SiteOne Q3 2026: Sales Rise 3%, Adjusted EBITDA Increases 8%

What happened

SiteOne reported third-quarter 2026 net sales of $1.291 billion, up 3% from a year earlier, while Organic Daily Sales fell 1%. Net income rose 8% to $63.9 million and Adjusted EBITDA rose 8% to $138.3 million.

Confirmed

Global impact / market context

Acquisitions drove the sales gain while existing locations sold less each day, so growth depends on buying other businesses rather than higher demand. The company also plans workforce cuts and site consolidations, which may lower costs but could disrupt local customer service.

Analyst inference

Hot, dry weather delayed fall applications and reduced sales volume, which means customers bought less than a year earlier. Investors are weighing weaker underlying demand against improved profit per sale, higher profit before certain costs, and a larger share buyback authorization.

Analyst inference

What to watch

1. SiteOne expects full-year 2026 Adjusted EBITDA, which means profit before interest, taxes, depreciation and amortization and other adjustments, of $425 million to $440 million. Confirmed
2. The company plans to reduce its workforce and consolidate or close some locations, so watch whether these cost cuts lift profit and whether they disrupt sales at nearby branches. Proposed
3. A $500 million increase to the share repurchase program, which means buying back company stock, brings total authorization to about $538.3 million and may support earnings per share. Analyst inference

Evidence

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