Earnings Call Summary | SiteOne Landscape Supply(SITE.US) Q1 2024 Earnings Conference
Earnings Call Summary | SiteOne Landscape Supply(SITE.US) Q1 2024 Earnings Conference
Despite a slight decrease in gross margin, gross profit witnessed a 5% uptick.The following is a summary of the SiteOne Landscape Supply, Inc. (SITE) Q1 2024 Earnings Call Transcript:
以下是SiteOne景觀供應公司（SITE）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
SiteOne reported Q1 net sales growth of 8% due to organic daily sales growth and growth through acquisitions.
The company incurred a net loss of $19.3 million in Q1 2024, influenced by increased SG&A expenses and reduced gross margin.
Despite a slight decrease in gross margin, gross profit witnessed a 5% uptick.
The company significantly boosted its operating cash flow to $53 million in Q1 2024, majorly due to efficient working capital management and supply chain initiatives.
SiteOne ended Q1 2024 with a net debt of around $508 million.
SiteOne報告稱，第一季度淨銷售額增長了8％，這要歸因於每日銷售的有機增長以及通過收購實現的增長。
受銷售和收購費用增加和毛利率下降的影響，該公司在2024年第一季度淨虧損1,930萬美元。
儘管毛利率略有下降，但毛利增長了5％。
該公司在2024年第一季度將其運營現金流大幅提高至5,300萬美元，這主要是由於有效的營運資本管理和供應鏈舉措。
截至2024年第一季度，SiteOne的淨負債約爲5.08億美元。
Business Progress:
業務進展：
SiteOne continues to expand its footprint with over 690 branches and four distribution centers across the U.S. and Canada.
Recent acquisitions, including Devil Mountain, have aided in accelerating growth, specifically in the nursery product line.
With 60% of its branches being bilingual, SiteOne has enhanced customer relations and expanded its customer base.
The company's growth strategy involves maintaining a robust acquisition pipeline for 2024 and beyond.
The integration of new acquisitions, specifically Pioneer and Devil Mountain, is a key focus, which will also benefit from their geographic and business diversity.
SiteOne 繼續擴大其足跡，在美國和加拿大擁有 690 多家分支機構和四個配送中心。
最近的收購，包括Devil Mountain的收購，有助於加速增長，特別是在苗圃產品線方面。
由於其60％的分支機構是雙語的，SiteOne加強了客戶關係並擴大了客戶群。
該公司的增長戰略包括在2024年及以後保持穩健的收購渠道。
整合新收購，特別是Pioneer和Devil Mountain是重點，這也將受益於它們的地理和業務多樣性。
More details: SiteOne Landscape Supply IR
更多詳情： SiteOne 景觀供應紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。