Diversey Reports First Quarter 2021 Results
FIRST QUARTER HIGHLIGHTS
Q1 top line grew 2% vs 2019 pre-COVID-19 baseline and -3.6% vs 2020 despite more restrictive COVID-19 lockdowns than expected
Net loss of $95.7 million in Q1 driven by significant IPO related costs
Adjusted net income of $27.2 million versus $22.5 million in Q1 2020, representing 20.9% growth
Adjusted EBITDA of $92.7 million represents a 60 basis point adjusted EBITDA margin improvement versus Q1 2020 and a 630 basis point improvement versus Q1 2019.
Unaudited
(millions)
(1) See the “Non-GAAP Financial Information and Segment Adjusted EBITDA” section herein for explanations of these financial measures.
FORT MILL, S.C., May 14, 2021 (GLOBE NEWSWIRE) In its first public earnings release since becoming a publicly traded company, Diversey Holdings, Ltd. (“Diversey”) announced that its 2021 first quarter results were in-line with its expectations despite heavy lockdowns in most parts of the world.
Diversey Announces date of First Quarter 2021 Earnings Release and Conference Call
FORT MILL, S.C., April 22, 2021 (GLOBE NEWSWIRE) Diversey Holdings, Ltd. (Nasdaq: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced that it will release its first quarter 2021 financial results before market open on Friday, May 14, 2021. Management will also host a conference call on the day of the release (May 14, 2021) at 8:30 am ET to discuss the results.
Interested parties may access the conference call live over the phone by dialing 1-877-407-0784 (Toll Free) or 1-201-689-8560 (Toll/International) and requesting the Diversey First Quarter 2021 Earnings Conference Call. Participants are asked to dial in a few minutes prior to the call to register for the event. The event will also be available live via webcast which can be accessed here.
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