Darling Ingredients reports record FY2022 combined adjusted EBITDA of $1.541B; guides FY2023 to $1.80-1.85B

DARLING INGREDIENTS INC.

2022-FY EPS reported $4.49 revenue$6,532,204,000

FY2022 net income $737.7M ($4.49 diluted EPS) vs $650.9M ($3.90) in 2021; revenue $6.5B vs $4.7B.
Record combined adjusted EBITDA $1.541B; Q4 combined adjusted EBITDA $413M vs $306.8M a year ago.
DGD sold record 754M gallons renewable diesel at $1.18 EBITDA/gal; Port Arthur plant started, total capacity 1.2B gal/yr.
FY2023 combined adjusted EBITDA guidance $1.80-1.85B, up from FY2022's $1.541B.
Repurchased $125.5M of stock in 2022; completed acquisitions of Valley Proteins, FASA, Op de Beeck, and announced Gelnex and Miropasz.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DARLING INGREDIENTS INC. reported fiscal year 2022 results: revenue $6.5 billion, net income $737.7 million, EPS $4.49 per diluted share. Guidance initiated.

Period: fiscal year 2022
Revenue: $6.5 billion
Net income: $737.7 million
EPS: $4.49 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

For the 2022 fiscal year, Darling Ingredients reported net income of $737.7 million, or $4.49 per diluted share, as compared to $650.9 million, or $3.90 per diluted share for 2021. Net sales for fiscal year 2022 were $6.5 billion, as compared with net sales of $4.7 billion in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DARLING INGREDIENTS INC. reported fourth quarter 2022 results: revenue $1.8 billion, net income $156.6 million, EPS $0.96 per diluted share. Guidance initiated.

Period: fourth quarter 2022
Revenue: $1.8 billion
Net income: $156.6 million
EPS: $0.96 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Darling Ingredients Inc .(NYSE: DAR) today reported net income of $156.6 million, or $0.96 per diluted share for fourth quarter 2022, compared to net income of $155.8 million, or $0.94 per diluted share, for fourth quarter 2021. The company also reported net sales of $1.8 billion for the fourth quarter of 2022, as compared with net sales of $1.3 billion for the same period a year ago.

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DARLING INGREDIENTS INC. filing history →

Source: SEC EDGAR

accession 0000916540-23-000006

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