Darling Ingredients Full Year 2023 Earnings: EPS Misses Expectations
Darling Ingredients (NYSE:DAR) Full Year 2023 Results
Key Financial Results
Revenue: US$6.79b (up 3.9% from FY 2022).
Net income: US$647.7m (down 12% from FY 2022).
Profit margin: 9.5% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$4.05 (down from US$4.58 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Darling Ingredients EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%.
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Darling Ingredients that you need to take into consideration.
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