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Darling Ingredients Inc. (NYSE:DAR ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Suann Guthrie - Senior Vice President-Investor Relations, Sustainability & Communications Randall C. Stuewe - Chairman & Chief Executive Officer Brad Phillips - Executive Vice President & Chief Financial Officer Bob Day - Executive Vice President-Strategy Matt Jansen - Chief Operating Officer-North America Conference Call Participants Manav Gupta - UBS Adam Samuelson - Goldman Sachs Derrick Whitfield - Stifel Dushyant Ailani - Jefferies Paul Cheng - Scotiabank Andrew Strelzik - BMO Sam Margolin - Wolfe Research Ben Bienvenu - Stephens Matthew Blair - TPH Jason Gabelman - Cowen Operator Good morning and welcome to the Darling Ingredients Inc. Conference Call to discuss the company's Third Quarter 2023 Results.

The headline numbers for Darling (DAR) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

IRVING, Texas , Oct. 30, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) will release third quarter 2023 financial results on Tuesday, November 7, 2023. A press release will be issued after market via PR Newswire, and a presentation with accompanying supplemental financial data will also be available in the investors section of the company's website.

Diamond Green Diesel is a key growth driver for Darling Ingredients, contributing over 50% of EBITDA in Q2 2023. DAR exceeded production expectations in Q2 2023 and is projected to produce 58% more biodiesel in 2023. Revenue from animal fats declined, but revenue from protein feed and collagen in the food ingredient segment saw significant growth.

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Darling Ingredients released a strong 2Q23 financial report, but the share price since has been weak. Diamond Green Diesel had a record quarter and is on track to achieve the guided 1,200 million gallons of RD. DAR management reiterated guidance of $1.85 billion EBITDA. If achieved, DAR appears undervalued.

While the top- and bottom-line numbers for Darling (DAR) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Darling Ingredients has the potential to expand renewable diesel production and combat climate change. The company has been experiencing significant revenue growth and profits in its Fuel Ingredients segment. The risk is that governments might change their policies, impacting Darling Ingredients' profitability.

IRVING, Texas , Aug. 2, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) will release second quarter 2023 financial results on Tuesday, August 8, 2023. A press release will be issued after market via PR Newswire, and a presentation with accompanying supplemental financial data will also be available in the investors section of the company's website.

Governments, companies and consumers are striving to be environmentally friendly and to promote the use of green energy like never before. In this new green era, many renewable energy stocks are going to thrive.