Darling Ingredients Beats EPS Estimates
Darling Ingredients surpassed earnings expectations in the fourth quarter, but faced top-line headwinds.
Darling Ingredients (NYSE:DAR), a leader in converting waste products from the animal agriculture and food industries into useful ingredients, released its fourth-quarter results on Feb. 6. The company reported earnings per share (EPS) of $0.63, significantly beating the analysts' estimate of $0.42. However, total revenue of $1.42 billion didn't meet the consensus forecast of $1.449 billion and was down from $1.61 billion in the prior-year period.
Source: Analysts' estimates for the quarter provided by FactSet.
Darling Ingredients operates a diversified business transforming by-products from the food and agriculture sectors into value-added products. Its diversification across feed, food, and fuel ingredients is a strategic advantage. It boasts operations in North America, South America, Europe, China, Asia, and Australia. The sustainability and renewable energy sectors have been areas of focus recently, including biofuels and organic fertilizers.