DAR

Overview

Highlights

News

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"Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States.  
   
   
Approximate Financial Snapshot as of 10/20/08
Shares Outstanding 81.9M
52 Wk Hi/Lo 17.52/

6.25

Market Cap $607M
Recent Price $7.42

 

 

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9/23/08

Darling International (DAR)

Website: www.darlingii.com

America's leading provider of rendering, recycling and recovery solutions to the nation's food industry.


Overview

Darling International (DAR) is the largest publicly traded, food processing by-products recycling company in the United States. The Company recycles used restaurant cooking oil and by-products from the beef, pork and poultry processing industries into useable products such as tallow, feed-grade fats, meat and bone meal, and hides. 

The Company operates in two segments. Rendering and Restaurant Services. The Rendering segment engages in the collection and processing of animal by-products, including hides, from butcher shops, grocery stores, food service industry, and meat and poultry processors. It converts these products principally into useable oils and proteins utilized by the agricultural, leather, and oleo-chemical industries.

The Restaurant Services segment is involved in the collection of used cooking oils from food service establishments and recycling them into similar products, such as high-energy animal feed ingredients and industrial oils. It also provides grease trap collection services and sells equipment to restaurants.


DAR Investor Highlights

  • Reported record second quarter net income of $24.1 million, or $0.29 per share for the quarter ending June 28, 2008.
  • Reported record income of $45.5 million, or $0.55 per share, for the six months ended June 28, 2008.
  • For the second quarter of 2008, the Company reported net sales of $220.9 million as compared to $159.4 million for the second quarter of 2007.
  • For the six months ended June 28, 2008, the Company reported net sales of $422.8 million as compared to $298.0 million for the 2007 comparable period.
  • For the six months ended June 28, 2008, the Company reported net income of $45.5 million, or $0.55 per share, as compared to $19.0 million, or $0.23 per share, for the 2007 comparable period.
  • Recently announced that it has completed its acquisition of substantially all of the assets of API Recycling's used cooking oil collection business. API Recycling is a division of American Proteins, Inc., and it operated three facilities in the state of Georgia servicing surrounding states.

Recent News and Press Releases

Ugly Business, Attractive Stock

Darling International Announces Amendment of Its Credit Agreement to Increase Flexibility for Future Investments in Third Parties

Darling International Announces Acquisition of Grease Collection Business

Darling 2Q profit more than doubles

Darling International Inc. Announces Second Quarter 2008 Results

For the latest Quote and News on DAR Click Here.


Three Month Chart


Contacts

Darling International Inc.
251 O'Connor Ridge Boulevard
Suite 300
Irving, TX 75038
Phone: 972-717-0300
Fax: 972-717-1588


SEC Filings

DAR filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


 

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