$SITE

SiteOne Landscape Supply, Inc.

CIK:0001650729|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 28, 2026	Jun. 29, 2025
Income Statement [Abstract]
Net sales	$ 1,530.7	$ 1,461.6	$ 2,470.8	$ 2,401.0
Cost of goods sold	966.2	930.2	1,587.5	1,559.8
Gross profit	564.5	531.4	883.3	841.2
Selling, general and administrative expenses	370.7	349.1	720.6	692.3
Other income	3.8	5.1	9.0	9.0
Operating income	197.6	187.4	171.7	157.9
Interest and other non-operating expenses, net	10.0	10.3	18.0	17.7
Income before taxes	187.6	177.1	153.7	140.2
Income tax expense	48.3	45.0	38.5	35.6
Net income	139.3	132.1	115.2	104.6
Net income attributable to non-controlling interest	1.0	1.2	0.9	1.0
Adjustment of non-controlling interest to redemption value	(1.0)	1.9	1.6	1.9
Net income attributable to SiteOne	$ 139.3	$ 129.0	$ 112.7	$ 101.7
Net income per common share:
Basic (in dollars per share)	$ 3.16	$ 2.88	$ 2.54	$ 2.26
Diluted (in dollars per share)	$ 3.14	$ 2.86	$ 2.53	$ 2.25
Weighted average number of common shares outstanding:
Basic (in shares)	44,150,162	44,817,997	44,368,372	44,951,303
Diluted (in shares)	44,362,853	45,089,441	44,573,081	45,245,102

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 28, 2026	Jun. 29, 2025	Dec. 28, 2025
Cash Flows from Operating Activities:
Net income	$ 139.3	$ 132.1	$ 115.2	$ 104.6
Adjustments to reconcile Net income to net cash provided by operating activities:
Amortization of finance lease right-of-use assets and depreciation	21.3	20.2	41.7	40.1
Stock-based compensation			16.3	15.9
Amortization of intangible assets			29.6	30.6
Loss on extinguishment of debt			0.1	0.0
Amortization of debt related costs			0.6	0.5
Gain on sale of equipment			(2.2)	(0.7)
Other			(1.4)	(5.1)
Changes in operating assets and liabilities, net of the effects of acquisitions:
Receivables			(111.4)	(100.3)
Inventory			(188.2)	(187.0)
Income tax receivable			22.4	12.3
Prepaid expenses and other assets			(17.6)	(13.8)
Accounts payable			112.4	77.0
Income tax payable			14.4	22.3
Accrued expenses and other liabilities			(0.8)	10.7
Net Cash Provided By Operating Activities			31.1	7.1
Cash Flows from Investing Activities:
Purchases of property and equipment			(40.6)	(29.1)
Purchases of intangible assets			(8.0)	(0.3)
Acquisitions, net of cash acquired			(72.1)	(10.8)
Proceeds from the sale of property and equipment			4.2	2.3
Net Cash Used In Investing Activities			(116.5)	(37.9)
Cash Flows from Financing Activities:
Equity proceeds from common stock			0.8	1.0
Repurchases of common shares			(114.4)	(58.3)
Repayments under term loan			(2.0)	(2.0)
Borrowings on asset-based credit facilities			359.8	266.6
Repayments on asset-based credit facilities			(236.3)	(183.0)
Payments of debt issuance costs			(1.9)	0.0
Payments on finance lease obligations			(17.5)	(15.8)
Payments of acquisition related contingent obligations			(0.5)	(2.7)
Other financing activities			(5.2)	(4.5)
Net Cash (Used In) Provided By Financing Activities			(17.2)	1.3
Effect of exchange rate on cash			(0.6)	1.0
Net change in cash			(103.2)	(28.5)
Cash and cash equivalents:
Beginning			190.6	107.1	$ 107.1
Ending	$ 87.4	$ 78.6	87.4	78.6	$ 190.6
Supplemental Disclosures of Cash Flow Information:
Cash paid during the year for interest			18.2	16.3
Cash paid during the year for income taxes			$ 2.6	$ 1.0

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 28, 2026	Dec. 28, 2025
Current assets:
Cash and cash equivalents	$ 87.4	$ 190.6
Accounts receivable, net of allowance for doubtful accounts of $36.6 and $33.3, respectively	672.0	546.8
Inventory, net	1,092.5	876.5
Income tax receivable	0.0	22.4
Prepaid expenses and other current assets	88.5	62.5
Total current assets	1,940.4	1,698.8
Property and equipment, net (Note 5)	312.3	295.4
Operating lease right-of-use assets, net (Note 7)	465.0	439.7
Goodwill (Note 6)	558.8	530.4
Intangible assets, net (Note 6)	222.4	220.0
Deferred tax assets	7.2	14.7
Other assets	20.5	20.6
Total assets	3,526.6	3,219.6
Current liabilities:
Accounts payable	440.1	310.8
Current portion of finance leases (Note 7)	35.0	33.2
Current portion of operating leases (Note 7)	101.7	97.3
Accrued compensation	84.9	104.6
Long-term debt, current portion (Note 9)	3.9	3.9
Income tax payable	14.4	0.0
Accrued liabilities	162.0	137.0
Total current liabilities	842.0	686.8
Other long-term liabilities	3.8	4.0
Finance leases, less current portion (Note 7)	102.3	101.6
Operating leases, less current portion (Note 7)	383.4	362.5
Deferred tax liabilities	5.7	0.0
Long-term debt, less current portion (Note 9)	501.8	381.5
Total liabilities	1,839.0	1,536.4
Commitments and contingencies (Note 11)
Redeemable non-controlling interest	0.0	24.0
Stockholders' equity:
Common stock, par value $0.01; 1,000,000,000 shares authorized; 45,994,836 and 45,895,384 shares issued, and 43,754,262 and 44,390,032 shares outstanding at June 28, 2026 and December 28, 2025, respectively	0.5	0.5
Additional paid-in capital	663.5	658.1
Retained earnings	1,304.4	1,191.7
Accumulated other comprehensive loss	(6.7)	(4.9)
Treasury stock, at cost, 2,240,574 and 1,505,352 shares at June 28, 2026 and December 28, 2025, respectively	(274.1)	(186.2)
Total stockholders' equity	1,687.6	1,659.2
Total liabilities, redeemable non-controlling interest, and stockholders' equity	$ 3,526.6	$ 3,219.6