On August 8 2023, DARLING INGREDIENTS ($NYSE:DAR) announced its financial results for the second quarter of fiscal year 2023 ending on June 30 2023. Total revenue for the quarter reached USD 1757.6 million, a 6.5% rise from the same quarter in the previous year. Additionally, reported net income was 24.9% higher year over year, totaling USD 252.4 million.
On Tuesday, Darling Ingredients Inc. reported their Q2 FY 2023 earnings results for the quarter ending June 30th, 2023. The stock opened at $66.8 and closed at $68.4, indicating a positive growth in its stock value. The company’s Chairman and CEO, Randall Stuewe, said that he was pleased with their performance in the quarter and reassured investors that they would continue to focus on increasing their market share and delivering long-term shareholder returns.
He also added that the company has invested heavily in research and development, which has helped them remain competitive in the industry. Finally, he said that the company continues to be well positioned for long-term success and will continue to work towards improving their financial performance. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Darling Ingredients. More…
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GoodWhale is here to help you analyze the fundamentals of DARLING INGREDIENTS. After conducting an in-depth analysis of the company’s financial and business aspects, we have concluded that it is a medium risk investment. We have identified two risk warnings in the balance sheet and financial journal, which you can explore further once you register with us. Our analysis provides essential insights into the company’s financial health, allowing you to make an informed decision about whether DARLING INGREDIENTS is worth investing in. More…
Risk Rating Analysis
Star Chart Analysis
The company produces a variety of ingredients for the food, beverage, and animal feed industries. Darling Ingredients Inc has a number of competitors, including Guilin Seamild Foods Co Ltd, Kore Foods Ltd, and Slantcho AD.
– Guilin Seamild Foods Co Ltd ($SZSE:002956)
Guilin Seamild Foods Co Ltd is a market leader in the production of rice-based food products in China. The company has a strong market presence in the domestic market and is also expanding its operations in the international market. The company has a market capitalization of 2.95 billion as of 2022 and a return on equity of 4.39%. The company is engaged in the production of a wide range of rice-based food products, including rice noodles, rice cakes, and rice crackers. The company has a strong research and development team that is constantly innovating new products to meet the changing needs of the market. The company is well-positioned to continue its growth in the future.
Kore Foods Ltd is a food company that produces and sells food products. The company has a market cap of 156.58M as of 2022 and a Return on Equity of -46.07%. Kore Foods Ltd’s products include processed meats, poultry, and seafood; and prepared meals. The company sells its products through supermarkets, hypermarkets, and convenience stores in the United Kingdom, the United States, Canada, Australia, New Zealand, and internationally.
Darling Ingredients reported its financial results for the second quarter of fiscal 2023, with an increase in total revenue of 6.5% and net income up 24.9%. This is a positive sign for investors, as the company is showing increased profitability and strong growth year over year. This suggests that Darling Ingredients can continue to grow and produce strong returns for investors in the coming quarters. Additionally, the stock is trading at a relatively low price compared to its competitors, which could provide further upside for investors.