Company Quick10K Filing
Darling Ingredients
10-Q 2020-03-28 Filed 2020-05-06
10-K 2019-12-28 Filed 2020-02-25
10-Q 2019-09-28 Filed 2019-11-06
10-Q 2019-06-29 Filed 2019-08-07
10-Q 2019-03-30 Filed 2019-05-08
10-K 2018-12-29 Filed 2019-02-27
10-Q 2018-09-29 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-09
10-K 2017-12-30 Filed 2018-02-27
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-07-01 Filed 2017-08-09
10-Q 2017-04-01 Filed 2017-05-11
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-10-01 Filed 2016-11-10
10-Q 2016-07-02 Filed 2016-08-11
10-Q 2016-04-02 Filed 2016-05-12
10-K 2016-01-02 Filed 2016-03-01
10-Q 2015-10-03 Filed 2015-11-12
10-Q 2015-07-04 Filed 2015-08-13
10-Q 2015-04-04 Filed 2015-05-14
10-K 2015-01-03 Filed 2015-03-04
10-Q 2014-09-27 Filed 2014-11-06
10-Q 2014-06-28 Filed 2014-08-07
10-Q 2014-03-29 Filed 2014-05-08
10-K 2013-12-28 Filed 2014-02-26
10-Q 2013-09-28 Filed 2013-11-07
10-Q 2013-06-29 Filed 2013-08-08
10-Q 2013-03-30 Filed 2013-05-09
10-K 2012-12-29 Filed 2013-02-27
10-Q 2012-09-29 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-10-01 Filed 2011-11-10
10-Q 2011-07-02 Filed 2011-08-11
10-Q 2011-04-02 Filed 2011-05-12
10-K 2011-01-01 Filed 2011-03-02
10-Q 2010-10-02 Filed 2010-11-10
10-Q 2010-07-03 Filed 2010-08-12
10-Q 2010-04-03 Filed 2010-05-13
10-K 2010-01-02 Filed 2010-03-03
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-05-05 Shareholder Vote, Exhibits
8-K 2020-03-02 Officers, Exhibits
8-K 2020-02-25 Earnings, Exhibits
8-K 2020-01-15 Regulation FD, Exhibits
8-K 2020-01-02 Other Events, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-09-09 Other Events, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-05-14 Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-05-07 Shareholder Vote
8-K 2019-05-01 Enter Agreement, Exhibits
8-K 2019-04-02 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-03-28 Other Events, Exhibits
8-K 2019-03-27 Other Events, Exhibits
8-K 2019-03-19 Regulation FD, Exhibits
8-K 2019-02-27 Earnings, Exhibits
8-K 2018-11-07 Other Events, Exhibits
8-K 2018-11-05 Earnings, Other Events, Exhibits
8-K 2018-11-05 Officers, Exhibits
8-K 2018-10-11 Regulation FD, Exhibits
8-K 2018-10-05 Other Events, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-05-21 Other Events, Exhibits
8-K 2018-05-16 Regulation FD, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-05-08 Shareholder Vote
8-K 2018-05-02 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-04-25 Other Events, Exhibits
8-K 2018-04-23 Other Events, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-01-15 Officers, Exhibits

Darling Ingredients Financials

DAR Metrics, Comps, Filings

Quarterly | Annual

Business

Founded by the Swift meat packing interests and the Darling family in 1882, Darling Ingredients Inc. ("Darling", and together with its subsidiaries, the "Company" or "we," "us" or "our") was incorporated in Delaware in 1962 under the name "Darling-Delaware Company, Inc." Darling changed its name from "Darling-Delaware Company, Inc." to "Darling International Inc." on December 28, 1993, and from "Darling International Inc." to "Darling Ingredients Inc." on May 6, 2014. The address of Darling's principal executive office is 251 O'Connor Ridge Boulevard, Suite 300, Irving, Texas, 75038, and its telephone number at this address is (972) 717-0300.

