SiteOne Landscape Supply reported second-quarter revenue of $1.53 billion, missing analyst estimates of $1.54 billion, while adjusted earnings per share of $3.20 came in below the $3.35 consensus. Organic revenue rose just 1% year on year, as volumes declined in new residential construction and repair and upgrade markets, particularly in Sunbelt states. Management cited broad-based pressure across remodeling product categories and noted that energy volatility and macroeconomic uncertainty dampened customer appetite. The company provided full-year EBITDA guidance of $440 million at the midpoint, below the $448 million analysts had expected. CEO Doug Black described the market as weaker than expected and forecast that repair and upgrade demand will be down approximately mid-single digits in 2026.
SiteOne Landscape Supply IncWeak housing demand and declining volumes in new residential construction and repair/upgrade markets led to missed Q2 estimates and lowered guidance.