Darling Ingredients(DAR)
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Darling Ingredients Inc. Reports Second Quarter 2024 Results
Prnewswire· 2024-07-25 18:35
Second Quarter 2024 Net income of $78.9 million, or $0.49 per GAAP diluted share Net sales of $1.5 billion Combined adjusted EBITDA of $273.6 million Repurchased $29.2 million of common stock Received $77.1 million in cash dividends from Diamond Green Diesel on July 18, 2024 IRVING, Texas, July 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $78.9 million, or $0.49 per diluted share for the second quarter of 2024, compared to net income of $252.4 million, or $1. ...
Earnings Preview: Darling Ingredients (DAR) Q2 Earnings Expected to Decline
ZACKS· 2024-07-18 23:09
Wall Street expects a year-over-year decline in earnings on lower revenues when Darling Ingredients (DAR) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are better than ex ...
Darling Ingredients Inc. to Release Second Quarter 2024 Financial Results
Prnewswire· 2024-07-10 04:48
IRVING, Texas, July 9, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) announced today that it will host a conference call on Thursday, July 25, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss second quarter 2024 financial results, which will be released earlier that day, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for the ...
Value Investing Is Back! 3 Stocks With Strong Fundamentals to Buy Now
Investor Place· 2024-06-27 01:35
Volatility has increased on Wall Street while tech stocks are taking a breather. As a result, many investors are eyeing value stocks to buy, which may hold considerable potential for future returns. Research indicates that value stocks often outperform both the market average and growth stocks during downturns, offering stability amid market volatility. Although they may not promise rapid growth as some tech stocks, value stocks typically provide consistent returns over time. Furthermore, Goldman Sachs sugg ...
Darling Ingredients Inc. to Reduce Emissions Through Renewable Natural Gas Production
Prnewswire· 2024-06-06 04:48
IRVING, Texas, June 5, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that it plans to reduce emissions from its wastewater treatment plants at some of its rendering facilities by capturing biogas and converting it to renewable natural gas (RNG) in partnership with GreenGasUSA.The initial plan is to start with five Darling Ingredients plants in the United States with the opp ...
Darling Ingredients Inc. to Participate in Upcoming Conferences
PRNewsWire· 2024-05-09 04:47
IRVING, Texas, May 8, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that the company will participate in the following conferences:- BMO Global Farm to Market Conference in New York City, N.Y. – May 15 Chairman and Chief Executive Officer Randall C. Stuewe will participate in a fireside chat (9:30 a.m. ET) and investor meetings.- TD Cowen 2nd Annual Virtual Sustainability ...
Compared to Estimates, Darling (DAR) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-26 06:30
For the quarter ended March 2024, Darling Ingredients (DAR) reported revenue of $1.42 billion, down 20.7% over the same period last year. EPS came in at $0.50, compared to $1.16 in the year-ago quarter.The reported revenue represents a surprise of +0.45% over the Zacks Consensus Estimate of $1.41 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +25.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...
Darling Ingredients(DAR) - 2024 Q1 - Earnings Call Transcript
2024-04-26 03:23
财务数据和关键指标变化 - 第一季度净收入为8.12亿美元,每股收益0.50美元,较上年同期下降56% [17] - 营业收入下降20.6%至14.2亿美元,主要由于毛利下降1.206亿美元 [18] - 其中包括一次性调整格尼克斯存货的2500万美元影响 [18] - 公司在第一季度确认了2520万美元的或有对价公允价值变动收益 [19] 各条业务线数据和关键指标变化 - 饲料原料业务受到原料价格下降的影响,毛利率有所下降 [10][11][32][33] - 食品业务收入下降,但调整后毛利率达到30%,体现了公司在价格管理方面的努力 [12] - 可再生燃料业务受到LCFS和RIN价格下降的影响,但长期前景乐观 [13][14][69][70] 各个市场数据和关键指标变化 - 全球原料供应充足,动物脂肪价格缓慢回升,但仍低于植物油价格 [10] - 中国市场对高端鸡肉产品的需求有所恢复 [47] - 欧洲和南美市场的原料采购策略也在调整以应对价格下行 [46][134] 公司战略和发展方向及行业竞争 - 公司完成了米罗帕什收购,增加了3家家禽渲染厂 [11] - 可再生航空燃料项目建设进度超预期,计划2024年第四季度投产 [14][51][52] - 公司正在开发一系列有益健康的胶原蛋白肽产品,将于2024年秋季推出首款 [13] - 公司将继续关注成本管理、流动资金改善和降低债务,为2025年做好准备 [25][26][27][57][58][59] 管理层对经营环境和未来前景的评论 - 公司正在适应全球供给充足、需求放缓的新环境 [25] - 预计2024年下半年业务将逐步改善,有望实现13-14亿美元的调整后EBITDA [28][29] - 对LCFS和RIN价格的未来走强持乐观态度,DGD业务前景良好 [26][69][70] - 公司将继续优化采购和成本管理,提高运营效率 [25][57][58][59] 问答环节重要的提问和回答 问题1 **Dushyant Ailani 提问** 询问2024年EBITDA指引中是否包含了LCM调整的影响 [31][32] **Randall Stuewe 回答** 指引中不包含LCM调整,主要取决于动物脂肪价格的走势 [32][33][34] 问题2 **Tom Palmer 提问** 询问2024年EBITDA在基础业务和DGD之间的分配 [41][42] **Randall Stuewe 回答** 预计基础业务贡献9亿,DGD贡献10亿 [44] 问题3 **Adam Samuelson 提问** 询问DGD业务边际贡献与饲料原料业务边际贡献的平衡 [63][64][65] **Randall Stuewe 和 Bob Day 回答** DGD业务的边际贡献受LCFS价格影响较大,公司正在采取措施优化两个业务的协同 [69][70][71][72][73][74][75]
Darling Ingredients(DAR) - 2024 Q1 - Earnings Call Presentation
2024-04-26 00:23
(2) Per Bank Covenant 600 $508.3 500 $413.0 $418.4 $402.6 $394.7 400 $350.9 $330.6 $334.0 $280.1 300 200 100 0 Q122 Q222 Q323 Q422 Q123 Q223 Q323 Q423 Q124 Global Ingredients DGD Feed Food Fuel • ...
Darling Ingredients (DAR) Q1 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-04-25 20:51
Darling Ingredients (DAR) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this producer of natural ingredients from edible and inedible bionutrients would post earnings of $0.74 per share when it actually produced earnings of $0.62, delivering ...