Company Continues Opening New Service Centers to Better Serve Customers
CLEVELAND, Nov. 28 /PRNewswire-FirstCall/ -- LESCO, Inc. (NASDAQ:LSCO), a leading provider of professional turf care and pest control products, continues its growth with the opening of its 300th LESCO Service Center(R) location. The Service Center is located in Concord, California and is the 26th Service Center to open in 2005.
In 2003, after five years of no store expansion, the Company embarked on a campaign to resume opening new Service Centers and has since added 74 locations to its portfolio. LESCO believes there are opportunities for 500+ Service Centers over the long-term and, as previously communicated, intends to increase its store base by 10 to 15 percent annually.
"LESCO is one of the most recognizable brands in the professional green industry, providing quality products and agronomic expertise to more than 130,000 lawn care, landscape, golf course and pest control professionals across the country. We look forward to helping more of these businesses grow in the years to come, as we expand into the roughly 50% of the market that we have not yet penetrated," noted Jeffrey Rutherford, LESCO's President and Chief Executive Officer.
Mr. Rutherford concluded, "We appreciate the hard work and dedication of all our sales associates in helping us achieve this tremendous milestone. Most importantly, the traction we have gained with our newer Service Centers demonstrates that we are using our capital wisely and making progress towards our goal of generating a return on invested capital above 10%." About LESCO, Inc.
LESCO serves more than 130,000 customers worldwide, through 300 LESCO Service Center(R) locations, 111 LESCO Stores-on-Wheels(R) vehicles, the Internet, and other direct sales efforts. Additional information about LESCO can be found on the Internet at http://www.lesco.com/.
CONTACT:
Michael Weisbarth
Vice President & Chief Financial Officer
LESCO, Inc. 216-706-9250
DATASOURCE: LESCO, Inc.
CONTACT: Michael Weisbarth, Vice President & Chief Financial Officer of LESCO, Inc., +1-216-706-9250 Web site: http://www.lesco.com/
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