Darling Ingredients Q3 sales rise

Overview

• US renewable ingredients maker's Q3 sales rose

• Net income for Q3 rose sharply as Diamond Green Diesel JV returned to profit

• Company expects Q4 results to benefit from timing of renewable diesel sales

Outlook

• Darling Ingredients sees 2026 Combined Adjusted EBITDA of $2.2-$2.3 bln

• Company expects timing differences in renewable diesel sales to benefit Q4 results

• Darling Ingredients expects strong momentum to continue into 2027

Result Drivers

• SALES TIMING - Co said Q3 results were affected by timing of renewable diesel sales and certain commercial activities, with timing expected to benefit Q4

• STRONG BUSINESS FUNDAMENTALS - Co said core business fundamentals remain strong, supporting momentum into Q4 and 2027

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy"

• Wall Street's median 12-month price target for Darling Ingredients Inc. is $81.50, about 37.9% above its October 21 closing price of $59.09

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)