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) 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.
Leslie's, the largest direct-to-consumer brand in the U.S. pool and spa care sector, has filed a Form S-1 registration statement with the SEC for a proposed initial public offering (IPO) of its common stock. The ticker symbol for trading will be "LESL" on the Nasdaq Global Market, although the number of shares and price range remain unspecified. Goldman Sachs, Morgan Stanley, and BofA Securities are designated as joint lead book-running managers for the offering. The registration statement is pending effectiveness, and these securities cannot be sold until it becomes active.