Diversey Holdings Ltd. Misses Q3 EPS by 20c
Investing.com
Published Nov 03, 2022 08:17AM ET
Updated Nov 03, 2022 08:29AM ET
Diversey Holdings Ltd. (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.
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Written By: Investing.com
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