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Diversey Holdings, Ltd. (NASDAQ: DSEY) announced its fourth quarter and full-year results for 2021, showcasing top-line growth and margin expansion. The net loss attributable to common stockholders was $35.7 million in Q4 and $174.8 million for the entire year. Q4 revenues reached $672.4 million, up 1% year-over-year, while full-year revenues were flat at $2.62 billion. Adjusted EBITDA grew by 13.7% in Q4 to $109.5 million, with an increased margin of 16.3%. Despite challenges such as rising raw material costs, the company anticipates high single-digit revenue growth for 2022, driven by recovery and new business opportunities.
Diversey Holdings, Ltd. (NASDAQ: DSEY) has appointed Katherine S. Zanotti to its board of directors effective March 1, 2022, increasing the board size to eleven members. Zanotti brings extensive experience in sales and marketing from her previous roles, including CEO of Arbonne International and SVP of Marketing at McDonald's. Her background is expected to enhance Diversey's growth strategy. The company focuses on hygiene, infection prevention, and cleaning solutions, aiming to safeguard public health and the environment.
Diversey Holdings, Ltd. (NASDAQ: DSEY) announced it will release its fourth quarter and full year 2021 financial results on March 9, 2022, before the market opens. A conference call and webcast will follow at 8:30 am ET to discuss these results, with access available here. An audio replay will be accessible shortly after the call until March 23, 2022.
Reckitt Benckiser Group plc and Diversey Holdings (NASDAQ: DSEY) announced a distribution collaboration to enhance access to hygiene solutions in the B2B sector. The partnership will distribute Reckitt’s leading brands, including Dettol and Lysol, in the Middle East, Asia Pacific, Turkey, and Russia starting March 2022. This collaboration aims to protect employees and customers from germ spread, capitalizing on Reckitt's consumer trust and Diversey's B2B expertise. Financial terms were not disclosed.
Diversey Holdings, Ltd. (NASDAQ: DSEY) has successfully acquired Shorrock Trichem, a UK-based distributor of cleaning solutions, bolstering its market position and expanding its product portfolio. With annual revenues exceeding $30 million, this acquisition enhances Diversey’s sales capabilities and improves customer service through Shorrock’s experienced workforce. This marks Diversey’s fifth acquisition in 13 months, aligning with its strategy to enhance capabilities and strengthen market presence.
Diversey Holdings, Ltd. (NASDAQ: DSEY) has successfully completed the acquisition of Birko Corporation and its subsidiary Chad Equipment LLC. This strategic move enhances Diversey’s market position in North America, with estimated sales over $40 million in 2021. The acquisition expands Diversey's service and product offerings, particularly in the food safety sector, and allows for greater manufacturing capacity within the U.S. This is expected to drive cross-selling opportunities and strengthen supply chain control.
Diversey Holdings, Ltd. (Nasdaq: DSEY) announced that CEO Phil Wieland and CFO Todd Herndon will present at Citi’s 2021 Basic Materials Conference on November 30, 2021, starting at approximately 2:45 PM ET. The presentation will take the form of a fireside chat, and both executives will be available for one-on-one and small group investor meetings afterward. Diversey is a leading provider of hygiene and cleaning solutions, committed to protecting people and the environment with innovative products and technologies.
Diversey Holdings, Ltd. (NASDAQ: DSEY) announced the pricing of a public follow-on offering of 15 million ordinary shares at $15.00 per share. The underwriters have a 30-day option to purchase an additional 2.25 million shares. Proceeds from the offering will be used for general corporate purposes, including capital expenditures and potential acquisitions. The offering is expected to close on November 15, 2021, pending customary closing conditions. Major financial institutions are managing the offering, and the registration statement was declared effective by the SEC on November 10, 2021.
Diversey Holdings (NASDAQ: DSEY) has announced a public offering of 15 million ordinary shares, with a 30-day option for underwriters to purchase an additional 2.25 million shares. The proceeds from this offering will be directed towards general corporate purposes, including capital expenditures and growth opportunities. Citigroup and Morgan Stanley are acting as book-running managers for this offering. A registration statement has been filed with the SEC, but it is not yet effective, meaning no shares can be sold until it is activated.
Diversey Holdings, Ltd. (NASDAQ: DSEY) has completed the acquisition of certain assets from Avmor Ltd, a Canadian hygiene solutions provider. This acquisition strengthens Diversey's market presence in Quebec and enhances its offerings for distributors and customers. Although financial details remain undisclosed, Diversey's management anticipates delivering a comprehensive portfolio of cleaning solutions. Avmor, with over 70 years in the industry, aims for this transition to benefit its brand and stakeholders, focusing on product quality and customer service.
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