Darling Ingredients (DAR) Tops Q3 EPS by 1c
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Darling Ingredients Inc. Reports Third Quarter 2016 Financial Results: Aggressive Debt Reduction While Managing Global Commodity Volatility And Food Segment Challenges
November 10, 2016 4:30 PM ESTIRVING, Texas, Nov. 10, 2016 /PRNewswire/ --
3rd Quarter 2016 Highlights
Net income of $28.7 million, or $0.17 per GAAP diluted share Revenue of $853.9 million Adjusted EBITDA of $106.2 million Margin expansion tempered by Food Segment production challenges and inventory adjustment Record grain harvests drove lower finished product pricing for global fats and an oversupply of proteins Diamond Green Diesel ('DGD') delivers strongest earnings to date Solid cash flow generation with aggressive debt reduction of $60 millionDarling Ingredients Inc.... More
