secwatch.observer — SEC 8-K summary
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Issuer:     DARLING INGREDIENTS INC. (DAR)
CIK:        0000916540
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000916540-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916540/000091654022000033/0000916540-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916540/000091654022000033/dar-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000916540-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer