Summary: SiteOne Landscape Supply Inc. - S&P Global Ratings’ Credit Research

Summary: SiteOne Landscape Supply Inc.

Summary: SiteOne Landscape Supply Inc. - S&P Global Ratings’ Credit Research
Summary: SiteOne Landscape Supply Inc.
Published Mar 29, 2019
10 pages (3274 words) — Published Mar 29, 2019
Price US$ 225.00  |  Buy this Report Now

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Abstract:

SiteOne's products (landscaping supplies, nursery products, and hardscapes) are relatively low cost and are replaced regularly. Sales remain susceptible to discretionary demand, as well as to weather events and the seasonality of construction markets. Still, we expect low- to mid-single-digit organic growth. We expect pricing actions, operating efficiencies, and further spreading of corporate costs over a wider network to offset any input cost inflation. We expect the company to continue to make small tuck-in acquisitions, utilizing the asset-based lending (ABL) facility over the next 12 to 24 months, keeping adjusted leverage above 3.0x. The stable outlook on SiteOne reflects our expectation that low single digit organic growth will continue to be supplemented by tuck-in acquisitions – roughly in line with

  
Brief Excerpt:

... products, and hardscapes) are relatively low cost and are replaced regularly. Sales remain susceptible to discretionary demand, as well as to weather events and the seasonality of construction markets. Still, we expect low- to mid-single-digit organic growth....

  
Report Type:

Summary

Ticker
Issuer
GICS
Trading Companies & Distributors (20107010)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: SiteOne Landscape Supply Inc." Mar 29, 2019. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-SiteOne-Landscape-Supply-Inc-2188698>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: SiteOne Landscape Supply Inc. Mar 29, 2019. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-SiteOne-Landscape-Supply-Inc-2188698>
  
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