By Chase Holmes, News Reporter IRONDALE -- A new branch of SiteOne Landscape Supply is now open in Irondale. The company specializes in all aspects of landscaping, offering a wide range of products and services to cater to the needs of both residential and commercial customers. With their expertise and dedication to quality, SiteOne is quickly becoming a go-to destination for landscaping solutions in the area.
Despite missing earnings, the market responded positively to SITE's financial performance, resulting in a 6% increase in stock price after the latest report. This demonstrates the investors' confidence in the company's ability to overcome challenges and continue its growth trajectory. SiteOne's expansion to Irondale further solidifies its position as a leading player in the landscaping industry.
Return On Capital Employed (ROCE): What Is It? ROCE is a financial metric used to evaluate a company's profitability and efficiency in utilizing its capital investments. For SiteOne Landscape Supply, the ROCE stands at 12%, indicating that the company is effectively generating returns on its capital employed. This showcases SiteOne's strong financial management and strategic decision-making.