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Diversey Holdings, Ltd. – ‘10-Q’ for 9/30/22 – ‘EX-31.1’

On:  Thursday, 11/3/22, at 7:03am ET   ·   For:  9/30/22   ·   Accession #:  1628280-22-27952   ·   File #:  1-40293

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/22  Diversey Holdings, Ltd.           10-Q        9/30/22   99:10M                                    Workiva Inc Wde… FA01/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.36M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
11: R1          Cover                                               HTML     77K 
12: R2          Condensed Consolidated Balance Sheets               HTML    132K 
13: R3          Condensed Consolidated Balance Sheets               HTML     42K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML    115K 
15: R5          Condensed Consolidated Statements of Comprehensive  HTML     57K 
                Loss                                                             
16: R6          Condensed Consolidated Statements of Comprehensive  HTML     29K 
                Loss (Parenthetical)                                             
17: R7          Condensed Consolidated Statements of Stockholders'  HTML     79K 
                Equity                                                           
18: R8          Condensed Consolidated Statements of Cash Flows     HTML    149K 
19: R9          Condensed Consolidated Statements of Cash Flows     HTML     30K 
                (Parenthetical)                                                  
20: R10         The Company and Basis of Presentation               HTML     44K 
21: R11         Significant Accounting Policies                     HTML     35K 
22: R12         Revenue Recognition                                 HTML     53K 
23: R13         Acquisitions                                        HTML     47K 
24: R14         Financial Statement Details                         HTML    111K 
25: R15         Property and Equipment, Net                         HTML     40K 
26: R16         Goodwill and Identifiable Intangible Assets         HTML     81K 
27: R17         Debt and Credit Facilities                          HTML     60K 
28: R18         Derivatives and Hedging Activities                  HTML     83K 
29: R19         Fair Value Measurements and Other Financial         HTML     95K 
                Instruments                                                      
30: R20         Defined Benefit Pension Plans and Other             HTML     46K 
                Post-Employment Benefit Plans                                    
31: R21         Income Taxes                                        HTML     35K 
32: R22         Commitments and Contingencies                       HTML     34K 
33: R23         Related Party Transactions                          HTML     32K 
34: R24         Share-Based Compensation                            HTML     65K 
35: R25         Restructuring and Exit Activities                   HTML     68K 
36: R26         Accumulated Other Comprehensive Loss                HTML     55K 
37: R27         Segments                                            HTML    124K 
38: R28         Earnings (Loss) Per Share                           HTML     55K 
39: R29         Significant Accounting Policies (Policies)          HTML     45K 
40: R30         Revenue Recognition (Tables)                        HTML     46K 
41: R31         Acquisitions (Tables)                               HTML     44K 
42: R32         Financial Statement Details (Tables)                HTML    117K 
43: R33         Property and Equipment, Net (Tables)                HTML     39K 
44: R34         Goodwill and Identifiable Intangible Assets         HTML    129K 
                (Tables)                                                         
45: R35         Debt and Credit Facilities (Tables)                 HTML     47K 
46: R36         Derivatives and Hedging Activities (Tables)         HTML     80K 
47: R37         Fair Value Measurements and Other Financial         HTML     83K 
                Instruments (Tables)                                             
48: R38         Defined Benefit Pension Plans and Other             HTML     42K 
                Post-Employment Benefit Plans (Tables)                           
49: R39         Share-Based Compensation (Tables)                   HTML     66K 
50: R40         Restructuring and Exit Activities (Tables)          HTML     67K 
51: R41         Accumulated Other Comprehensive Loss (Tables)       HTML     54K 
52: R42         Segments (Tables)                                   HTML    122K 
53: R43         Earnings (Loss) Per Share (Tables)                  HTML     55K 
54: R44         The Company and Basis of Presentation (Details)     HTML     47K 
55: R45         Revenue Recognition (Details)                       HTML     64K 
56: R46         Acquisitions (Details)                              HTML     39K 
57: R47         Acquisitions - Fair values of net assets acquired   HTML     63K 
                (Details)                                                        
58: R48         FINANCIAL STATEMENT DETAILS - Inventories           HTML     37K 
                (Details)                                                        
59: R49         FINANCIAL STATEMENT DETAILS - Factoring of trade    HTML     33K 
                receivables (Details)                                            
60: R50         FINANCIAL STATEMENT DETAILS - Securitization of     HTML     36K 
                trade receivables (Details)                                      
61: R51         FINANCIAL STATEMENT DETAILS - Allowance for credit  HTML     37K 
                losses (Details)                                                 
62: R52         FINANCIAL STATEMENT DETAILS - Prepaid expenses and  HTML     39K 
                other current assets (Details)                                   
63: R53         FINANCIAL STATEMENT DETAILS - Other non-current     HTML     51K 
                assets (Details)                                                 
