Diversey Increases 1st-Quarter Sales 4.5%May 11, 2022
The company’s institutional segment reported first-quarter net sales of $472.2 million, up 0.9% from $467.9 in the same quarter in 2021. Sales in Diversey’s food and beverage division jumped 14.8% 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% 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.”
With sales in more than 175 countries, Diversey is a global provider of commercial cleaning, sanitation, and hygiene solutions. For more information, visit www.diversey.com.