Diversey Announces Third Quarter 2022 Results
Diversey Holdings, Ltd. - Ordinary Shares (DSEY)
Company Research
Source: GlobeNewswire
Reported sales +3.6% compared to prior year; +17.3% in constant currency Institutional (2%) reported sales and +12% in constant currencyFood and Beverage +18% reported sales and +33% in constant currency Net Loss of $36.5 million for the third quarter Adjusted EBITDA was $88.0 million, representing Adjusted EBITDA margin of 12.8%Adjusted EBITDA margin declined (320) basis points compared to prior year; improved by 40 basis points sequentially from the second quarter 2022 and 370 basis points from the first quarter 2022 Updating 2022 full year revenue outlook to mid-single digit percent growth; Adjusted EBITDA outlook to at least $330 million to reflect current exchange rate environment and incremental input costs FORT MILL, S.C., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Diversey Holdings, Ltd. ("Diversey") (NASDAQ: DSEY) announces third quarter results. “We delivered strong top line growth in the quarter of 17% in constant currency, driven by high customer retention, new business wins an
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