Diversey Holdings Ltd. (DSEY) Misses Q3 EPS by 20c

Diversey Holdings Ltd. (NASDAQ: DSEY) reported Q3 EPS of ($0.11), $0.20 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $689 million versus the consensus estimate of $715.28 million.

GUIDANCE:

Diversey continues to be encouraged by the resiliency of the core business and the ability to grow while implementing pricing actions reflective of the inflationary environment. The macro background is unpredictable and the volatility in global exchange rates continues to impact the Company's strong execution. Accordingly, Diversey believes it is appropriate to update its full year revenue guide to mid-single digit percent growth over 2021, which would be mid-teen percent growth in constant currency. Diversey is updating its current outlook for Adjusted EBITDA to be at least $330 million to reflect the exchange rate environment and additional input cost headwind.

For earnings history and earnings-related data on Diversey Holdings Ltd. (DSEY) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c
• Rein Therapeutics Inc. (RNTX) Tops Q2 EPS by 39c