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SITE · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is SiteOne Landscape Supply, Inc. (SITE) stock moving?
SiteOne's Q3 2026 report on Oct 28 was mixed. EPS of $1.46 beat the $1.44 estimate and Adjusted EBITDA rose 8% to $138.3M with margin up 60 basis points to 10.7%. Gross margin improved 80 basis points to 35.5% on price realization and commercial initiatives. Net sales rose only 3% to $1.291B, below the $1.304B estimate, and Organic Daily Sales fell 1% as demand stayed soft and the fall season was delayed by hot, dry weather. Acquisitions added 3% to sales, and management said near-term conditions will be challenging. Capital return is a positive: the company repurchased $62.2M of stock and the board added $500M to the buyback authorization. Bedrock Environmental Seed & Supply was acquired on Nov 2, and Patterson Nursery was acquired during the quarter. UBS kept a Neutral rating and raised its target to $122 from $110. The price rose from about $103 before results to $110.72 on Oct 29, peaked at $118.16 on Nov 4, and closed at $116.16 on Nov 10. Volume has faded from roughly 1.0 to 1.8M shares a day in late October to about 549K on Nov 10, which suggests less conviction at these levels. Overall, margin gains and buybacks support the shares, while weak organic volume and a sales miss limit the upside.
News behind the analysis
- SiteOne Landscape Supply Completes Acquisition of Bedrock Environmental Seed & SupplySiteOne closed its acquisition of Bedrock Environmental Seed & Supply, a distributor of erosion control and landscape products. The deal continues the company's acquisition strategy.
- Wall Street Analysts Update Ratings and Price Targets for SiteOne Landscape SupplySeveral major financial institutions revised their ratings and price targets for SiteOne on October 30, 2026, following the third-quarter report.
- UBS Maintains Neutral on SiteOne Landscape Supply, Raises Price Target to $122UBS kept its Neutral rating and lifted its price target to $122 from $110. The target is about 5% above the Nov 10 close of $116.16.
- UBS Adjusts Price Target on SiteOne Landscape Supply to $122 From $110UBS raised its price target on SiteOne to $122 from $110 while maintaining a Neutral rating.
- SiteOne Landscape Supply Announces Third Quarter 2026 Earnings and Share Repurchase Authorization IncreaseSiteOne reported Q3 2026 results and the board added $500 million to its share repurchase program. Adjusted EBITDA rose 8% to $138.3M and gross margin expanded 80 basis points to 35.5%.
- SiteOne Landscape Supply Q3 2026 Earnings Call TranscriptThe transcript of SiteOne's third-quarter 2026 earnings call, where management described soft market demand and a delayed fall season.
- SiteOne Landscape Supply Announces Third Quarter 2026 Financial ResultsSiteOne reported Q3 2026 results with growth in Adjusted EBITDA despite weaker market demand. Organic Daily Sales fell 1% while acquisitions added 3% to net sales.
- SiteOne Landscape Supply Q3 EPS $1.46 Beats $1.44 Estimate, Sales $1.291B Miss $1.304B EstimateQ3 earnings per share beat consensus at $1.46 versus $1.44, but net sales of $1.291B missed the $1.304B estimate.
About SiteOne Landscape Supply, Inc.
SiteOne Landscape Supply is a wholesale distributor based in Roswell, Georgia. It calls itself the largest and only nationwide full-line distributor of landscape supplies in the US, and it has grown mainly by buying many small regional distributors.
How it makes money
SiteOne sells products to professional landscape contractors through a network of branches, plus a growing online business on SiteOne.com. Its products fall into two groups. Landscape products include irrigation, hardscapes like pavers and stone, nursery plants, outdoor lighting and equipment, and make up roughly two-thirds of sales. Agronomic products include fertilizer, grass seed and pest control. Customers mostly work on residential and commercial maintenance, repair and upgrade jobs, and a smaller share is new construction. Sales are seasonal and peak in spring and summer. Full-year sales are roughly $4.5–5 billion, and the company does not pay a dividend.
What usually moves SITE
- Housing and new-construction activity
- Spring and fall weather and the timing of the seasons
- Product prices, especially for commodity items like fertilizer and PVC pipe
- Pace of acquisitions and sales growth at existing branches
- Interest rates and consumer spending on home and yard projects