SiteOne Landscape Expects Q4 Adjusted EBITDA In The Range Of $400M-$410M, Expects Price Deflation To Moderate In 2024 But Will Continue To Be a Headwind For Remainder Of The Year
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SiteOne Landscape has projected its Q4 adjusted EBITDA to be between $400M-$410M. The company also anticipates price deflation to moderate in 2024, but it will continue to be a headwind for the remainder of the year.
November 01, 2023 | 10:11 am
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SiteOne Landscape's Q4 adjusted EBITDA is expected to be between $400M-$410M. The company predicts price deflation to moderate in 2024, but it will continue to impact the company for the rest of the year.
The company's projected EBITDA for Q4 indicates a strong financial performance. However, the ongoing price deflation, which is expected to continue for the rest of the year, could negatively impact the company's revenues and margins. This mixed outlook makes the short-term impact on the stock price neutral.
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