SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Ga., reported sales were up 6% to $1.21 billion in the third quarter ended Sept. 29, 2024. Organic daily sales were down 1%.
Don’t miss any content from Distribution Strategy Group. Join our list.
Net income attributable to SiteOne decreased $12.9 million to $44.4 million.
“During the quarter we continued to face market headwinds with 3% price deflation and a softer repair and remodel market,” said Doug Black, SiteOne’s CEO.
Year-to-date, sales were $3.5 billion, up 6%. Profit was $145.3 million.
SiteOne is a wholesale distributor of landscape supplies in the U.S. 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.
