secwatch.observer — SEC 8-K summary
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Issuer:     DARLING INGREDIENTS INC. (DAR)
CIK:        0000916540
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000916540-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darling Q3 net income $16.9M vs $125M YoY; revenue falls to $1.42B; EBITDA guidance reaffirmed
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- Net income $16.9M ($0.11 diluted EPS) vs $125.0M ($0.77) in Q3 2023, driven by lower fat prices and weaker DGD earnings.
- Total net sales $1.42B, down 12.5% YoY, with declines in Feed ($927.5M) and Food ($357.3M) segments.
- Combined adjusted EBITDA $236.7M vs $334.3M; DGD sold 316.6M gallons at $0.25/gallon EBITDA.
- FY2024 combined adjusted EBITDA guidance set at $1.15B-$1.175B; debt reduced ~$192M in Q3 to $4.25B.
- Received $111.2M cash dividends from DGD; SAF plant commissioning underway; mgmt sees improved 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916540/000091654024000028/0000916540-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916540/000091654024000028/dar-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000916540-24-000028

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