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Darling Ingredients (DAR)
NYSE:DAR
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.64Last Year’s EPS
$0.52Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -13.57%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there are positive strides in debt reduction, operational efficiency, and progress in sustainable aviation fuel, the company is facing significant challenges in terms of decreased net income, sales, and operating income, alongside difficulties in the renewable diesel market. However, there is optimism for regulatory improvements and potential market tailwinds in 2025.Company Guidance
During the Darling Ingredients Q3 2024 earnings call, the company provided several key metrics and guidance for the near future. Despite facing challenges in both global ingredient demand and the renewable diesel market, Darling Ingredients managed to reduce its debt by approximately $192 million, benefiting from cash and dividends from Diamond Green Diesel. The company's combined adjusted EBITDA for the quarter was reported at $236.7 million. In the Feed Ingredients segment, raw material volumes were strong, particularly in Brazil, although fat prices were rebounding more slowly than expected. The Food segment experienced lower volumes due to softer demand in China and new capacity additions in Brazil, yet maintained strong margins. The Fuel segment saw a $111.2 million cash dividend from Diamond Green Diesel, even as margins faced pressure. Looking forward to 2025, Darling Ingredients projected a fiscal year adjusted EBITDA in the range of $1.15 billion to $1.175 billion for 2024, with expectations for improved margins and regulatory clarity potentially driving earnings to exceed $1.5 billion in 2025. The company also highlighted a significant reduction in net income for Q3 2024 to $16.9 million, compared to $125 million in Q3 2023, with net sales down to $1.4 billion from $1.6 billion. The effective tax rate for the first nine months of 2024 was reported as negative 7.6%, influenced by biofuel tax incentives. Darling Ingredients remains optimistic about tailwinds in 2025, including improved fat prices and regulatory support for renewable fuels.Debt Reduction
The company reduced debt by approximately $192 million in the third quarter.
Positive Developments in Feed Segment
Raw material volumes remained strong, driven by growth in Brazil. Additionally, fat prices are slowly recovering.
Sustainable Aviation Fuel Progress
The sustainable aviation fuel unit is mechanically complete and in the process of commissioning, with the company having announced its third contract.
Cost Management and Operational Efficiency
The company continued to focus on managing CapEx, reducing SG&A, and improving spread management which led to a slight increase in feed gross margin percentage sequentially.
Favorable Regulatory Outlook
Optimism about the regulatory landscape for renewable diesel with expected clarity on the California low carbon fuel standard program and the federal tax credit known as 45z.
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DAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $38.25 | $37.76 | -1.28% |
| Jul 25, 2024 | $36.89 | $39.58 | +7.29% |
| Apr 25, 2024 | $43.13 | $45.26 | +4.94% |
| Feb 27, 2024 | $42.82 | $40.69 | -4.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Darling Ingredients (DAR) report earnings?
Darling Ingredients (DAR) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Darling Ingredients (DAR) earnings time?
Darling Ingredients (DAR) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAR EPS forecast?
DAR EPS forecast for the fiscal quarter 2024 (Q4) is $0.64.
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