secwatch.observer — SEC 8-K summary
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Issuer:     DARLING INGREDIENTS INC. (DAR)
CIK:        0000916540
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000916540-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916540/000091654023000035/0000916540-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916540/000091654023000035/dar-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000916540-23-000035

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