secwatch.observer — SEC 8-K summary
======================================

Issuer:     DARLING INGREDIENTS INC. (DAR)
CIK:        0000916540
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000916540-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916540/000091654024000007/0000916540-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916540/000091654024000007/dar-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000916540-24-000007

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