earnings
confidence high
sentiment negative
materiality 0.70
Darling Q3 net income $19.4M ($0.12 EPS), sales up 10% to $1.6B; DGD EBITDA negative
DARLING INGREDIENTS INC.
2025-Q3 EPS reported
$0.04
revenue$4,426,078,000
- Net income $19.4M ($0.12 diluted EPS) vs $16.9M ($0.11) YoY; total net sales $1.6B (+10% from $1.4B).
- Combined Adj. EBITDA $244.9M vs $236.7M; DGD contributed negative $2.9M of Darling's share vs positive $39.1M in Q3 2024.
- Agreed to sell $125M of 2025 production tax credits; expects another $125-175M in PTC sales by year-end 2025.
- Full-year 2025 core ingredients (ex-DGD) Adj. EBITDA guidance ~$875-900M; company stops providing DGD guidance due to policy uncertainty.
- Leverage ratio 3.65x; net debt $4.01B; YTD capex $224M; cash $91.5M, revolver availability $1.17B.