SiteOne Landscape Supply Continues To Expect FY24 Adjusted EBITDA Of $420M-$455M
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SiteOne Landscape Supply (SITE) maintains its FY24 Adjusted EBITDA forecast of $420M-$455M, despite ongoing commodity price deflation through April, expected to persist into Q3, with full-year prices projected to decrease by about 2%.
May 01, 2024 | 10:04 am
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SiteOne Landscape Supply reaffirms its FY24 Adjusted EBITDA guidance of $420M-$455M, despite expecting a 2% drop in commodity prices for the year.
The reaffirmation of the EBITDA forecast despite the anticipated commodity price deflation suggests a strong operational outlook and effective cost management. However, the expected decrease in commodity prices could indicate potential margin pressures or cost savings, making the impact neutral in the short term.
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