![]() We also delivered strong cash flow during the quarter as our new supply chain capabilities allowed us to manage inventory more effectively. The acquisitions we completed last year and in the first quarter of this year contributed well to our revenue and EBITDA growth. With lower sales, our teams did a good job managing expenses even as we continue to make significant investments in building the business. ![]() “Increased rain in eight of our eleven regions, especially in Texas, New England and the Midwest, significantly restricted organic daily sales growth in May and June. “We delivered gross margin and adjusted EBITDA margin expansion during the second quarter, despite our limited base business topline growth,” said Doug Black, SiteOne’s Chairman and CEO. (the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its second quarter ended J(“Second Quarter 2019”). ![]() Net income increased by 3% to $64.7 millionĪdjusted EBITDA increased by 11% to $114.3 million, adjusted EBITDA margin expanded 20 basis points to 15.2%Ĭash flow from operating activities increased by 199% to $37.1 millionĬompleted three acquisitions: Landscape Depot Supply, Fisher’s Landscape Depot, and Stone and Soil DepotĬompleted acquisition of Voss Materials and affiliates Gross profit increased by 12% to $258.0 million gross margin expanded 90 basis points to 34.3% Net sales increased by 9% to $752.4 million Second Quarter 2019 Highlights (compared to Second Quarter 2018) SiteOne Landscape Supply Announces Second Quarter 2019 Earnings
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