Diversey reported fiscal third-quarter net sales of US$689 million, an increase of 3.6 per cent from $664.9 million in sales one year earlier.
The company’s institutional segment reported second-quarter net sales of $479.4 million, a dip of 1.6 per cent from $487.2 in the same quarter in 2021.
Sales in Diversey’s food and beverage division jumped 18 per cent from the previous year, up from $177.7 million to $209.6 million.
“We delivered a solid quarter with strong and broad-based top line growth, driven by high customer retention, new business wins, and accelerating pricing,” said Phil Wieland, Diversey CEO.
“Our institutional and food and beverage revenues are well above pre-pandemic levels on a constant currency basis, with additional recovery still to be captured.
“While significant global macro challenges remain, the strength and resiliency of our business model gives us ongoing confidence that we will achieve our full year outlook after adjusting for the currency impact,” said Wieland.
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