Darling Ingredients Q1 net sales $1.8B, adjusted EBITDA $418.4M, reaffirms FY2023 guidance

DARLING INGREDIENTS INC.

2023-Q1 EPS reported $1.14 revenue$1,791,172,000

Net sales $1.79B (+31% YoY); net income $185.8M ($1.14 diluted EPS) vs $188.1M prior year.
Combined adjusted EBITDA $418.4M (+26.5% YoY); Global ingredients EBITDA $289.1M.
Diamond Green Diesel equity income $94.3M; DGD adjusted EBITDA share $129.3M.
Repurchased ~773k shares for $43.8M; $330.7M remaining under buyback program.
FY2023 combined adjusted EBITDA guidance reaffirmed at $1.875B.

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 0.9

DARLING INGREDIENTS INC. updated its Fiscal year 2023 guidance (initiated).

Period: Fiscal year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Company guidance for fiscal year 2023 is $1.875 billion combined adjusted EBITDA.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

DARLING INGREDIENTS INC. filing history →

Source: SEC EDGAR

accession 0000916540-23-000017

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