Diversey Reports 10% Rise in 2nd-Quarter SalesAugust 4, 2022
The company’s institutional segment reported second-quarter net sales of $509.6 million, up 7% from $476.4 in the same quarter in 2021. Sales in Diversey’s food and beverage division jumped 18.4% from the previous year, up from $173.7 million to $205.7 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.”
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.