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Darling Ingredients (DAR)
NYSE:DAR
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.48Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -5.75%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements such as record performance in certain segments, debt reduction, and new product launches, but also highlighted challenges like decreased net income and sales, and lower fat prices. Despite some setbacks, the company is optimistic about its growth prospects in 2025.Company Guidance
During the fourth quarter and fiscal year 2024 earnings call, Darling Ingredients showcased a strong performance, boasting a reduction in debt by $353.4 million, improving its financial leverage ratio to 3.68 times. The company received $179.8 million in cash dividends from Diamond Green Diesel for the year and began operations of the world's largest sustainable aviation fuel unit ahead of schedule and under budget. In the fourth quarter, adjusted EBITDA was impacted by a $59 million lower cost of market adjustment. The feed ingredients segment saw a gross margin increase from 21.5% in Q3 to 22.6% in Q4, while the food segment improved from 23.9% to 25.7%. Net income for Q4 was $101.9 million, and fiscal year net income was $278.9 million, with net sales totaling $5.7 billion for 2024. Darling Ingredients set a guidance for 2025, projecting combined adjusted EBITDA between $1.25 billion and $1.3 billion, driven by strong raw material volumes, regulatory clarity, and the benefits from the 45Z clean fuel production tax credit.Strongest Quarter and Year in History
Darling Ingredients delivered its strongest quarter of the year in 2024 and one of its top years in its 142-year history, with effective margin management and CapEx stewardship.
Significant Debt Reduction
Paid down $353 million in debt, reducing financial leverage ratio to 3.68 times.
Increased Dividends from Diamond Green Diesel
Received $179.8 million in dividends for the full fiscal year and another $86.4 million in January 2025.
Gross Margin Improvement
Gross margin improvement in the fourth quarter of 2024 compared to the third quarter, with food segment margins improving from 23.9% to 25.7%.
Launch of New Product Line
First sales of Nextiva, a natural glucose moderation collagen peptide, hit the market and demand is beginning to accelerate.
Strong Cash Flow and Deleveraging
Paid down $162.9 million of debt in Q4 and $353.4 million for fiscal year 2024, reducing total debt to $4 billion.
Positive Outlook for 2025
Optimistic about 2025 with expectations for stronger performance, driven by regulatory clarity on US biofuel policies and strong starting momentum.
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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 0.48.
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