PHOENIX - Leslie’s, Inc. (NASDAQ:LESL), a leading company in the U.S. pool and spa care industry, has announced the appointment of Maile (Clark) Naylor to its Board of Directors, effective today. Naylor steps into the role as a Class I Director, also joining the Audit and Compensation Committees, following the resignation of Eric Kufel.
Kufel, who has served on Leslie's board since 2018, is departing to focus on his new position as Chairman and CEO of another company. His exit is not due to any disagreements with Leslie's operational, policy, or practice matters, according to the company's statement.
John Strain, Leslie's Chairman of the Board, expressed gratitude for Kufel's contributions and welcomed Naylor's addition to the board. Strain highlighted Naylor's extensive experience, including her previous roles on multiple public company boards and her background as an analyst and investor, as assets that will bring valuable insights to Leslie's.
Naylor herself expressed her admiration for Leslie's market position and the favorable long-term prospects of the industry. Her 25-year career has been centered on consumer-related companies, with experience at MFS Investment Management, Seneca Capital Management, and Wellington Management. Currently, she holds positions as an Independent Director at BJ’s Wholesale Club (NYSE:BJ) and Laird Superfood (NYSE American:LSF), and serves on the Board of Advisors for Boston Ballet.
Leslie's, founded in 1963, prides itself as the most trusted direct-to-consumer brand in its sector, providing a wide array of essential products through over 1,000 physical locations and a comprehensive digital platform. The company emphasizes its commitment to empowering consumers with the knowledge and solutions for pool and spa care.
InvestingPro Insights
As Leslie's, Inc. (NASDAQ:LESL) welcomes Maile (Clark) Naylor to its Board of Directors, investors are keeping a close eye on the company's financial health and stock performance. Recent data from InvestingPro shows a market capitalization of $990.22 million, reflecting the company's current valuation in the market. Despite a challenging period, Leslie's has demonstrated resilience with a significant return of 19.62% over the last week and an even stronger return of 28.08% over the last month, indicating a positive short-term investor sentiment.
The company's P/E ratio stands at 67.1, which suggests a premium valuation compared to the industry average. This high earnings multiple may be attributed to investor expectations of future growth, reinforced by an InvestingPro Tip highlighting that analysts predict Leslie's will be profitable this year. It's also worth noting that Leslie's liquid assets exceed its short-term obligations, providing financial flexibility and stability.
Investors looking to delve deeper into Leslie's financials and stock performance can find additional insights and analysis on InvestingPro. There are 9 more InvestingPro Tips available, offering a comprehensive understanding of the company's prospects and challenges. To access these insights and enhance your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/LESL.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.