The company is anticipating a negative impact on sales from hurricanes Helene and Milton in its fourth quarter.
Latest In SiteOne Landscape Supply
This is the 3rd acquisition in 2023 for SiteOne, as it expands the number of markets in which it offers the full range of landscape supplies.
SiteOne finished 2022 with a strong fourth quarter.
M&A deals involving building supply facilities fell from 178 in 2021 to 164 in 2022, with lumber companies accounting for the most activity last year.
The Roswell, Georgia-based landscape company also reported 2021 year-end net sales of $3.48 billion, a 29% jump over 2020.
SiteOne Landscape Supply Inc. reported 2021 3Q sales of $936.4 million, a 25% increase over the same period last year.
The company, known collectively as Green Brothers, serves the greater Atlanta market with four locations focused on the distribution of landscape supplies and hardscapes to landscape professionals.
SiteOne’s net income increased by 56% year-over-year to $123 million in 2Q while gross profit increased 36% to $388.2 million.
SiteOne Landscape Supply, the Georgia-based distributor of landscape supplies, has added California-based distributor Rock & Black Hardscape Supply to its portfolio.
Landscape supply distributor SiteOne Landscape Supply Inc. also posted a profit of $7.4 million, up from a loss last year.
SiteOne announced its second acquisition of the month and fourth of 2021 by adding Melrose Irrigation Supply and Sales to its portfolio.
Landscape distributor adds Twin Cities company Timberwall Landscape & Masonry Products to its portfolio.
Landscape distributor adds pair of Arizona businesses — Arizona Stone & Architectural Products Inc. and Solstice Stone Inc. — to its portfolio.
Landscape supply distributor SiteOne Landscape Supply Inc. also reported that revenue grew 26% in the fourth quarter.
Latest acquisition gives SiteOne its fourth dedicated nursery branch in the Houston MSA.
Distributor acquires business that operates as two entities — Stone Center of Richmond LLC and Stone Center of Fredericksburg LLC.
Landscape supply distributor SiteOne looks just outside Atlanta metro area with addition of Dirt and Rock LLC.
SiteOne bolsters its portfolio with the addition of Alpine Materials, a Dallas-based distributor of mulches, soils and hardscape materials to landscape professionals.
Landscape supply distributor SiteOne Landscape Supply Inc. also saw net income increase 39% to $48.2 million as the company benefited from two acquisitions during the quarter.
SiteOne Landscape Supply Inc. has acquired Hedberg Supply, the landscape supplies product division of Hedberg Aggregates, helping the company expand to Minnesota.
