What Happened?

Shares of agriculture products company SiteOne Landscape Supply (NYSE: SITE) jumped 10.3% in the afternoon session after the company reported third-quarter results that beat analysts' profit estimates. The company's sales of $1.26 billion were up 4.1% year on year, meeting Wall Street's expectations. More impressively, organic revenue grew 3%, significantly outpacing the 1.1% growth analysts had projected. SiteOne's GAAP earnings per share came in at $1.31, which was 6% ahead of consensus estimates. Adjusted EBITDA also outperformed, reaching $127.5 million against an expected $124 million. However, the report was not entirely positive, as the company's full-year EBITDA guidance of $410 million at the midpoint was slightly below the $414.7 million analysts were forecasting. Despite the mixed report, investors appeared to focus on the better-than-expected profitability and organic growth.

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What Is The Market Telling Us

SiteOne’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for SiteOne and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock gained 10.1% on the news that the company reported solid second-quarter 2025 financial results, where investors focused on profit growth and a confident outlook despite a slight miss on analyst estimates. The landscape supply company announced a 3% year-over-year increase in net sales to $1.46 billion and an 8% rise in Adjusted EBITDA to $226.7 million. While the company's adjusted earnings per share of $2.86 slightly trailed analyst consensus, investors appeared to focus on the underlying operational strength. Management noted the company executed its initiatives well, improved gross margins, and gained market share despite softer end markets. Adding to investor confidence, SiteOne reaffirmed its full-year 2025 Adjusted EBITDA guidance, signaling a stable outlook for the remainder of the year.

SiteOne is up 4.7% since the beginning of the year, but at $135.07 per share, it is still trading 13.6% below its 52-week high of $156.31 from November 2024. Investors who bought $1,000 worth of SiteOne’s shares 5 years ago would now be looking at an investment worth $1,085.

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