n\u00a0\n<\/p>\n

\n2.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n3.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n0.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAdjusted EBITDA(e)<\/p>\n

\n$\n<\/p>\n

\n135.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n222.0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n67.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n61.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n128.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n190.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n34.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n43.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n_____________________________________\n<\/p>\n

\n(a) Represents stock-based compensation expense recorded during the period.
\n
(b) Represents any gain or loss associated with the sale of assets and termination of finance leases not in the ordinary course of business.
\n
(c) Represents fees associated with our debt refinancing and debt amendments.
\n
(d) Represents professional fees, retention and severance payments, and performance bonuses related to historical acquisitions. Although we have incurred professional fees, retention and severance payments, and performance bonuses related to acquisitions in several historical periods and expect to incur such fees and payments for any future acquisitions, we cannot predict the timing or amount of any such fees or payments.
\n
(e) Adjusted EBITDA excludes any earnings or loss of acquisitions prior to their respective acquisition dates for all periods presented.\n<\/p>\n

\nSiteOne Landscape Supply, Inc.
\n
Organic Daily Sales to Net Sales Reconciliation (Unaudited)
\n
(In millions, except Selling Days)\n<\/p>\n

\nThe following table presents a reconciliation of Organic Daily Sales to Net sales:\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2022\n<\/p>\n

\n\u00a0\n<\/p>\n

\n2021\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 1\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 3\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nQtr 1\n<\/p>\n

\nReported Net sales\n<\/p>\n

\n$\n<\/p>\n

\n1,102.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,216.6\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n805.3\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n936.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n1,083.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n650.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\nOrganic Sales(a)<\/p>\n

\n\u00a0\n<\/p>\n

\n1,017.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,145.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n760.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n908.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1,057.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n648.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\nAcquisition contribution(b)<\/p>\n

\n\u00a0\n<\/p>\n

\n84.8\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n71.1\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n45.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n28.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n26.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n1.8\n<\/p>\n

\nSelling Days\n<\/p>\n

\n\u00a0\n<\/p>\n

\n63\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n64\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n65\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n63\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n64\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n

\n65\n<\/p>\n

\nOrganic Daily Sales\n<\/p>\n

\n$\n<\/p>\n

\n16.2\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n17.9\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n11.7\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n14.4\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n16.5\n<\/p>\n

\n\u00a0\n<\/p>\n

\n$\n<\/p>\n

\n10.0\n<\/p>\n

\n_____________________________________\n<\/p>\n

\n(a) Organic Sales equal Net sales less Net sales from branches acquired in 2021 and 2022.
\n
(b) Represents Net sales from acquired branches that have not been under our ownership for at least four full fiscal quarters at the start of the 2022 Fiscal Year. Includes Net sales from branches acquired in 2021 and 2022.\n<\/p>\n

Contacts <\/p>\n

\nInvestor Relations:
\n
SiteOne Landscape Supply, Inc.
\n
Investor Relations
\n
470-270-7011
\n
investors@siteone.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Third Quarter 2022 Highlights (Compared to Third Quarter 2021): Net sales increased 18% to $1.1 billion Organic Daily Sales increased 12% Gross profit increased 14% to $388.6 million; Gross margin was 35.2% SG&A as a percentage of Net sales increased 110 basis points to 26.2% Net income decreased 8% to $73.3 million Adjusted EBITDA increased […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-831611","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nSiteOne Landscape Supply Announces Third Quarter 2022 Earnings - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/siteone-landscape-supply-announces-third-quarter-2022-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SiteOne Landscape Supply Announces Third Quarter 2022 Earnings - 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