SiteOne Landscape Supply Inc. (NYSE: SITE) of Roswell, Georgia reported 2021 fourth-quarter net sales of more than $805 million, a 19% increase over the same period in 2020.
Site One’s organic daily sales for 4Q increased by 21%, while gross profit increased 27% to $282.4 million.
Fourth-quarter net income increased to $27.5 million from $11.5 million in 2020, and adjusted EBITDA increased by 41% to $61.8 million.
For 2021 overall, SiteOne reported that net sales increased by 29% since 2020 to $3.48 billion.
Gross profit in 2021 increased 35% to $1.21 billion, while adjusted EBITDA increased 60% to $415.1 million.
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