64: R54         FINANCIAL STATEMENT DETAILS - Other current         HTML     53K 
                liabilities (Details)                                            
65: R55         FINANCIAL STATEMENT DETAILS - Other non-current     HTML     50K 
                liabilities (Details)                                            
66: R56         FINANCIAL STATEMENT DETAILS - Other income          HTML     46K 
                (Expense), Net (Details)                                         
67: R57         Property and Equipment, Net (Details)               HTML     51K 
68: R58         GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS -       HTML     44K 
                Goodwill (Details)                                               
69: R59         GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS -       HTML     72K 
                Identifiable Intangible Assets (Details)                         
70: R60         DEBT AND CREDIT FACILITIES - Components of debt     HTML     58K 
                and credit facilities (Details)                                  
71: R61         DEBT AND CREDIT FACILITIES - Senior Secured Credit  HTML     68K 
                Facilities (Details)                                             
72: R62         DEBT AND CREDIT FACILITIES - 2021 Senior Notes      HTML     56K 
                (Details)                                                        
73: R63         DEBT AND CREDIT FACILITIES - Debt redemption        HTML     37K 
                prices (Details)                                                 
74: R64         DEBT AND CREDIT FACILITIES - Sale-Leaseback         HTML     35K 
                Transactions (Details)                                           
75: R65         DERIVATIVES AND HEDGING ACTIVITIES - Fair Value of  HTML     49K 
                Derivative Instruments (Details)                                 
76: R66         DERIVATIVES AND HEDGING ACTIVITIES - Components of  HTML     50K 
                Derivatives (Details)                                            
77: R67         DERIVATIVES AND HEDGING ACTIVITIES - Additional     HTML     45K 
                Information (Details)                                            
78: R68         DERIVATIVES AND HEDGING ACTIVITIES - Consolidated   HTML     39K 
                Statements of Operations (Details)                               
79: R69         FAIR VALUE MEASUREMENTS AND OTHER FINANCIAL         HTML     74K 
                INSTRUMENTS - Assets and liabilities measured on a               
                recurring basis (Details)                                        
80: R70         FAIR VALUE MEASUREMENTS AND OTHER FINANCIAL         HTML     29K 
                INSTRUMENTS - Additional information (Details)                   
81: R71         FAIR VALUE MEASUREMENTS AND OTHER FINANCIAL         HTML     47K 
                INSTRUMENTS - Debt fair values (Details)                         
82: R72         Defined Benefit Pension Plans and Other             HTML     40K 
                Post-Employment Benefit Plans (Details)                          
83: R73         Related Party Transactions (Details)                HTML     45K 
84: R74         SHARE-BASED COMPENSATION - Expense by location      HTML     35K 
                (Details)                                                        
85: R75         SHARE-BASED COMPENSATION - Expense by award type    HTML     46K 
                (Details)                                                        
86: R76         SHARE-BASED COMPENSATION - Shares Granted           HTML     43K 
                (Details)                                                        
87: R77         RESTRUCTURING AND EXIT ACTIVITIES - Expense         HTML     52K 
                (Details)                                                        
88: R78         RESTRUCTURING AND EXIT ACTIVITIES - Accrual         HTML     43K 
                (Details)                                                        
89: R79         RESTRUCTURING AND EXIT ACTIVITIES - Restructuring   HTML     38K 
                charges by segment (Details)                                     
90: R80         Accumulated Other Comprehensive Loss (Details)      HTML     56K 
91: R81         SEGMENTS - Net sales and Adjusted EBITDA (Details)  HTML     47K 
92: R82         SEGMENTS - Reconciliation of Adjusted EBITDA        HTML     95K 
                (Details)                                                        
93: R83         SEGMENTS - Net sales by geographic region           HTML     50K 
                (Details)                                                        
94: R84         Earnings (Loss) Per Share (Details)                 HTML     59K 
97: XML         IDEA XML File -- Filing Summary                      XML    183K 
95: XML         XBRL Instance -- dsey-20220930_htm                   XML   2.97M 
96: EXCEL       IDEA Workbook of Financial Reports                  XLSX    181K 
 7: EX-101.CAL  XBRL Calculations -- dsey-20220930_cal               XML    267K 
 8: EX-101.DEF  XBRL Definitions -- dsey-20220930_def                XML    653K 
 9: EX-101.LAB  XBRL Labels -- dsey-20220930_lab                     XML   1.77M 
10: EX-101.PRE  XBRL Presentations -- dsey-20220930_pre              XML   1.10M 
 6: EX-101.SCH  XBRL Schema -- dsey-20220930                         XSD    191K 
98: JSON        XBRL Instance as JSON Data -- MetaLinks              465±   698K 
99: ZIP         XBRL Zipped Folder -- 0001628280-22-027952-xbrl      Zip    508K 


‘EX-31.1’   —   Certification — §302 – SOA’02


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Exhibit 31.1
Certification of Chief Executive Officer
Pursuant to Exchange Act Rule 13a-14(a)

I, Philip Wieland, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 of Diversey Holdings, Ltd.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:            

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.



Date:
November 3, 2022
Chief Executive Officer



Dates Referenced Herein   and   Documents Incorporated by Reference

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