We are 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. With operations on five continents, the Company collects and transforms all aspects of animal by-product streams into useable and specialty ingredients, such as collagen, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides. The Company also recovers and converts recycled oils (used cooking oil and animal fats) into valuable feed and fuel ingredients, and collects and processes residual bakery products into feed ingredients. In addition, the Company provides environmental services, such as grease trap collection and disposal services to food service establishments. In fiscal 2018, the Company generated $3.4 billion in revenues and $101.5 million in net income attributable to Darling.

We are a leading provider of animal by-product processing, used cooking oil and bakery residual recycling and recovery solutions to the U.S. food industry. We operate over 135 processing and transfer facilities in the United States to produce finished products such as protein (primarily meat and bone meal ("MBM") and poultry meal ("PM")), meat products for the pet food industry, blood products (plasma and whole blood), collagen, fats (primarily bleachable fancy tallow ("BFT"), poultry grease ("PG") and yellow grease ("YG")), bakery by-products ("BBP") and hides, as well as a range of branded and value-added products. Darling sells these products in North America and throughout the world, primarily to producers of animal feed, pet food, biodiesel, fertilizer and other consumer and industrial ingredients, including oleo-chemicals, soaps and leather goods, for use as ingredients in their products or for further processing. In the United States, Darling operates a biodiesel facility and is a partner with Valero Energy Corporation in Diamond Green Diesel, a renewable diesel facility, both of which convert used cooking oils into valuable biofuel products. In Canada, the Company operates under the name Rothsay, which is a leading recycler of animal by-products and producer of biodiesel. Rothsay processes raw materials into finished fat and protein products for use in animal feed, pet food, biodiesel, fertilizer and other ingredients and manufactures biodiesel for domestic and international markets. Rothsay has a network of five rendering plants in Manitoba, Ontario and Nova Scotia and a biodiesel operation in Quebec.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Ingredion (INGR) 5,635 23% 10.5 7% 6,095 3,502 5,737 1,309 405 683 7,193
Flowers Foods (FLO) 4,840 0% 15.3 6% 3,209 1,916 4,087 0 183 373 5,717
Lancaster Colony (LANC) 4,044 25% 17.1 16% 962 213 1,328 337 152 226 3,870
Darling Ingredients (DAR) 3,335 17% 12.6 2% 4,945 2,572 3,358 560 120 383 4,826
Treehouse Foods (THS) 3,069 17% -27.3 -7% 5,261 3,455 5,090 840 -390 -192 5,239
Nomad Foods (NOMD) 2,910 0% 5,341 3,282 0 0 0 0 2,910
Hain Celestial Group (HAIN) 2,245 20% -13.3 -11% 2,236 765 2,224 443 -253 -192 2,550
Freshpet (FRPT) 1,850 36% 229.2 -2% 206 83 232 84 -4 8 1,878
Hostess Brands (TWNK) 1,685 25% 16.5 2% 3,067 1,510 906 229 70 145 2,401
B&G Foods (BGS) 1,254 21% 12.8 5% 3,572 2,729 1,648 339 178 245 3,137
Medifast (MED) 1,216 75% 12.3 37% 199 87 689 518 74 92 1,135
Landec (LNDC) 342 14% 35.9 -1% 546 281 572 79 -5 12 435
Seneca Foods (SENEA) 295 4% 13.2 1% 1,046 633 1,270 55 11 39 522
Farmer Brothers (FARM) 228 29% 21.8 -15% 440 278 587 172 -66 10 220
Simplicity Bancorp (SMPL) 120 1.6 1% 863 725 0 0 5 16 25
Dean Foods (DF) 110 20% -3.9 -20% 2,295 2,188 7,418 1,487 -465 -307 1,191
Ricebran (RIBT) 86 -1% -8.9 -29% 35 8 18 -0 -10 -9 83
Lifeway Foods (LWAY) 60 24% 28.1 -1% 58 16 70 17 -1 2 54
Future Fintech Group (FTFT) 28 53% -38.1 -6% 65 140 1 0 -4 -2 59
Farmmi (FAMI) 18 0% 30 8 0 0 0 0 17

