- Darling Ingredients Inc (NYSE: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.
