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Darling Ingredients' Q1 Net Income Rises as Revenue Jumps

05/11/2021 12:55

04:40 PM EDT, 05/11/2021 (MT Newswires) -- Darling Ingredients (DAR) on Tuesday reported Q1 net income of $0.90 per share, compared with $0.51 per share a year earlier.

Analysts surveyed by Capital IQ had expected $0.63 per share.

Net sales of $1.05 billion rose year over year from $852.8 million. Analysts had projected $1.03 billion.

The company raised its adjusted EBITDA guidance for 2021 to a range of $1.075 billion to $1.150 billion, up 28% to 35% from 2020.

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