U.S. Markets open in 4 hrs

Free Post Earnings Research Report: Darling Ingredients’ Sales Rose 8%; EPS Soared 152%

Stock Monitor: Industrial Services of America Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 11, 2018 / Active-Investors.com has just released a free earnings report on Darling Ingredients Inc. (DAR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DAR. The Company reported its fourth quarter fiscal 2017 operating and financial results on February 27, 2018. The producer of natural ingredients from edible and inedible bio-nutrients exceeded revenues and earnings estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Industrial Services of America, Inc. (NASDAQ: IDSA), which also belongs to the Industrial Goods sector as the Company Darling Ingredients. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=IDSA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Darling Ingredients most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=DAR

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Darling Ingredients reported net sales of $952.5 million, up 8% compared to $885.8 million in Q4 2016. The Company's revenue numbers beat analysts' estimates of $896.9 million.

For the full fiscal year 2017, Darling Ingredients recorded net sales of $3.66 billion, up 8% compared to $3.39 billion in FY16.

During Q4 2017, Darling Ingredients' gross margin was 21.7% compared to 22.3% in Q4 2016. The gross margin compression during the reported quarter was driven by a weaker protein pricing in FY17 compared to FY16, in addition to the absence of the blenders tax credit (BTC).

Darling Ingredients' net income attributable to common shareholders was $105.7 million, or $0.63 per diluted share, in Q4 2017 compared to $40.5 million, or $0.25 per diluted share, in Q4 2016. The increase in net income was due to the reversal of deferred tax liabilities due to the US Tax Cuts and Jobs Act 2017 (TCJA), benefits from the European tax reform, along with improved raw material volumes and pricing across the segments. The Company's earnings numbers topped Wall Street's estimates of $0.09 per share.

Darling Ingredients' net income attributable to common shareholders was $128.5 million, or $0.77 per diluted share, in FY17 compared to $102.3 million, or $0.62 per diluted share, in FY16. The increase in net income was due to the reversal of deferred tax liabilities due to the TCJA, along with benefits from the European tax reform.

Segment Results

During FY17, Darling Ingredients' Feed Ingredients segment's revenues grew 7.2% to $2.24 billion on a y-o-y basis. The segment's gross margin advanced 6.5% to $494.7 million, while its earnings before interest, tax, depreciation, and amortization (EBITDA) advanced 6.6% to $313.9 million. The segment saw a strong global raw material tonnage, with North American volumes exceeding FY16 levels by 3.4%, while its international tonnage grew 2% on a y-o-y basis on strong slaughter volumes.

For FY17, Darling Ingredients' Food Ingredients segment's revenues advanced 9.6% to $1.16 billion on a y-o-y basis. The segment's gross margin gained 3.9% to $236.4 million, while its EBITDA of $131.4 million remained flat on a y-o-y basis. The segment's raw material processed were up 3.7% on a y-o-y basis.

Darling Ingredients' Fuel Ingredients segment's revenues gained 7.6% to $265.8 million on a y-o-y basis in Q4 2017. The segment's gross margin fell 14.4% to $55.3 million on a y-o-y basis, while its EBITDA dropped 24.6% to $44.8 million. The segment's raw material processed inched up 0.85% on a y-o-y basis.

Cash Matters

Darling Ingredients' cash position was $107 million at the end of FY17, down from $115 million at the end of FY16. Despite spending approximately $37 million for 3 acquisitions during FY17, the Company was able to pay down $43 million in debt in the reported quarter, and exceeded its 2017 targeted pay-down of $100 million, with a total pay-down of $112.5 million. Darling Ingredients had approximately $976 million of availability under its senior revolving credit loan facility at the end of FY17.

Darling Ingredients' capital expenditure was $77.7 million in Q4 2017 compared to $47.1 million in Q4 2016. The Company ended FY17 with a capital expenditure of $274.4 million, exceeding the target of between $240 million and $250 million for FY17, due to several new plant constructions and global plant expansions to meet expanding volumes and new suppliers worldwide.

Stock Performance Snapshot

April 10, 2018 - At Tuesday's closing bell, Darling Ingredients' stock marginally climbed 0.94%, ending the trading session at $17.18.

Volume traded for the day: 849.87 thousand shares.

Stock performance in the previous six-month period – up 4.88%; and past twelve-month period – up 20.82%

After yesterday's close, Darling Ingredients' market cap was at $2.87 billion.

Price to Earnings (P/E) ratio was at 31.24.

The stock is part of the Industrial Goods sector, categorized under the Waste Management industry. This sector was up 1.8% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors