SiteOne Landscape Supply Reports 3% Revenue Growth to $1.46 Billion in Q2 2025

SiteOne Landscape Supply, Inc. reported a solid financial performance for the second quarter of 2025, with net sales reaching $1.46 billion, a 3% increase from $1.41 billion in the same period last year. For the first half of the fiscal year, net sales totaled $2.40 billion, up 4% from $2.32 billion in the prior year. The company's gross profit also saw an increase, rising to $531.4 million for the quarter, compared to $510.3 million a year earlier, while gross margin improved to 36.4% from 36.1%. Net income attributable to SiteOne increased to $129.0 million for the quarter, up from $120.2 million in the previous year, reflecting higher sales and improved gross margins.

The company noted that organic daily sales remained flat for both the second quarter and the first half of 2025, as growth in the maintenance market was offset by weaker demand in new residential construction and repair markets. Acquisitions contributed significantly to sales growth, adding approximately $40.9 million in the second quarter alone. The company completed several acquisitions, including Green Trade of Georgia and Pacific Nurseries, which have expanded its product offerings and geographic reach.

Operationally, SiteOne continued to expand its footprint, operating over 680 branches across 45 U.S. states and six Canadian provinces as of June 29, 2025. The company reported a slight increase in selling, general, and administrative expenses, which rose to $349.1 million for the quarter, primarily due to the impact of acquisitions. However, SG&A as a percentage of net sales decreased, indicating improved operational efficiency. The company also reported a decrease in net cash provided by operating activities, which fell to $7.1 million for the first half of 2025, down from $48.1 million in the same period last year, largely due to earlier inventory purchases ahead of anticipated tariffs.

Looking ahead, SiteOne anticipates continued challenges in the macroeconomic environment, including elevated interest rates and inflation, which may impact consumer spending and demand for its products. Despite these challenges, the company remains optimistic about long-term growth opportunities in the landscape supply industry, driven by favorable demographic trends and ongoing interest in outdoor living spaces. The company plans to continue focusing on strategic acquisitions and operational efficiencies to enhance its market position and profitability.