Darling Ingredients (DAR) Tops Q4 EPS by 2c, Revenues Miss
Darling Ingredients (NYSE: DAR) reported Q4 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $853.1 million versus the consensus estimate of $913.79 million.
- Net income of $40.6 million, or $0.24 per GAAP diluted share
- Revenue of $853.1 million
- Adjusted EBITDA of $108.9 million
- DGD delivered record Fourth quarter, Entity EBITDA of $110 million
- Strong global raw material volumes up 1.5 % over Q4 2017
- Feed segment still challenged by trade disruptions and lagging fat prices
- Food segment showed improved earnings in the collagen business
- Improved performance in Fuel segment reflects investments in Euro bioenergy
- DGD partner dividend of $40 million during Q4
"Our fourth quarter truly showed the diversity and consistency of our global ingredients platform and the potential DGD has to transform Darling," said Randall C. Stuewe, Chairman and Chief Executive Officer of Darling Ingredients Inc.
Commenting on the Company's overall strategy, Mr. Stuewe said, "During the year, we made strong advancements executing our world of growth strategy to create a sustainable portfolio of value-added and specialty ingredients through multiple, completed construction projects, expansions and bolt on acquisitions."
For earnings history and earnings-related data on Darling Ingredients (DAR) click here.
