Darling Q4 EPS $0.52 vs $0.96 YoY; FY combined EBITDA $1.61B up 4.6%

DARLING INGREDIENTS INC.

2023-FY EPS reported $3.99 revenue$6,788,080,000

Q4 net income $84.5M ($0.52 diluted EPS) vs $156.6M ($0.96) in Q4 2022; revenue $1.61B down 9% YoY.
FY 2023 net income $647.7M ($3.99 diluted EPS) vs $737.7M ($4.49) in FY 2022; revenue $6.79B up 4%.
Combined adjusted EBITDA FY 2023 $1.61B vs $1.54B; global ingredients EBITDA $1.11B.
DGD sold 1.2B gallons FY 2023 at $0.81/gal EBITDA; Darling received $163.6M dividends from JV.
Repurchased $52.9M of common stock in FY 2023; leverage ratio 3.26x; no numerical guidance for 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

DARLING INGREDIENTS INC. reported the fourth quarter and fiscal year ended December 30, 2023 results: revenue $1.6 billion for the fourth quarter of 2023, net income $84.5 million, or $0.52 per diluted share for fourth quarter of 2023, EPS $0.52 per diluted share.

Period: the fourth quarter and fiscal year ended December 30, 2023
Revenue: $1.6 billion for the fourth quarter of 2023
Net income: $84.5 million, or $0.52 per diluted share for fourth quarter of 2023
EPS: $0.52 per diluted share
Result: reported results

Exact text from the filing

On February 27, 2024, Darling Ingredients Inc. (the “Company”) issued a press release announcing financial results for the fourth quarter and fiscal year ended December 30, 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

DARLING INGREDIENTS INC. filing history →

Source: SEC EDGAR

accession 0000916540-24-000007

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