Darling Ingredients Inc. (NYSE: DAR) spotted trading -13.00% off 52-week high price. On the other end, the stock has been noted 9.39% away from the low price over the last 52-weeks. The stock changed 0.25% to recent value of $19.68. The stock transacted 751613 shares during most recent day however it has an average volume of 829.35K shares. The company has 166.65M of outstanding shares and 162.99M shares were floated in the market.
On Aug. 7, 2019, Darling Ingredients Inc. (NYSE:DAR) a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries, declared financial results for the 2019 second quarter ended June 29, 2019.
Second Quarter 2019 Overview
- Revenue of $827.3 million
- Net income of $26.3 million, or $0.16 per GAAP diluted share
- Adjusted EBITDA of $115.5 million
- Diamond Green Diesel (DGD) delivers $1.25 EBITDA per gallon
- Consolidated adjusted pro forma EBITDA $159.4 million
- DGD issued partner dividend of $17.7 million in April 2019, with a subsequent dividend of $37.8 million in July 2019
- US bond refinanced, lowering borrowing cost and extending maturity with extinguishment costs incurred in quarter
For the second quarter of 2019, the Company reported net sales of $827.3 million, as compared with net sales of $846.6 million for the second quarter of 2018. The reduction in net sales of $(19.3) million is mainly the result of lower global protein prices and the divestiture of the Company’s industrial residuals business in May 2018 which was partially offset by the increase in sales volumes of the specialty pet food business and increased collagen sales values.
Net income attributable to Darling for the three months ended June 29, 2019 was $26.3 million, or $0.16 per diluted share, compared to a net loss of $(30.4) million, or $(0.18) per diluted share, for the second quarter of 2018. The increase in net income over the same period in fiscal 2018 reflects the absence of the following one-time costs realized last year: debt extinguishment costs of $23.5 million related to Euro bond refinancing; the loss of $15.5 million from the sale of Terra Renewal Services subsidiary; and $15.0 million of restructuring and impairment charges incurred as a result of the Hurlingham, Argentina, gelatin plant closure.
Its earnings per share (EPS) expected to touch remained 8.00% for this year while earning per share for the next 5-years is expected to reach at 3.00%. DAR has a gross margin of 21.80% and an operating margin of 1.50% while its profit margin remained 0.70% for the last 12 months.
According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.53% from the mean of 20 days, -0.51% from mean of 50 days SMA and performed -4.59% from mean of 200 days price. Company’s performance for the week was -3.20%, -1.30% for month and YTD performance remained 2.29%.
Sam Leventhal is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Sam is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Technology News category for our site.
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Phone Number: 613-785-7363