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) 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.
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.