Darling Ingredients reports a stellar Q1
With net sales of $1.05 billion (€860 million) for the first three months of 2021, the team delivered the best quarter in the company’s history.
“As a result of the solid performance of our global ingredients business to start the year and an improved outlook for DGD, we are increasing our combined adjusted EBITDA guidance to a range of $1.075 billion to $1.150 billion for 2021. This new guidance range is 28% to 35% better than our 2020 performance and sets up our global business for continued growth and improved profitability into the future,” commented Stuewe, chairman and CEO of Darling Ingredients Inc.
Combined adjusted EBITDA was $284.8 million for the first quarter of 2021, compared to $213.3 million for the same period in 2020.