secwatch.observer — SEC 8-K summary
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Issuer:     DARLING INGREDIENTS INC. (DAR)
CIK:        0000916540
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000916540-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916540/000091654023000006/0000916540-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916540/000091654023000006/dar-20230227.htm
  HTML page:      https://secwatch.observer/filing/0000916540-23-000006

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