earnings
confidence medium
sentiment positive
materiality 0.55
Darling Ingredients expects sixth consecutive record earnings year for FY2023
DARLING INGREDIENTS INC.
2023-FY EPS reported
$3.99
revenue$6,788,080,000
- Q4/FY23 earnings to be released on or around Feb 27, 2024; FY2023 expected to be sixth consecutive record earnings year.
- Core ingredients business performed well in Q4, with strong quarter-over-quarter improvement.
- Company adjusting to protect margins in Feed segment as global finished good prices declined.
- Food and Fuel segments more insulated from commodity volatility; optimistic on 2024 outlook.
- Sustainable aviation fuel production on horizon; contributions expected from recent acquisitions and DGD JV.