secwatch.observer — SEC 8-K summary
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Issuer:     DARLING INGREDIENTS INC. (DAR)
CIK:        0000916540
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000916540-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916540/000091654023000017/0000916540-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916540/000091654023000017/dar-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000916540-23-000017

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