Darling Q3 net income falls 34% to $125M; combined adj. EBITDA $334.3M

DARLING INGREDIENTS INC.

2023-Q3 EPS reported $3.47 revenue$5,173,997,000

GAAP diluted EPS $0.77 vs $1.17 a year ago; net sales $1.6B, down 7% YoY.
Combined adjusted EBITDA $334.3M, down from $394.7M in Q3 2022.
DGD renewable diesel sales 266.8M gallons at $0.65/gal EBITDA; received $62.2M dividends.
Feed ingredients net sales fell 18% to $1.05B; food ingredients rose 31% to $455.7M.
FY 2023 combined adjusted EBITDA guidance reaffirmed at $1.6-1.7B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

DARLING INGREDIENTS INC. reported third quarter ended September 30, 2023 results: revenue $1.6 billion, net income $125.0 million, EPS $0.77 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $1.6 billion
Net income: $125.0 million
EPS: $0.77 per diluted share
Result: reported results

Exact text from the filing

Net income of $125.0 million, or $0.77 per GAAP diluted share • Net sales of $1.6 billion

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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 0000916540-23-000035

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