SiteOne Landscape Supply, a nationwide wholesale distributor of landscape supplies, has reported a third-quarter 2026 net sales of $1,291.1m, up 3% year over year. Conversely, organic daily sales fell 1%, attributed to soft market demand and a delayed fall season caused by hot, dry weather in key markets. Gross profit also rose 5% to $458.5m, with margin expanding 80 basis points to 35.5%. Adjusted EBITDA increased 8% to $138.3m, and net income attributable to SiteOne rose 8% to $63.9m.

The company repurchases $62.2m in shares during the quarter and acquires Patterson Nursery Sales. After quarter-end, SiteOne’s board authorized a $500m increase to its share repurchase program, bringing aggregate authorization to approximately $538.3m.

“We delivered a solid third quarter performance with 8% growth in Adjusted EBITDA and 60 basis points of Adjusted EBITDA margin expansion despite the continued softness in underlying market demand and a delayed fall season due to hot and dry weather in key markets,” says Doug Black, chairman and CEO.

SiteOne expects full-year organic daily sales flat to down 1% and Adjusted EBITDA of $425 million to $440 million. The company plans to reduce its workforce and consolidate or close branches in the fourth quarter, incurring a charge of approximately $6 million to $8 million.