Benzinga | Nov 3, 2020 04:31PM EST

Darling Ingredients: Q3 Earnings Insights

Shares of Darling Ingredients (NYSE:DAR) rose 0.18% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 306.67% over the past year to $0.61, which beat the estimate of $0.44.

Revenue of $850,569,000 higher by 1.01% from the same period last year, which missed the estimate of $854,450,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $48.35

Company's 52-week low was at $10.25

Price action over last quarter: Up 49.06%

Company Description

Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers, and other specialty products. In addition, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments: feed ingredients (majority of revenue), food ingredients, and fuel ingredients. It provides grease trap services for food businesses, and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its sales from customers in North America.