LONDON, April 2, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings notes on Darling Ingredients Inc. (NYSE: DAR). On March 04, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended January 03, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Darling%20Ingredients&d=02-Apr-2015&s=DAR to read our free earnings review on Darling Ingredients Inc. (Darling). The company's net sales stood at $1.00 billion for Q4 FY14 and $3.96 billion for FY14. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Darling%20Ingredients&d=02-Apr-2015&s=DAR
Earnings Overview
During Q4 FY14, Darling's net sales surged $552.26 million from $447.94 million in Q4 FY13. The company's Q4 FY14 net sales outperformed Bloomberg analysts' forecast of $954.33 million. Darling's Feed Ingredients segment reported net sales of $605.98 million in Q4 FY14 compared to $447.39 million in Q4 FY13. Fuel Ingredients segment's net sales were $72.18 million in Q4 FY14 compared to $7.91 million in Q4 FY13. Further, Darling's Food Ingredients segment's net sales came in at $322.05 million in Q4 FY14. Free research on DAR can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Darling%20Ingredients&d=02-Apr-2015&s=DAR
For Q4 FY14, Darling's operating income stood at $39.66 million compared to $18.54 million in Q4 FY13. The company's Q4 FY14 net income attributable to Darling was $69.94 million, or $0.42 per diluted share, compared to $22.49 million, or $0.18 per diluted share, in Q4 FY13. Moreover, the company's non-GAAP EBITDA was $108.70 million in Q4 FY14 compared to $50.25 million in Q4 FY13.
Chairman and CEO of Darling, Randall C. Stuewe, stated that the company's business continued to experience headwinds in Q4 FY14 from globally lower prices for the company's finished products and a stronger U.S. dollar.
For FY14, Darling's net sales increased by $2.15 billion from $1.80 billion in FY13, thus outperforming Bloomberg analysts' forecast of $3.85 billion for the reported quarter. Increase in sales in FY14 was primarily due to the inclusion of the newly acquired businesses. Sign up and read the free analyst's notes on DAR at:
http://get.Investor-Edge.com/pdf/?c=Darling%20Ingredients&d=02-Apr-2015&s=DAR
During FY14, Darling's operating income came in at $164.51 million compared to $169.57 million in FY13. Net income attributable to Darling stood at $64.22 million, or $0.39 per diluted share, compared to $108.97 million, or $0.91 per diluted share, in FY13. Adjusted diluted earnings per share attributable to Darling came in at $1.20 in FY14 compared to $1.13 in FY13. Additionally, Darling reported non-GAAP EBITDA of $434.03 million in FY14 compared to $268.35 million in FY13.
Mr. Stuewe stated that in FY14 the company aggressively stepped onto the world stage and launched its new global platform. He added that FY14 has been a challenging year in light of the global deflationary pressures the company faced, but Darling successfully executed a significant international integration and is patiently building its platform as the world's leader in creating sustainable food, feed and fuel ingredients for a growing population. Visit Investor-Edge and access the latest research on DAR at:
http://get.Investor-Edge.com/pdf/?c=Darling%20Ingredients&d=02-Apr-2015&s=DAR
Stock Performance
On the day following the earnings release, March 05, 2015, Darling's stock plummeted 6.97% to end the session at $16.02. Since then, the stock has moved both ways. On the last close, Wednesday, April 01, 2015, the company's shares finished 2.00% higher at $14.29, after vacillating between $13.89 and $14.39. A total of 2.61 million shares were traded which was above their three months average volume of 2.57 million shares. Over the last one month and over the past three months, the company's shares have declined 17.97% and 21.31%, respectively. Shares in Darling are trading below their 50-day and 200-day moving averages of $16.16 and $18.12, receptively. Furthermore, the stock traded at a PE ratio of 21.44.
Sneak Peek to Corporate Insider Trading
In the last one month, there were 17 corporate insider transactions done by 7 individuals. Between March 04, 2015 and March 16, 2015, a total of 86,600 shares were purchased at an average price of $3.94 per share and for a total value of $341,604. During the same period, a total of 165,385 shares, worth $2.61 million, were sold at an average price of $15.78 per share. The following are some of the abovementioned transactions: Randall C. Stuewe bought 82,600 shares at an average price of $3.94 per share and sold 104,497 shares at an average price of $15.20 per share; Martin W. Griffin, Executive Vice President Chief Operations Officer at Darling North America, sold 12,803 shares at an average price of $15.70 per share; and Dirk Kloosterboer, Chief Operating Officer at Darling, disposed 19,500 shares at an average price of $17.22 per share. Complimentary in-depth research on DAR is available at:
http://get.Investor-Edge.com/pdf/?c=Darling%20Ingredients&d=02-Apr-2015&s=DAR
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