Welcome to our dedicated page for Leslie's news (Ticker: LESL), a resource for investors and traders seeking the latest updates and insights on Leslie's stock.
Leslie's, Inc. (NASDAQ: LESL) is the largest and most trusted direct-to-consumer pool and spa care brand in the United States. Founded in 1963, the company offers a comprehensive assortment of products across chemicals, equipment and parts, cleaning and maintenance equipment, and safety, recreational, and fitness-related products. Leslie's caters to the aftermarket needs of residential pool and spa owners, professional pool operators, and commercial pool facilities.
The company's product range includes essential pool and spa chemicals, equipment, and accessories. Operating exclusively within the United States, Leslie's boasts an integrated ecosystem of over 1,000 physical locations, combined with a robust digital platform. This enables consumers to engage with the brand whenever, wherever, and however they prefer to shop.
Leslie's has a dedicated team of associates, pool and spa care experts, and experienced service technicians who are passionate about empowering consumers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas. The company's extensive and largely exclusive product assortment ensures customers receive high-quality, reliable products to meet their pool and spa care needs.
Despite recent challenges such as unfavorable weather conditions and increased consumer price sensitivity, Leslie's remains focused on executing strategic initiatives to drive long-term market share gains and shareholder returns. The company has a long track record of profitable growth and continues to be a leader in the durable and advantaged consumer products category of aftermarket pool and spa care.
Leslie's also takes its Environmental, Social, and Governance (ESG) commitments seriously, regularly publishing annual ESG reports to measure and share its progress. These efforts are directed by the Chief Legal, Real Estate & Sustainability Officer, ensuring the company's operations align with its commitment to making a positive difference for consumers, associates, shareholders, and the broader community.
The company's financial performance is evaluated using both GAAP and non-GAAP measures, such as Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings per Share. These metrics provide valuable insights into the effectiveness of Leslie's business strategies and operational performance.
Leslie's continues to innovate and expand its offerings to meet the evolving needs of pool and spa owners. Recent initiatives include promoting above-ground pools as an affordable, easy-to-install option for homeowners and families. The company also offers in-store AccuBlue water testing to help pool owners maintain clean, safe, and clear water with a comprehensive, easy-to-follow water treatment plan.
For more information about Leslie's, visit lesliespool.com or follow and engage with the brand on Instagram, Facebook, and Twitter at @lesliespoolcare.
Leslie’s (Nasdaq: LESL) announced a secondary offering of 13 million shares of common stock by certain stockholders, with an additional option for underwriters to purchase 1.95 million more shares. All proceeds from this offering will go to the selling stockholders, and Leslie’s will not receive any funds. Notably, the company is not offering any new shares in this transaction. The offering is managed by renowned investment banks, including Morgan Stanley and Goldman Sachs.
Leslie's, Inc. (NASDAQ: LESL) has appointed James R. Ray, Jr. to its Board of Directors, enhancing its governance structure. Ray brings extensive experience in supply chain management, strategy development, and mergers and acquisitions, having previously held leadership roles at Stanley Black & Decker and TE Connectivity. He expressed enthusiasm about contributing to Leslie's growth, which is the leading U.S. brand in pool and spa care since 1963, operating over 950 locations and employing 5,000 associates.
Leslie's reported a record third quarter for fiscal 2021 with sales of $596.5 million, up 24.3% year-over-year. Net income reached $118.8 million, a significant 65.2% increase, with adjusted net income of $124.4 million (up 68.8%). Adjusted EBITDA rose to $179.3 million, an increase of 49.7%. The company raised its fiscal 2021 outlook, now expecting sales of $1,315 million and adjusted EBITDA of $265 million. This growth reflects strong consumer demand and effective strategic execution despite supply chain constraints.
Leslie's, Inc. (NASDAQ:LESL) will release its financial results for Q3 of fiscal 2021 after market close on August 4, 2021. A conference call to discuss these results is scheduled for 4:30 PM ET the same day. Investors and analysts can join by dialing 855-327-6837 (international: 1-631-891-4304) 10 minutes prior to the call. A live audio webcast will be available on their investor relations website, with a recorded replay accessible for 90 days post-call.
Leslie's, Inc. (Nasdaq: LESL) announced a secondary offering of 24.5 million shares at $27.64 each by certain stockholders, with an option to purchase an additional 3.675 million shares. Leslie's will not receive proceeds from this offering, expected to close on June 14, 2021. Goldman Sachs, Morgan Stanley, and BofA Securities are the lead underwriters. The company emphasizes its position as the largest U.S. brand in pool and spa care, operating 945 locations and employing over 5,000 experts. The offering details follow a registration statement declared effective on June 9, 2021.
Leslie’s, Inc. (Nasdaq: LESL) announced a secondary offering of 24,500,000 shares by certain stockholders, with an option for underwriters to purchase an additional 3,675,000 shares. The selling stockholders will retain all proceeds from this offering, while Leslie’s will not receive any funds. Goldman Sachs, Morgan Stanley, and BofA Securities are the lead underwriters. A registration statement has been filed but is not yet effective. The company is a leading direct-to-consumer brand in the pool and spa care industry, operating 945 locations.
Leslie's, the leading direct-to-consumer brand in the U.S. pool and spa care sector, announced its participation in the William Blair Annual Growth Stock Conference on June 3, 2021. CEO Mike Egeck reported impressive third-quarter results, exceeding expectations in sales and earnings. Due to a robust start to pool season, the company raised its fiscal 2021 guidance. Current projections include sales of $1,280 to $1,300 million and adjusted net income of $145 to $155 million.
Leslie's reported record sales of $192.4 million for Q2 2021, reflecting a 52.3% increase year-over-year. The company improved its GAAP net loss to $(6.5) million from $(29.8) million in the same quarter last year, and adjusted net loss improved to $(2.8) million. Adjusted EBITDA rose to $9.5 million, up from $(8.1) million. For Fiscal 2021, Leslie's raised its sales outlook by $75 million and adjusted EBITDA guidance by $25 million, anticipating a strong second half driven by growth initiatives and favorable market conditions.
Leslie's, the leading U.S. pool and spa care brand, will announce its Q2 fiscal 2021 financial results on May 5, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET, where management will discuss the results. Interested parties can access the call by dialing 855-327-6837 or via a live audio webcast on their IR website. The call will also be available for replay shortly after its conclusion.
Leslie’s, Inc. (Nasdaq: LESL) announced the pricing of an underwritten secondary offering by existing stockholders, totaling 29 million shares at $26.00 each. The offering will generate proceeds solely for the selling stockholders, with no proceeds for Leslie’s. Additionally, underwriters have a 30-day option to purchase 4.35 million extra shares. The offering is expected to close on February 16, 2021. This follows a registration statement declared effective on February 10, 2021. Leslie’s, founded in 1963, is the leading U.S. brand in pool and spa care.
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