Overview

* Darling Ingredients ( DAR ) Q3 net sales of $1.6 bln beat analyst expectations

* Net income for Q3 rises to $19.4 mln, up from $16.9 mln last year

* Company agrees to sell $125 mln in production tax credits in Q4

Outlook

* Darling Ingredients ( DAR ) estimates 2025 core ingredients Adjusted EBITDA at $875-900 mln

* Company plans to sell additional $125-175 mln in production tax credits by year-end

Result Drivers

* CORE INGREDIENTS MOMENTUM - Co attributes growth to strong fundamentals across all segments of its core ingredients business

* DGD IMPACT - Earnings from Diamond Green Diesel negatively affected by production tax credits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.6 bln $1.51

bln (8

Analysts

)

Q3 EPS $0.12

Q3 Net $19.4

Income mln

attribut

able to

Darling

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "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 ( DAR ) is $45.00, about 32.1% above its October 21 closing price of $30.56

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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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.)