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SiteOne Landscape Supply Inc

For the period ended Mar 31, 2024. Filed May 1, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 1, 2024

SITE$117.44+4.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Table of Contents

TABLE OF CONTENTS
Part I. FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements (Unaudited)
Consolidated Balance Sheets4
Consolidated Statements of Operations5
Consolidated Statements of Comprehensive Loss6
Consolidated Statements of Equity7
Consolidated Statements of Cash Flows8
Notes to Consolidated Financial Statements9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations27
Item 3. Quantitative and Qualitative Disclosures About Market Risk43
Item 4. Controls and Procedures43
Part II. OTHER INFORMATION
Item 1. Legal Proceedings44
Item 1A. Risk Factors44
Item 5. Other Information44
Item 6. Exhibits45
Signature46

Special Note Regarding Forward-Looking Statements and Information

This Quarterly Report on Form 10-Q, other periodic reports filed by us under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other written or oral statements made from time to time by our management contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “intend,” “might,” “will,” “should,” “could,” “would,” “expect,” “believe,” “estimate,” “anticipate,” “predict,” “project,” “potential,” or the negative of these terms, and similar expressions often signify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that are beyond our control, and because they also relate to the future, they are likewise subject to inherent uncertainties and other factors that may cause actual results to differ materially from the views, beliefs, and projections expressed in such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. Factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to, the following:

cyclicality in residential and commercial construction markets;

general business, financial market, and economic conditions;

seasonality of our business and its impact on demand for our products;

weather and climate conditions;

prices for the products we purchase may fluctuate;

market variables, including inflation and elevated interest rates for prolonged periods;

increases in operating costs;

public perceptions that our products and services are not environmentally friendly or that our practices are not sustainable;

climate, environmental, health and safety laws and regulations;

hazardous materials and related materials;

laws and government regulations applicable to our business that could negatively impact demand for our products;

competitive industry pressures, including competition for our talent base;

supply chain disruptions, product or labor shortages, and the loss of key suppliers;

inventory management risks;

ability to implement our business strategies and achieve our growth objectives;

acquisition and integration risks, including increased competition for acquisitions;

risks associated with our large labor force and our customers’ labor force and labor market disruptions;

retention of key personnel;

construction defect and product liability claims;

impairment of goodwill;

adverse credit and financial markets events and conditions;

inefficient or ineffective allocation of capital;

credit sale risks;

performance of individual branches;

cybersecurity incidents involving our systems or third-party systems;

failure or malfunctions in our information technology systems;

security of personal information about our customers;

intellectual property and other proprietary rights;

unanticipated changes in our tax provisions;

threats from terrorism, violence, uncertain political conditions, and geopolitical conflicts such as the ongoing conflict between Russia and Ukraine, the conflict in the Gaza Strip, and unrest in the Middle East;

risks related to our current indebtedness and our ability to obtain financing in the future;

financial institution disruptions;

risks related to our common stock; and

risks related to other factors discussed in this Quarterly Report on Form 10-Q.

You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible to predict all of them. We assume no obligation and do not intend to update or revise any forward-looking statements that are made from time to time, either as a result of future developments, new information or otherwise, except as may be required by law.

Comparisons of results for current and any prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.