1. The Professional’s Source for Turf Care First Quarter 2004 4/29/04

2. Safe Harbor Statement 1. Portions of this presentation and other statements relating to sales and earnings expectations, the amount of the charge associated with the sale of the accounts receivable portfolio, new Service Center openings and profitability, the Company’s ability to impose price increases and other statements that are not historical information are forward- looking statements and, as such, reflect only the Company’s best assessment at this time. Investors are cautioned that forward-looking statements involve risks and uncertainties, that actual results may differ materially from such statements and that investors should not place undue reliance on such statements. Factors that may cause actual results to differ materially from those projected or implied in the forward-looking statements include, but are not limited to, the final resolution of certain contingencies relative to the collection of identified accounts receivable, the Company’s ability to add new Service Centers in accordance with its plans, which can be affected by local zoning and other governmental regulations and its ability to find favorable store locations, to negotiate favorable leases, to hire qualified individuals to operate the Service Centers, and to integrate new Service Centers into the Company’s systems; competitive factors in the Company’s business, including pricing pressures; lack of availability or instability in the cost of raw materials which affects the costs of certain products; the Company’s ability to impose price increases on customers without a significant loss in revenues; potential rate increases by third-party carriers which affects the cost of delivery of products; potential regulations; the Company’s ability to effectively manufacture, market and distribute new products; the success of the Company’s operating plans; regional weather conditions; and the condition of the industry and the economy. For a further discussion of risk factors, investors should refer to the Company’s Securities and Exchange Commission reports, including but not limited to, Form 10-K for the year ended December 31, 2003.

3. Operating Results Year End 2003 2. Operating Results First Quarter 2004 2.

4. First Quarter 20042003 Class of 2003$2.9$0.2 Class of 2004 0.5  $3.4$0.2 n Net sales increased 8% n Lawn Care  Increase of 10.4% n Golf  Decrease of 3.9% n Service Center Sales  Same-store increase of 5.0%  Total increase of 10.2%  New Service Center sales - 0.9% 1.5% 2.3%Sales First Quarter 2004 3. 3.1% 1.1% 8.0%

5. Sales Customer Sector by Transacting Location 4.

6. Product Margin First Quarter 2004 5.

7. Distribution Cost First Quarter 2004 6.

8. n Selling expense increase due to –  New Service Centers – Selling Expenses First Quarter 2004 7. First Quarter 20042003 Class of 2003$1.0$0.3 Class of 2004 0.2  $1.2$0.3 * non-GAAP presentation

9. G&A Expenses First Quarter 2004 8.

10. Pre-Tax Operating Results First Quarter 2004 9.

11. New Service Centers Pre-Tax Operating Results First Quarter 2004 10.

12. Loss Per Share First Quarter 2004 11. *Results reflect income tax benefit recorded at estimated tax rate of 39%.

13. Capital Investment (a) The above has been adjusted for the asset securitization: 2Q01 of $35.0 million, 3Q01of $37.0 million and 4Q01 of $31.2 million. (b) Excludes accruals relative to asset rationalization and severance costs. 12.

14. Free Cash Flow* First Quarter 2004 13. 2004 2003 EBIT ($7.2) ($8.0) Depreciation & amortization 1.9 2.1 EBITDA (5.3) (5.9) Working capital changes 2.9 (22.3) Interest payments (0.2) (1.2) Tax refunds 3.6 0.1 Capital expenditures (0.8) (2.7) Free Cash Flow $0.2 $(32.0) *non-GAAP presentation

15. First Quarter Consolidated Statements of Operations, Balance Sheets, and Cash Flows 14.

16. Consolidated Statements of Operations 15. (a) On a generally accepted accounting principles (GAAP) basis, LESCO cannot recognize the benefit of establishing a deferred tax asset to be realized in a future period, because of the required accounting treatment for its current tax position. Management believes that in order to present a more meaningful comparison to historical Company results, a tax benefit should be reflected based on the operating loss recorded in the first quarter of 2004. This assumes that LESCO will realize benefits in the future from its deferred tax assets which is an assumption not recognized by GAAP. The Company’s GAAP operating results are included in column 1, the adjustment to taxes in column 2 and the operating results including the tax adjustments in column 3. The adjusted results reflect a tax benefit calculated assuming a tax rate of 39%. Three Months Ended March 31, 2004 (a) Tax Adjustments Results Including Tax Adjustments Three Months Ended March 31, 2003 Net sales $ 102,044 $ $ $ 94,450 Cost of product (68,947) (63,818) Distribution cost (9,482) (10,302) Gross profit on sales 23,615 20,330 Selling expense (21,840) (20,742) General & administrative expense (7,288) (7,351) Merchant discounts and provision for doubtful accounts (1,628) (531) Pre-opening expense (222) (166) Other expense (61) (40) Other income 196 549 Loss before interest and taxes (7,228) (7,951) Interest expense (384) (384) (1,288) Loss before income tax (provision) benefit (7,612) (9,239) Income tax (provision) benefit (340) 3,309 2,969 3,492 Net loss $ (7,952) $ 3,309 (4,643) (5,747) Loss per share of common stock: Diluted $ (0.92) $ $0.38 ($0.54) (0.68) Basic $ (0.92) $ $0.38 ($0.54) (0.68) Average number of common shares and common share equivalents outstanding: Diluted 8,677,507 8,523,914 Basic 8,677,507 8,523,914

17. Consolidated Balance Sheets 16.

18. Consolidated Statement of Cash Flows 17.

19. The Professional’s Source for Turf Care