Diversey Reports Increase in 4th-Quarter SalesMarch 10, 2022
Diversey reported fiscal fourth-quarter sales of US$672.4 million, an increase of 0.7% from $667.4 million in sales one year earlier.
The company’s adjusted net income in fourth quarter 2021 was $51.2 million, or $0.16 per share, compared to $15.7 million, or $0.11 per share in the same quarter 2020. According to Diversey, both its institutional and food and beverage divisions displayed positive momentum, winning new clients while improving margins. The company’s food and beverage division increased net sales 14% to $185.5 million while the institutional division’s quarterly sales dipped slightly (3.5%) to $486.9 million.
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.