ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne Landscape Supply, Inc. (the “Company” or “SiteOne”) (NYSE: SITE) announced earnings for its first quarter ended March 31, 2024 (“First Quarter 2024”). “During the first quarter of 2024 we experienced continued significant commodity pricing deflation which dampened our near-term results. Against this headwind we were pleased to achieve positive Organic Daily Sales growth, good Net sales growth, and improved operating cash flow for the quarter,” said Doug Black, SiteOne Chairman and CEO. “We were also pleased to add two more companies to our family in Ap...
ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne Landscape Supply, Inc. (NYSE: SITE) announced today the company has purchased a majority stake in Devil Mountain Wholesale Nursery, LLC (“Devil Mountain”), joining forces with minority owner and CEO Drew McMillan. Devil Mountain is the largest wholesale distributor of landscape trees and plants in California, with eight wholesale nursery distribution branches and six growing facilities across the state. The transaction includes the option for SiteOne to purchase the remaining interest in Devil Mountain in future years. Drew McMillan will continue to le...
ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Eggemeyer, a wholesale distributor of bulk landscape supplies with one location in New Braunfels, Texas, serving the greater central and south Texas market. “Since 2006, Eggemeyer has built a tremendous reputation as the leading distributor of bulk landscape supplies in the San Antonio market,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “This addition solidifies our position as the leading bulk landscape distributor in the fast-growing cent...
In this weekend update, we reconsider our initial takes on several events last week and how they could be affected by events this week. Specifically, we look at the interplay of the FCC’s Title II Order, the Second Circuit opinion upholding New York State’s mandate for ISPs to offer low-income households a low-cost broadband offering, Senator Cantwell’s draft spectrum bill, and how all are affected by the end of ACP funding in the next few weeks.
Our target price declines to $580 from $600 on lower estimates. Investment Thesis: META may be in the penalty box for a few quarters as consensus estimates come in, and catalysts get more likely going into September events (Connect, Conversations). We remain Buy rated and would build positions near-term, then accumulate more aggressively as catalysts approach.
Varonis at RSAC 2024: Reducing AI's Blast Radius and Deploying Copilots Safely Watch the main stage keynote and visit North Hall, Booth #5658 to learn how to improve your data security posture in the AI era NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: VRNS), a leader in data security, released its as a Platinum Plus Sponsor of the RSA Conference 2024, taking place May 6 – 9 in San Francisco. Varonis' highlights include a main stage keynote on reducing AI's blast radius, an expert session on deploying AI copilots safely, and the unveiling of a completely rebranded booth at #56...
What’s New: In this first take following tonight’s results, we touch on: 1. Higher 2024 capex will drive increased investor focus on the R in ROI on generative AI 2. So, what AI initiatives could drive new revenues in 2024? 3. 1Q24 actual revenue and 2Q24 guidance strong, but not enough for the biggest Bulls 4. No updates on the $10B Contribution Club, but Meta Lattice highlighted for ad impact 5. Paid Messaging on WhatsApp is a $1 billion business, slightly above our estimate 6. Expense guidan...
Moody's Ratings (Moody's) today affirmed Sally Holdings LLC's ("Sally") Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR), the Ba2 rating on its backed senior unsecured notes due 2032 and the Baa3 rating on the company's backed senior secured term loan due 2030. The comp...
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