Diversey reported fiscal first-quarter sales of US$660 million, an increase of 4.5 per cent from $631.5 million in sales one year earlier.
The company’s institutional segment reported first-quarter net sales of $472.2 million, up 0.9 per cent from $467.9 in the same quarter in 2021.
Sales in Diversey’s food and beverage division jumped 14.8 per cent from the previous year, up from $163.6 million to $187.8 million.
“We delivered a solid quarter with strong and broad-based top-line growth, driven by accelerating pricing and new business wins along with high customer retention,” said Phil Wieland, Diversey CEO.
“Our institutional and food and beverage revenues were 6.8 per cent higher than pre-pandemic levels with additional recovery still to be captured. We are pricing for inflation and expect to see our revenue and margins continue to improve throughout the remainder of the year.”
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