Leslie'S, Inc. Stock Price, News & Analysis

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.

Leslie’s, Inc. (Nasdaq: LESL) announced a secondary offering of 29 million shares by certain stockholders, with an option for underwriters to purchase an additional 4.35 million shares. The stockholders will receive all proceeds, with Leslie’s not participating in the sale or receiving any benefits from the offering. Goldman Sachs, Morgan Stanley, and BofA Securities are leading the offering. A registration statement has been filed but is not yet effective, preventing any sales prior to its activation.

Leslie’s, Inc. (NASDAQ: LESL) reported record first quarter sales of $145.0 million, marking a 17.9% increase year-over-year. Adjusted net loss improved to $(10.6) million, a $13.7 million enhancement compared to the previous year. The company raised its Fiscal 2021 sales outlook by $20 million and adjusted EBITDA by $10 million. Gross profit increased 25.9% to $51.7 million, with a gross margin of 35.7%. However, SG&A expenses rose to $77.5 million, driven by non-cash compensation and one-time payments.

Leslie's, Inc. (NASDAQ:LESL) reported a significant financial performance for Fiscal 2020, with sales soaring 19.8% to a record $1,112 million. Comparable sales rose 18.0%. The company achieved a net income of $58.6 million, a notable increase from just $0.7 million in Fiscal 2019. Adjusted net income also surged to $65 million. Fourth quarter sales were particularly strong, increasing 27.9% to $381.3 million. The company anticipates continued growth in Fiscal 2021, projecting sales between $1,155 and $1,175 million.

Leslie's, Inc. (NASDAQ:LESL) will release its fourth quarter and full fiscal 2020 financial results on December 21, 2020, before market open. A conference call is scheduled for 9:00 a.m. ET to discuss these results. Investors can participate by calling 877-407-0784. A live audio webcast will also be available. Leslie's, founded in 1963, is the largest direct-to-consumer brand in the U.S. pool and spa care industry, operating over 900 locations and employing more than 5,000 professionals.

Leslie's, Inc. announced the closing of its initial public offering (IPO) on November 2, 2020, offering a total of 46,000,000 shares of common stock at $17.00 per share. The offering included 30,000,000 shares issued by Leslie's and 16,000,000 shares sold by a parent entity controlled by L Catterton and GIC. The common stock began trading on the Nasdaq under the ticker symbol 'LESL' on October 29, 2020. Notably, Leslie's did not receive proceeds from the shares sold by the Selling Stockholder. Goldman Sachs, Morgan Stanley, and BofA Securities acted as joint lead book-running managers for the offering.

Leslie's, Inc., the largest U.S. pool and spa care brand, has priced its initial public offering (IPO) of 40 million shares at $17.00 each. Of these, 30 million shares are being offered by Leslie's, while 10 million are from a parent entity. The offering includes a 30-day option for underwriters to purchase an additional 6 million shares. Leslie's expects to net approximately $465 million and intends to use these proceeds to repay $390 million in senior unsecured notes due 2024 and for general corporate purposes. Trading under the ticker 'LESL' will begin on October 29, 2020.