whytestocks
4 years ago
JUST IN: $DAR Looking to Invest $3,000? These 3 Stocks Are Buys Ahead of Their Earnings Reports
You never know what earnings season will bring, but one thing's for sure: It will bring a few surprises. A good earnings report can give a sleepy stock a big boost, while a bad one can send the price tumbling. But if you want to invest $3,000 before earnings season, which stocks should you ...
Got this from DAR - Looking to Invest $3,000? These 3 Stocks Are Buys Ahead of Their Earnings Reports
bikeguy
14 years ago
Darling International Inc. Announces Second Quarter 2010 Results
Darling International Inc. (NYSE:DAR)
Intraday Stock Chart
Today : Friday 13 August 2010
Darling International Inc. (NYSE: DAR) today reported net income of $11.4 million, or $0.14 per share, for the second quarter ended July 3, 2010. Sales and results of operations for the second quarter as compared to the same period of the prior year are as follows:
For the second quarter of 2010, the company reported net sales of $166.2 million as compared to $155.3 million for the second quarter of 2009. Higher finished product prices and increased raw material volume accounted for the majority of the $10.9 million increase.
Net income for the second quarter of 2010 was $11.4 million, or $0.14 per share, as compared to $11.7 million, or $0.14 per share, for the 2009 comparable period. The $0.3 million decrease in net income for the second quarter resulted from increased operating costs and depreciation / amortization expense related to acquisitions and the company's investment into its renewable diesel joint venture project.
Darling International Chairman and Chief Executive Officer, Randall Stuewe, said, "Second quarter performance tracked the first quarter results and our business continues to operate solidly. Unseasonably warm temperatures detrimentally affected finished product quality which lowered net sales values and impacted earnings."
For the six months ended July 3, 2010, the company reported net sales of $329.0 million, as compared to $288.3 million for the 2009 comparable period. The $40.7 million increase in sales is primarily attributed to higher finished product prices and increased raw material volume.
For the six months ended July 3, 2010, the company reported net income of $22.8 million, or $0.28 per share, as compared to $16.5 million, or $0.20 per share, for the 2009 comparable period. The $6.3 million increase in net income for the six months ended July 3, 2010, resulted primarily from higher finished product prices and increases in both volume and yield of raw material.
Darling International will host a conference call to discuss the Company's second quarter 2010 financial results at 10:00 am Eastern Time (9:00 am Central Time) on Friday, August 13, 2010. To listen to the conference call, participants calling from within North America should dial 877-317-6789; international participants should dial 412-317-6789. Please refer to access code 443448. Please call approximately ten minutes before the start of the call to ensure that you are connected.
The call will also be available as a live audio webcast that can be accessed on the company website at http://www.darlingii.com/investors.aspx. Beginning one hour after its completion, a replay of the call can be accessed through August 20, 2010, by dialing 877-344-7529 domestically, or 412-317-0088 if outside North America. The access code for the replay is 443448. The conference call will also be archived on the Company's website.
Darling International Inc. 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. These products are primarily sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the Company provides grease trap collection services and sells equipment to restaurants.
For additional information, visit the Company's web site at http://www.darlingii.com.
bikeguy
14 years ago
Darling International Announces Second Quarter 2010 Earnings Conference Call and Webcast
Darling International Inc. (NYSE:DAR)
Intraday Stock Chart
Today : Tuesday 10 August 2010
Darling International Inc. (NYSE: DAR) will hold a conference call and webcast on Friday, August 13, 2010 to discuss the Company's second quarter 2010 financial results. The teleconference will begin at 10:00 a.m. Eastern Time and will be hosted by Mr. Randall Stuewe, CEO and Chairman of the Board, and Mr. John Muse, Executive Vice President of Finance and Administration. The related press release will be issued after the market closes on August 12, 2010.
