(the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its fourth quarter and full fiscal year ended Janu(“Fiscal 2022”). ROSWELL, Ga.-( BUSINESS WIRE)-SiteOne Landscape Supply, Inc. Net debt to Adjusted EBITDA at year-end was 0.8x, compared to 0.6x at year-end 2021 Net income for the year increased 3% to $245.4 millionĪdjusted EBITDA increased 12% to $464.3 millionĪdjusted EBITDA margin decreased 30 basis points to 11.6%Ĭlosed 16 acquisitions during the year with approximately $240 million in trailing twelve months Net sales SG&A as a percentage of Net sales increased by 140 basis points to 27.3% Gross profit increased 17% to $1.42 billion Gross margin increased 50 basis points to 35.4% Net sales increased by 16% to $4.01 billion SG&A as a percentage of Net sales increased 350 basis points to 34.2%Īdjusted EBITDA decreased 37% to $38.9 million Adjusted EBITDA margin was 4.4%Ĭlosed three acquisitions: Madison Block & Stone, Telluride Natural Stone, and Whittlesey Landscape Supplies & Recyclingīoard of Directors approved $400 million share repurchase authorization repurchased $25.0 million of sharesįull Year 2022 Highlights (Compared to Full Year 2021): Gross profit increased 7% to $302.6 million Gross margin was 34.0% Net sales increased 11% to $890.0 million Fourth Quarter 2022 Highlights (Compared to Fourth Quarter 2021):
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