Darling Ingredients Q3 sales rise
Darling Ingredients Q3 sales rise
Overview
US renewable ingredients maker's Q3 sales rose
Net income for Q3 rose sharply as Diamond Green Diesel JV returned to profit
Company expects Q4 results to benefit from timing of renewable diesel sales
Outlook
Darling Ingredients sees 2026 Combined Adjusted EBITDA of $2.2-$2.3 bln
Company expects timing differences in renewable diesel sales to benefit Q4 results
Darling Ingredients expects strong momentum to continue into 2027
Result Drivers
SALES TIMING - Co said Q3 results were affected by timing of renewable diesel sales and certain commercial activities, with timing expected to benefit Q4
STRONG BUSINESS FUNDAMENTALS - Co said core business fundamentals remain strong, supporting momentum into Q4 and 2027
Company press release: ID:nBw9tqQMDa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue |
| $2.39 bln |
|
Q3 Net Income |
| $340.94 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Darling Ingredients Inc. is $81.50, about 37.9% above its October 21 closing price of $59.09
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)