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Last $15.56 USD
Change Today -0.02 / -0.13%
Volume 867.0K
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

darling ingredients inc (DAR) Snapshot

Open
$15.53
Previous Close
$15.58
Day High
$15.59
Day Low
$15.41
52 Week High
06/23/14 - $21.40
52 Week Low
05/1/15 - $13.60
Market Cap
2.6B
Average Volume 10 Days
2.4M
EPS TTM
$0.77
Shares Outstanding
165.2M
EX-Date
--
P/E TM
20.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for DARLING INGREDIENTS INC (DAR)

darling ingredients inc (DAR) Related Businessweek News

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darling ingredients inc (DAR) Details

Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. It operates in three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The company offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries. It collects and transforms various animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings, and hides. The company also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients. In addition, it provides grease trap services to food establishments; environmental services to food processors; and sells restaurant cooking oil delivery and collection equipment. The company was formerly known as Darling International Inc. and changed its name to Darling Ingredients Inc. in May 2014. Darling Ingredients Inc. was founded in 1882 and is headquartered in Irving, Texas.

10,000 Employees
Last Reported Date: 03/4/15
Founded in 1882

darling ingredients inc (DAR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.7M
Chief Operating Officer and Director
Total Annual Compensation: $871.9K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2014.

darling ingredients inc (DAR) Key Developments

Darling Ingredients Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended April 4, 2015; Provides CapEx Guidance for the Year 2015

Darling Ingredients Inc. announced unaudited consolidated earnings results for the first quarter ended April 4, 2015. For the quarter, the company announced net sales of $874,694,000 compared to $946,292,000 for the same period a year ago. The $71.6 million decrease in net sales is primarily attributable to lower finished product prices, primarily global fat markets, and the foreign exchange rate impact of a weaker euro and Canadian dollar. Operating income was $31,825,000 compared to operating loss of $564,000 for the same period a year ago. Income before income taxes was $3,939,000 compared to loss before income taxes of $69,296,000 for the same period a year ago. Net income was $1,824,000 compared to net loss of $51,006,000 for the same period a year ago. Net income attributable to the company was $109,000 compared to net loss attributable to the company of $52,803,000 for the same period a year ago. Net cash provided by operating activities was $59,240,000 compared to net cash used in operating activities of $30,504,000 for the same period a year ago. Capital expenditures were $50,838,000 compared to $51,360,000 for the same period a year ago. Adjusted EBITDA was $98,223,000 compared to $65,105,000 for the same period a year ago. Pro forma adjusted EBITDA (non-GAAP) was $103,542,000 compared to $129,984,000 for the same period a year ago. Adjusted diluted earnings per share attributable to the company were (non-GAAP) was $0.09 compared to $0.22 for the same period a year ago. CapEx is expected to be between $150 million and $200 million for the remainder of 2015, which includes a planned investment in 5 processing plants. The company also expects the effective tax rate to decrease at the end of the year to approximately 28% for the year.

Darling Ingredients Inc. Announces Executive Changes

Darling Ingredients Inc. announced that effective April 13, 2015, Martin W. Griffin will retire from his position as the company's Executive Vice President - Chief Operations Officer, North America due to health concerns. Rick A. Elrod, the company's current Senior Vice President - Eastern Region, will assume the role of Executive Vice President - Dar Pro U.S.A. and will report to Randall C. Stuewe, the company's Chief Executive Officer. John Bullock, the company's current Executive Vice President - Chief Strategy Officer, will assume responsibilities for the company's North American specialty businesses in addition to his current role. Mr. Elrod has extensive experience in raw material procurement and plant operations, having served the company in various managerial capacities since joining Griffin Industries in 1984. Most recently, he has served as the company's Senior Vice President - Eastern Region since 2011.

Darling International Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2015

Darling International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 3, 2015. For the quarter, the company reported net sales of $1,000,203,000 against $447,939,000 a year ago. Operating income was $39,662,000 against $18,536,000 a year ago. Income from operations before income taxes was $73,580,000 against $23,078,000 a year ago. Net income attributable to Darling was $69,943,000 or $0.42 per basic and diluted share against $22,493,000 or $0.18 per basic and diluted share a year ago. Adjusted EBITDA was $108,703,000 against $50,249,000 a year ago. Pro Forma Adjusted EBITDA was $111,065,000 against $64,363,000 a year ago. Net sales increase was, attributable to newly acquired operations in first quarter of 2014. Adjusted EBITDA increase was primarily attributable to the inclusion of the blender's tax credit from the DGD Joint Venture and newly acquired operations. Adjusted diluted earnings per share attributable to Darling were $0.51 against $0.23 a year ago. For the full year, the company reported net sales of $3,956,443,000 against $1,802,268,000 a year ago. Operating income was $164,508,000 against $169,566,000 a year ago. Income from operations before income taxes was $81,452,000 against $163,678,000 a year ago. Net income attributable to Darling was $64,215,000 or $0.39 per basic and diluted share against $108,967,000 or $0.91 per basic and diluted share a year ago. Adjusted EBITDA was $434,025,000 against $268,353,000 a year ago. Pro Forma Adjusted EBITDA was $512,595,000 against $291,624,000 a year ago. Adjusted diluted earnings per share attributable to Darling were $1.20 against $1.13 a year ago. CAPEX was $228.9 million in 2014.

 

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DAR

Industry Average

Valuation DAR Industry Range
Price/Earnings 22.0x
Price/Sales 0.7x
Price/Book 1.4x
Price/Cash Flow 6.6x
TEV/Sales 0.1x
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