Strong Cash Flow and Debt Reduction
Darling Ingredients generated positive cash flow and paid down $146.2 million in debt, reducing its financial leverage ratio to 3.33 times.
Improved Performance in Feed and Food Segments
The feed segment saw total sales increase to $896.3 million from $889.8 million in Q1 2024, with EBITDA improving to $110.6 million. The food segment also showed improved margins and volumes, with EBITDA rising to $70.9 million from $61.7 million.
Positive Outlook for Core Business
The core business is expected to earn between $950 million and $1 billion of EBITDA for the year, with strong March performance indicating continued momentum.
Renewable Fuels Market Potential
Darling Ingredients is optimistic about the sustainable aviation fuel market and anticipates benefiting from improved margins and the 45Z tax credit in the future.