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SITE Price Correlated With Financials For SiteOne Landscape Supply

Free historical financial statements for SiteOne Landscape Supply Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 25 quarters since 2016. Compare with SITE stock chart to see long term trends.

SITE Stock Compared to Quarterly

SITE Income Statement

Revenue, Net:805300000
Revenue Per Share:17.9211
Cost of Goods & Services Sold:536100000
Gross Profit:269200000
Selling, General & Admin Expense:230500000
Operating Income:41200000
Income Taxes:4600000
Net Income:32300000
Earnings Per Share, Basic:0.72
Shares Outstanding, Basic Avg:44935765

SITE Cash Flow

Operating Activities Net Income:
Net Cash from Operations:-118300000
Net Cash from Operations Per Share:-2.6326
Net Cash from Financing Activities:150600000
Property, Plant & Equipment Purchases:7500000
Purchases of Businesses, Net of Cash:31500000
Net Cash from Investing Activities:-41000000
Net Change in Cash & Equivalents:-8600000

SITE Balance Sheet

Cash and Cash Equivalents:45100000
Accounts Receivable, Net:437100000
Total Current Assets:1385900000
Property, Plant & Equipment, Net:152000000
Total Assets:2407400000
Accounts Payable:390300000
Current Portion of Long-Term Debt:4000000
Total Short-Term Liabilities:597500000
Long Term Debt, Non-Current Portion:413200000
Total Liabilities:1308200000
Nature of Business and Significant Accounting Policies Nature of business:

SiteOne Landscape Supply, Inc. (hereinafter collectively with all its consolidated subsidiaries referred to as the “Company” or individually as “Holdings”) is a wholesale distributor of irrigation supplies, fertilizer and control products (e.g., herbicides), hardscapes (including pavers, natural stone, and blocks), landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The Company also provides value-added consultative services to complement its product offering and to help customers operate and grow their businesses. Substantially all of the Company’s sales are to customers located in the United States of America (“U.S.”), with less than four percent of sales and less than five percent of total assets in Canada for all periods presented. As of January 2, 2022, the Company had over 590 branches. Based on the nature of the Company’s products and customers’ business cycles, sales are significantly higher in the second and third quarters of each fiscal year.

Stock Offering

On August 3, 2020, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. (the “Underwriter”), relating to an underwritten public offering of 2,150,000 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”). Under the terms of the Underwriting Agreement, the Company granted the Underwriter an option, exercisable for 30 days, to purchase up to an additional 322,500 shares of Common Stock. The Underwriter did not exercise the option to purchase additional shares of Common Stock. The aggregate proceeds to the Company from the sale of shares of Common Stock in the offering were approximately $262.3 million before expenses of approximately $0.6 million. The offering closed on August 6, 2020. The Company has used a portion of the proceeds and intends to use the remaining net proceeds from the offering for general corporate purposes, which may include the acquisition of companies or businesses, the repayment and refinancing of debt, working capital and capital expenditures.

The shares of Common Stock sold in the offering were issued pursuant to an automatically effective shelf registration statement on Form S-3ASR (Registration No. 333-240295) and the related prospectus that was filed with the Securities and Exchange Commission (“SEC”) on August 3, 2020, and a related prospectus supplement, dated August 3, 2020.

COVID-19 Pandemic

As a result of the ongoing novel coronavirus (or “COVID-19”) pandemic, the Company could experience impacts including, but not limited to, charges from potential adjustments of the carrying amounts of receivables and inventory, goodwill and other asset impairment charges, or deferred tax valuation allowances. There has been no material adverse impact to the Company’s consolidated financial statements for the year ended January 2, 2022; however, the extent to which the COVID-19 pandemic impacts the Company’s business, results of operations, and financial condition will depend on future developments, which remain highly uncertain and cannot be predicted, including, but not limited to the duration, spread, and severity of the COVID-19 pandemic, including the emergence of variant strains of the virus, the effects of the COVID-19 pandemic on the Company’s customers, suppliers, vendors, and associates and the remedial actions and stimulus measures adopted by local, state, and federal governments, and to what extent normal economic and operating conditions can resume. Even after the COVID-19 pandemic has subsided, the Company may experience an impact to its business as a result of any economic downturn, recession, or depression that has occurred or may occur in the future.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted which includes measures to assist companies in response t

Data imported from SiteOne Landscape Supply Inc. SEC filings. Check original filings before making any investment decision.