Darling Q3 2022 EPS $1.17, net sales $1.7B; EBITDA $394.7M; reaffirms FY22 guidance

DARLING INGREDIENTS INC.

2022-Q3 EPS reported $3.54 revenue$4,764,121,000

Net income $191M ($1.17 diluted EPS) vs $146.8M ($0.88) in Q3 2021; net sales $1.7B (+47% YoY).
Combined adjusted EBITDA $394.7M (+36% YoY); FY2022 guidance reaffirmed at $1.55-$1.6B.
Diamond Green Diesel III expected online within a week, six months ahead of schedule.
Post-quarter sealed Gelnex ($1.2B) and Miropasz (~€110M) acquisitions; FASA Brazil deal closed in Q3.
Repurchased $37.2M in stock during Q3; leverage ratio 2.48x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DARLING INGREDIENTS INC. reported the third quarter ended October 1, 2022 results: revenue $1.7 billion, net income $191 million, or $1.17 per diluted share. Guidance reaffirmed.

Period: the third quarter ended October 1, 2022
Revenue: $1.7 billion
Net income: $191 million, or $1.17 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Darling Ingredients Inc. (NYSE: DAR) today reported net income attributable to Darling Ingredients of $191 million, or $1.17 per diluted share for the third quarter 2022, compared to net income attributable to Darling Ingredients of $146.8 million, or $0.88 per diluted share, for the third quarter 2021. The company also reported net sales of $1.7 billion for the third quarter of 2022, as compared with net sales of $1.2 billion for the same period a year ago.

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DARLING INGREDIENTS INC. filing history →

Source: SEC EDGAR

accession 0000916540-22-000033

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