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. reports developments in the U.S. pool and spa care aftermarket, where it serves residential customers and pool professionals through company-operated locations and a digital platform. The company sells essential pool and spa care products, including chemicals, equipment, parts, cleaning and maintenance items, and related products, and also provides installation and repair services for pool and spa equipment.
Recurring updates cover quarterly and annual results, seasonal demand, pricing actions, inventory and cost initiatives, store and distribution optimization, and progress under strategic transformation programs. Company news also includes board and executive changes, shareholder-meeting matters, Nasdaq listing compliance, and other public-company governance developments.
Leslie's, Inc. (NASDAQ:LESL) will release its financial results for Q1 2022 on February 3, 2022, after market close. A conference call is scheduled for the same day at 4:30 PM ET for discussion of these results. Interested participants can join by dialing 877-407-0784, or via the live audio webcast available on their investor relations website. Founded in 1963, Leslie's is the largest direct-to-consumer brand in the U.S. pool and spa care industry, offering products through over 950 locations and digital platforms.
Leslie's (Nasdaq: LESL) announced an underwritten public offering of 12,500,000 shares by non-management stockholders, with an option for underwriters to purchase an additional 1,875,000 shares. The company will not receive any proceeds from the offering, which is set to settle on December 16, 2021. Concurrently, Leslie's plans to repurchase 7,500,000 shares from the selling stockholders at the same price as the offering. Goldman Sachs and Morgan Stanley are acting as underwriters. The offering's registration statement is effective with the SEC.
Leslie’s, Inc. (Nasdaq: LESL) announced a secondary offering of 12,500,000 shares by non-management stockholders, with the potential for an additional 1,875,000 shares. The Selling Stockholders will receive all proceeds from this offering, while Leslie’s will not participate or receive funds. Concurrently, the company plans to repurchase 7,500,000 shares from these stockholders at the offering price. The share repurchase is dependent on the offering's closure but not vice versa.
Goldman Sachs and Morgan Stanley are the underwriters for this transaction.
Leslie's, the leading U.S. pool and spa brand, reported robust financials for fiscal 2021, achieving a 20.7% sales growth to $1,342.9 million, with comparable sales up 21.5%. The company recorded a 116.0% increase in net income to $126.6 million and 78.1% growth in diluted EPS to $0.67. For fiscal 2022, guidance forecasts a 10%-12% sales increase and an 11%-18% rise in adjusted diluted EPS. Additionally, a $300 million share repurchase program was authorized, reflecting confidence in business performance.
Leslie’s, Inc. (NASDAQ:LESL), the leading direct-to-consumer brand in the U.S. pool and spa care sector, will announce its fourth-quarter fiscal 2021 financial results after market close on December 9, 2021. A conference call to discuss the results is scheduled for 4:30 p.m. ET. Investors can access the call by dialing 855-327-6837 or through a live audio webcast available on the company's investor relations website. A recorded replay will be accessible shortly after the call for 90 days.
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Leslie’s announced the pricing of a secondary offering of 15,820,000 shares of its common stock at $22.00 per share, up from a previous announcement of 13,000,000 shares. The offering will close on September 17, 2021, pending customary closing conditions. Selling stockholders will receive all proceeds, while Leslie’s will not participate or receive any funds. Additionally, underwriters have a 30-day option to buy 2,373,000 shares. The registration statement for these securities was effective as of September 14, 2021.
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.