Why did SITE's Q4 2024 EPS beat expectations?

SiteOne Landscape Supply's (NYSE: SITE) Q4 2024 EPS beat expectations due to several key factors:

1. Revenue Outperformance: The company reported revenue of $1.41 billion for the quarter, which was a 4.4% increase from the same period in the previous year. This growth in revenue exceeded analysts' expectations, with a consensus revenue estimate of $1.39 billion for the quarter.
2. Cost Management: Despite the increase in expenses that impacted profit margins in the quarter, SiteOne Landscape Supply managed to maintain profitability. The company's net income for the quarter was $120.2 million, which, although slightly down from the previous year, was still sufficient to beat EPS estimates.
3. Strategic Initiatives: SiteOne Landscape Supply has been executing its long-term plans effectively, which has likely contributed to its financial performance. The company's focus on growth initiatives and its position as a leading wholesale distributor of landscaping supplies in the United States and Canada likely helped it to withstand challenges and achieve better-than-expected results.

In conclusion, SiteOne Landscape Supply's Q4 2024 EPS beat expectations due to strong revenue outperformance, effective cost management, and strategic initiatives. These factors combined to enable the company to exceed EPS estimates, despite some challenges in the broader economic environment.