Darling Ingredients Reports Second Quarter Earnings Results for FY2023

August 21, 2023

☀️Earnings Overview

On August 8, 2023, DARLING INGREDIENTS ($NYSE:DAR) released their financial report for Q2 of fiscal year 2023, which closed on June 30, 2023. The total revenue gained came to USD 1757.6 million, showing a 6.5% increase compared to the same period in the prior year. Net income rose to USD 252.4 million, indicating a 24.9% growth year-on-year.

Price History

On Tuesday, Darling Ingredients Inc. reported their second quarter earnings results for fiscal year 2023. Overall, the quarter was fairly successful for Darling Ingredients, and investors are hopeful that the company will continue its positive trajectory for the remainder of the fiscal year. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Darling Ingredients. More…

    Total Revenues Net Income Net Margin
    7.06k 785.83 11.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Darling Ingredients. More…

    Operations Investing Financing
    849.97 -2.42k 1.68k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Darling Ingredients. More…

    Total Assets Total Liabilities Book Value Per Share
    10.97k 6.52k 27.39
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Darling Ingredients are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    27.6% 75.3% 16.2%
    FCF Margin ROE ROA
    5.9% 17.0% 6.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of DARLING INGREDIENTS‘ financials and the results show that the company has a very high health score of 8 out of 10, indicating that it is in a strong financial position and able to ride out any crisis without going bankrupt. Further, our Star Chart reveals that DARLING INGREDIENTS is strong in growth, medium in profitability, but weak in asset and dividend. This means that a significant portion of the company’s financials can be attributed to its revenue growth and competitive advantage, rather than its asset and dividend. Based on these findings, we classify DARLING INGREDIENTS as a ‘gorilla’, a type of company that is able to achieve stable and high revenue or earning growth due to its strong competitive advantage. As such, this type of company is likely to be attractive to investors looking for long-term investments that have the potential for steady returns. Those with a higher risk appetite may also be drawn to the potential for significant returns from DARLING INGREDIENTS, as it has the potential for further growth in the future. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    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 ($BSE:500458)

    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 Inc. reported its second quarter earnings results for the fiscal year ending June 30, 2023 on August 8, 2023. Total revenue came in at USD 1757.6 million, representing a 6.5% year-on-year increase, while net income rose 24.9% to USD 252.4 million in the same period. These results are encouraging for potential investors, as they suggest that Darling Ingredients has been able to increase their profitability despite the difficult economic environment.

    The company has also implemented innovative solutions and cost-savings measures, which have helped to generate higher revenue and net income. As such, investors may consider the company a viable investment option in the near future.

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