Balance Sheet ($MM)2010-07-032010-10-022011-01-012011-04-022011-07-022011-10-012011-12-312012-03-312012-06-302012-09-292012-12-292013-03-302013-06-292013-09-282013-12-282014-03-292014-06-282014-09-272015-01-032015-04-042015-07-042015-10-032016-01-022016-04-022016-07-022016-10-012016-12-312017-04-012017-07-012017-09-302017-12-302018-03-312018-06-302018-09-292018-12-292019-03-302019-06-292019-09-28
Cash66771938122939287288103122134887114314419310911212614915714715814911513912511010712310482107968769
Accounts Receivable4646879810910196839799989892107484551590575604635368379371376400383388390383415392414371363386371358355
Inventory252746506367515856646563637165411432420402398396367345373364359331342360375358373371362341340348353
PP&E1591593933933963996794094234397804634795221,0481,6821,6971,6382,1001,5081,5161,5172,1611,5361,5281,5352,3581,5331,5851,6222,7211,6581,6241,6312,9341,6921,7221,715
Assets4484611,3821,4051,5061,5581,5951,6131,7111,7781,8351,9111,9862,0443,38111,2867,0275,3785,1714,9584,9394,8484,7904,8724,8604,8174,6984,7234,8304,9354,9585,0864,8574,8054,8894,9955,0374,945
Accounts Payable2222707588716044715954586549425493476491541593327369211204177169181181186214217188185178219193209192
Long-Term Debt30297103703303102802792812852872842772778872,3932,3712,2832,1522,0912,0452,0241,9601,9711,9051,8461,7751,7271,7281,7341,7411,7641,6881,6681,6971,6641,6401,560
Liabilities1381399185986456556756577167437738138598851,3613,4543,4313,3063,1203,0002,9702,9322,8152,8412,8022,7312,6222,6162,6632,7302,6312,6462,5192,4902,5542,6382,6302,572
Stockholders' Equity3103224648071,2011,2381,2631,2941,3231,3571,3841,4151,4421,5862,0471,9922,0251,9713,7001,8531,8671,8141,8711,9271,9561,9841,9731,9992,0642,1232,2452,3652,2632,2542,2732,2912,3432,308
Income Statement ($MM)2010-07-032010-10-022011-01-012011-04-022011-07-022011-10-012011-12-312012-03-312012-06-302012-09-292012-12-292013-03-302013-06-292013-09-282013-12-282014-03-292014-06-282014-09-272015-01-032015-04-042015-07-042015-10-032016-01-022016-04-022016-07-022016-10-012016-12-312017-04-012017-07-012017-09-302017-12-302018-03-312018-06-302018-09-292018-12-292019-03-302019-06-292019-09-28
Revenue1661692274407424564313874374534254454244264299311,5139561,000875859854810780877854887880896938953875847813853835827842
Cost of Revenue124126162301501327314276314328314323310310318755748725905685668671630599677671695690701744741678653648647645653
Gross Profit42436513924112911711112312511112311411611017676523195190191182180181200183193190196194211197194164188183189
R&D
SG&A1616203149353637373939424143469511211146878475778176778088868391877967858184
Tax6662753251617222216201717112164013221568-11384668613710125811
Net Income1111104752412930363729322728223551167019184586193731422610910798-29-542203127
Cash Flow ($MM)2010-07-032010-10-022011-01-012011-04-022011-07-022011-10-012011-12-312012-03-312012-06-302012-09-292012-12-292013-03-302013-06-292013-09-282013-12-282014-03-292014-06-282014-09-272015-01-032015-04-042015-07-042015-10-032016-01-022016-04-022016-07-022016-10-012016-12-312017-04-012017-07-012017-09-302017-12-302018-03-312018-06-302018-09-292018-12-292019-03-302019-06-292019-09-28
Cash Operating223381385667548956515970404223721389659188109125451231121109410371142271017249106108
Cash Investing-10-748-14-24-19330-45-40-3513-58-154-64511,389-46-49-903-99-63-686-55-57-72-19-80-71-73-55-55-78-80-83-72
Cash Financing-1657-48-39-20-3000-0-013-0-111,4719,682-35-38-9437-65-29-466-53-62-670-48-21-7646-55-2121-32-49