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Stock impact report

Darling Ingredients Inc. Reports Third Quarter 2024 Results [Yahoo! Finance]

Darling Ingredients Inc. (DAR) 
Last darling ingredients inc. earnings: 2/25 04:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.darlingii.com
Company Research Source: Yahoo! Finance
Combined adjusted EBITDA of $236.7 million Received $111.2 million in cash dividends from Diamond Green Diesel IRVING, Texas Oct. 24, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $16.9 million , or per diluted share for the third quarter of 2024, compared to net income of $125.0 million , or per diluted share, for the third quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD). The company also reported total net sales of $1.4 billion for the third quarter of 2024, compared with total net sales of $1.6 billion for the same period a year ago, reflecting lower finished product pricing. "During the third quarter, Darling Ingredients continued to navigate challenging markets. Even with these headwinds, our core ingredients cash flows and dividends from DGD allowed us to reduce debt by about $192 million ," said Randall C. Stuewe , Ch Show less Read more
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