8/4/2023 0 Comments Siteone landscape supply![]() $41.9 million, or 5%, to Net sales growth for the quarter. Organic Daily Sales increasedħ% compared to the prior-year period primarily driven by price inflation in response to elevated product costs. Sheet, and ongoing commercial and operational initiatives to outperform the market organically, build our company through acquisition,Īnd further execute our long-term growth strategy.”įiscal 2022 increased to $890.0 million, or 11%, compared to $805.2 million for the prior-year period. We face the economic headwinds of 2023, we will continue to leverage our exceptional teams, market leadership position, strong balance New high-performing companies with 48 locations and approximately $240 million in trailing twelve-month sales to SiteOne in 2022. “Working through the challenges of continued high price inflation and reduced volume, our teams executed at a high levelĪnd delivered another record year while improving our capabilities for performance and growth in the years to come. In Net sales and Adjusted EBITDA, resilient Adjusted EBITDA margin and good cash flow,” said Doug Black, SiteOne’s ChairmanĪnd CEO. The year well against a very strong fourth quarter performance in 2021, capping off an excellent year in 2022 of double-digit growth ![]() ![]() (the “Company” or “SiteOne”) (NYSE: SITE) announcedĮarnings for its fourth quarter and full fiscal year ended Janu(“Fiscal 2022”). (BUSINESS WIRE) - SiteOne Landscape Supply, Inc. Income for the year increased 3% to $245.4 millionĮBITDA margin decreased 30 basis points to 11.6%ġ6 acquisitions during the year with approximately $240 million in trailing twelve monthsĭebt to Adjusted EBITDA at year-end was 0.8x, compared to 0.6x at year-end 2021 Profit increased 17% to $1.42 billion Gross margin increased 50 basis points to 35.4%Īs a percentage of Net sales increased by 140 basis points to 27.3% Of Directors approved $400 million share repurchase authorization repurchased $25.0 million Three acquisitions: Madison Block & Stone, Telluride Natural Stone, and Whittlesey Landscape Profit increased 7% to $302.6 million Gross margin was 34.0%Īs a percentage of Net sales increased 350 basis points to 34.2%ĮBITDA decreased 37% to $38.9 million Adjusted EBITDA margin was 4.4% When Laughlin is off the clock, he spends time with his wife and supports his daughter from the sidelines as she hones her soccer skills.Landscape Supply Announces Fourth Quarter and Full Year 2022 EarningsĢ022 Highlights (Compared to Fourth Quarter 2021): He earned a bachelor’s degree in finance and accounting from the University of North Carolina at Charlotte and a master’s in business administration from Wake Forest University’s School of Business in Winston-Salem, North Carolina. At SiteOne, Laughlin closed 17 acquisition. Laughlin has held executive leadership roles at a variety of companies, including Hydrobuilder Holdings, SiteOne Landscape Supply, and SunTrust Robinson Humphrey. I’m really passionate about trying to find win-win opportunities that are helpful to the brand’s team of associates, franchisees, and shareholders,” Laughlin said. The franchise has a long history of success and a culture of service. ![]() “I’m looking forward to tackling my new role at ServiceMaster. In his new role at ServiceMaster, Laughlin will spearhead franchise growth and ensure the company’s existing system continues to succeed. “Daniel’s experience in business development and strategic expertise will help take the brand to the next level.” “We are excited to add a strong business leader to the ServiceMaster team,” said Greg Weller, CEO of ServiceMaster® Brands. Laughlin has also demonstrated expertise in strategic planning activities across national and multi-location structures. During his stint at Marcone, Laughlin was responsible for developing and leading the company’s mergers and acquisitions process and building its inaugural development team. Before joining ServiceMaster® Brands, Laughlin was vice president of corporate development for Marcone Supply, a distributor of appliance replacement, HVAC, and plumbing parts. Laughlin brings nearly 20 years of experience in business development, finance, mergers and acquisitions, and new business integration. J// // ATLANTA - ServiceMaster® Brands is pleased to announce the appointment of Daniel Laughlin, senior vice president of development. ![]()
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