earnings
confidence high
sentiment positive
materiality 0.80
Darling Ingredients Q2 net income $252.4M, EPS $1.55, record combined EBITDA $508.3M
DARLING INGREDIENTS INC.
2023-Q2 EPS reported
$2.69
revenue$3,548,793,000
- Net sales $1.8B up from $1.7B YoY; GAAP EPS $1.55 vs $1.23.
- Combined adjusted EBITDA $508.3M, record; $526.8M excl Gelnex inventory impact.
- DGD sold record 387.8M gallons renewable diesel at $1.28/gal EBITDA.
- Received $101.4M dividends from DGD in Q2, plus $62.2M post-quarter.
- Reaffirmed FY 2023 combined adjusted EBITDA guidance at $1.875B.