To participate in the teleconference, please dial 877-317-6789 a few minutes before the scheduled start time. International callers are invited to call 412-317-6789. Please refer to confirmation code 443448. A replay of the call will be available one hour after the completion of the call through August 20, 2010 at 5:00 p.m. Eastern Time. To access the replay, please dial 877-344-7529, or if you are calling internationally, dial 412-317-0088. Please refer to confirmation code 443448. The live webcast and archived replay also can be accessed on the Company's web site at http://www.darlingii.com/investors.aspx.
Darling International Inc. 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. These products are primarily sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the Company provides grease trap collection services and sells equipment to restaurants. For additional information, visit the company's Web site at www.darlingii.com.
Contact: John O. Muse
Executive Vice President of Finance and
Administration, or Brad Phillips,
Treasurer
972-717-0300
Tina
15 years ago
BUSINESS SUMMARY
Darling International Inc. provides rendering, recycling, and recovery solutions to the food industry worldwide. The company operates in two segments, Rendering and Restaurant Services. The Rendering segment collects and processes animal by-products, including hides from butcher shops, grocery stores, food service industry, and meat and poultry processors; and converts them principally into useable oils and proteins utilized by the agricultural, leather, and oleo-chemical industries. The Restaurant Services segment engages in the collection of used cooking oils from food service establishments and recycling them into similar products, such as animal feed ingredients and industrial oils. This segment also sells grease collection equipment and provides grease trap servicing, as well as schedules services, such as fat and bone and used cooking oil collection, as well as trap cleaning for contracted customers. Darling International sells its products through commodities brokers and company agents, as well as directly to customers. The company was formerly known as Darling-Delaware Company, Inc. and changed its name to Darling International Inc. in December 1993. Darling International Inc. was founded in 1882 and is headquartered in Irving, Texas.
Tina
15 years ago
TOP INSTITUTIONAL HOLDERS
Holder Shares % Out Value* Reported
SouthernSun Asset Management, Inc. 7,740,311 9.41 $56,891,285 30-Sep-09
Barclays Global Investors UK Holdings Ltd 5,796,159 7.05 $42,601,768 30-Sep-09
THOMSON HORSTMANN & BRYANT, INC. 4,412,137 5.37 $32,429,206 30-Sep-09
FMR LLC 4,399,100 5.35 $32,333,385 30-Sep-09
VANGUARD GROUP, INC. (THE) 4,114,636 5.00 $30,242,574 30-Sep-09
WELLINGTON MANAGEMENT COMPANY, LLP 2,523,843 3.07 $18,550,246 30-Sep-09
STATE STREET CORPORATION 2,240,150 2.72 $16,465,102 30-Sep-09
Gates Capital Management, Inc. 1,787,472 2.17 $13,137,919 30-Sep-09
DIMENSIONAL FUND ADVISORS LP 1,756,257 2.14 $12,908,488 30-Sep-09
JENNISON ASSOCIATES LLC 1,623,400 1.97 $11,931,990
Tina
15 years ago
Garbage Into Gold
Darling International (NYSE:DAR) is one of those names that many don't know but need to. Darling takes the grease and animal byproduct waste left by restaurants, grocery stores and meat processors. Ever wonder what happens to all that grease that is used to fry McDonald's (NYSE:MCD) french fries? Darling takes care of it for McDonald's for a nice fee.
Despite the fact that shares are up over 50% year to date, Darling shares have great upside in the years ahead. The company has spent years buying up smaller competitors and has become the formidable player in this market. The shares trade for $7.15, valuing the company at $585 million, 32 times current earnings. That looks expensive until you realize that Darling had one quarter with a non-recurring loss of $15 million. Normalized, the company will make over $50 million in profits, less than 12 times earnings. That's a great value for a company with great growth potential.
News
Market Data
Register to chat with like-minded investors on our interactive forums.
newmedman
11 years ago
OCKHAM'S RAZOR
11 years ago
Penny Roger$
13 years ago
BSWB
17 years ago
