Darling Q2 net income $78.9M ($0.49), down 69% YoY; combined adj. EBITDA $273.6M

DARLING INGREDIENTS INC.

2024-Q2 EPS reported $0.99 revenue$2,875,591,000

Net income $78.9M ($0.49 diluted) vs $252.4M ($1.55) in Q2 2023; net sales $1.5B vs $1.8B, down 17%.
Combined adjusted EBITDA $273.6M vs $508.3M; DGD JV net income fell to $88.4M from $425.9M.
Feed segment net sales $934.1M vs $1.14B, hit by lower fat and protein prices (BFT -18.2% YoY, UCO -25.8%).
Received $77.1M DGD dividend; repurchased $29.2M stock; board refreshed $500M buyback through Aug 2026.
FY2024 combined adj. EBITDA guidance reaffirmed at $1.3-$1.4B; leverage ratio 4.24x as of June 29.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.