- SiteOne Landscape press release ( NYSE: SITE ): Q2 GAAP EPS of $3.07 beats by $0.03 .
- Revenue of $1.22B (+13.0% Y/Y) misses by $20M .
- Organic daily sales increased 8%.
- Gross profit increased 19% to $461.1M; gross margin increased 210 basis points to 37.9%.
- Adjusted EBITDA margin increased 60 basis points to 18.2%.
- "For Fiscal 2022, we are raising our Adjusted EBITDA guidance range to $440 million to $460 million, which represents 6% to 11% growth over our exceptional Fiscal 2021 result. This compares to our prior guidance range of $430 million to $450 million."
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SiteOne Landscape reports mixed Q2 earnings; raises FY22 Adjusted EBITDA guidance