Darling Ingredients Q4 Earnings Top Estimates

Darling Ingredients Inc DAR reported fourth-quarter FY21 sales growth of 28.5% year-on-year, to $1.31 billion, beating the consensus of $1.22 billion.
The gross margin for the quarter expanded 20 basis points to 24.5%, and the gross profit rose 29.2% Y/Y to $321.1 million.
The operating margin was 16.1%, and operating income for the quarter jumped 183.7% Y/Y to $211 million.
The combined adjusted EBITDA increased 43% Y/Y to $306.7 million.
EPS of $0.94 beat the consensus of $0.88.
"Robust demand in our feed segment aligned with increasing demand at Diamond Green Diesel (DGD) positions us well for strong performance in 2022," said Chairman and CEO Randall C. Stuewe.
The company held $69.1 million in cash and equivalents as of January 1, 2022. Cash provided by operating activities for twelve months totaled $704.4 million.
Price Action: DAR shares closed higher by 2.59% at $72.48 on Monday.

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