SiteOne Landscape Supply (NYSE: SITE), Roswell, Ga., reported sales for the fiscal year ended Dec. 29, 2024, were $4.54 billion, up 6% from the prior year.
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Profit for the year decreased 29% to $123.6 million. Organic daily sales were down 1% for the year.
Sales for the fourth quarter were $1.01 billion, up 5% from the prior-year period. However, the company experienced a net loss of $21.7 million.
SiteOne closed seven acquisitions in 2024 with two closing in the fourth quarter.
“We were pleased to finish a challenging year in 2024 on a more positive note, achieving 1% organic daily sales growth in the fourth quarter against the headwind of 3% deflation,” said Doug Black, SiteOne’s chairman and CEO. “Throughout the year, we made significant progress on our strategic initiatives and acquisition integrations, which positions us well for positive sales growth.”
SiteOne operates more than 500 locations across the U.S. and Canada. The company primarily serves residential and commercial landscape professionals.
