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    Andrew Carter

    Research Analyst at Stifel

    Andrew Carter is Vice President and Senior Equity Analyst at Stifel, specializing in cannabis sector research, and previously consumer and retail coverage including the food and tobacco industries. He currently leads Stifel’s cannabis research effort and has covered notable companies such as Lowe’s and Hayward, with documented calls and coverage changes on platforms like TipRanks and MarketBeat. Carter joined Stifel in 2008 and spent his first 11 years as a senior associate before launching formal coverage of Canadian cannabis producers; he holds an MBA from Washington University’s Olin Business School, a B.S. from the United States Military Academy at West Point, and is a CFA charterholder. His credentials include a strong analytical performance record and recognized sector expertise.

    Andrew Carter's questions to SiteOne Landscape Supply (SITE) leadership

    Andrew Carter's questions to SiteOne Landscape Supply (SITE) leadership • Q1 2025

    Question

    Andrew Carter asked about SiteOne's ability to negotiate with suppliers on tariff-driven price increases and the competitive landscape. He also inquired about current labor constraints affecting customers.

    Answer

    CEO Doug Black asserted that as the industry leader, SiteOne aggressively manages supplier negotiations. Executive Vice President John Guthrie added that suppliers are also being cautious with increases due to the economic environment. Regarding labor, Black stated that while the market remains tight, the company has not seen unusual disruptions, and its customers seem confident in their ability to manage their workforce and sustain operations.

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