Darling Ingredients Says Core Business Has Delivered As Communicated During Q2 Earnings Call, Slightly Lower Than Q2 And Seasonally Normal For Q3
Portfolio Pulse from Benzinga Newsdesk
Darling Ingredients has announced that its core business has performed as expected during Q2, albeit slightly lower than Q2 and seasonally normal for Q3. The company also projects its combined adjusted EBITDA for fiscal year 2023 to be between $1.6 to $1.7 billion.
October 26, 2023 | 9:01 pm
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NEUTRAL IMPACT
Darling Ingredients' Q2 performance was as expected, with a slight dip compared to Q2. The company's projected EBITDA for FY2023 is between $1.6 to $1.7 billion.
The company's performance was as expected, which is generally a positive sign for investors. However, the slight dip compared to Q2 might cause some concern. The projected EBITDA for FY2023 is a forward-looking statement that could influence investor sentiment and stock price. Given the information, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100