Company profile

Ticker
DAR
Exchange
CEO
Randall Stuewe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DARLING INTERNATIONAL INC
SEC CIK
IRS number
362495346

DAR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Nov 20
16 Jan 21
2 Jan 22

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 65.96M 65.96M 65.96M 65.96M 65.96M 65.96M
Cash burn (monthly) 3.44M 1.76M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 12.74M 6.52M n/a n/a n/a n/a
Cash remaining 53.22M 59.44M n/a n/a n/a n/a
Runway (months of cash) 15.5 33.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
4 Jan 21 Jos Vervoort Common stock Grant Aquire A No 0 3,962 0 67,753
4 Jan 21 Sterling John F Common stock Grant Aquire A No 0 3,962 0 274,885
4 Jan 21 Randall C Stuewe Common stock Grant Aquire A No 0 30,176 0 918,916
4 Jan 21 der Velden Jan van Common stock Grant Aquire A No 0 4,830 0 122,540
4 Jan 21 Phillips Brad Common stock Grant Aquire A No 0 4,071 0 66,932
0.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 300 -99.7%
Opened positions 0 60 EXIT
Closed positions 299 34 +779.4%
Increased positions 1 98 -99.0%
Reduced positions 0 111 EXIT
13F shares
Current Prev Q Change
Total value 3.68B 20.98B -82.5%
Total shares 102K 155.56M -99.9%
Total puts 0 96K EXIT
Total calls 0 346.6K EXIT
Total put/call ratio 0.3
Largest owners
Shares Value Change
Hartree Partners 102K $3.68B +367.9%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 0 -18.49M EXIT
Vanguard 0 -15.84M EXIT
Dimensional Fund Advisors 0 -11.37M EXIT
FMR 0 -9.03M EXIT
Earnest Partners 0 -6.09M EXIT
IPXAF Impax Asset Management 0 -5.86M EXIT
FIL 0 -5.74M EXIT
STT State Street 0 -5.15M EXIT
NTRS Northern Trust 0 -4.33M EXIT
GS Goldman Sachs 0 -3.98M EXIT

Financial report summary

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Competition
Tyson FoodsCargillJBSRenewable Energy
Risks
  • The prices of many of our products are subject to significant volatility associated with commodities markets.
  • Our business is dependent on the procurement of raw materials, which is the most competitive aspect of our business.
  • The DGD Joint Venture subjects us to a number of risks.
  • Our biofuels business may be affected by energy policies of U.S. and foreign governments.
  • We are highly dependent on natural gas, diesel fuel and electricity, the price of which can be volatile, and such dependency could materially adversely affect our business.
  • A significant percentage of our revenue is attributable to a limited number of suppliers and customers.
  • Certain of our operating facilities are highly dependent upon a single or a few suppliers.
  • We face risks associated with our international activities, which could negatively affect our sales to customers in foreign countries and our operations and assets in such countries.
  • We may incur material costs and liabilities in complying with government regulations.
  • Seasonal factors and weather, including the physical impacts of climate changes, can impact the availability, quality and volume of raw materials that we process and negatively affect our operations.
  • Downturns and volatility in global economies and commodity and credit markets could materially adversely affect our business, results of operations and financial condition.
  • Our business may be adversely impacted by fluctuations in exchange rates, which could affect our ability to comply with our financial covenants.
  • Our substantial level of indebtedness could adversely affect our financial condition.
  • Despite our existing level of indebtedness, we and our subsidiaries may still be able to incur substantially more indebtedness, which could further exacerbate the risks to our financial condition described above.
  • We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
  • Our ability to repay our indebtedness depends in part on the performance of our subsidiaries, including our non-guarantor subsidiaries, and their ability to make payments.
  • Our business may be negatively impacted by the occurrence of any disease correctly or incorrectly linked to animals.
  • Our business may be affected by the impact of animal related disease, such as BSE and other food safety issues.
  • We have significant international sales and operations and face risks related to health epidemics which could adversely affect our business and results of operations.
  • Large capital projects can take many years to complete, and market conditions could deteriorate over time, negatively impacting project returns.
  • If we or our customers are the subject of product liability or other claims or product recalls we may incur significant and unexpected costs and our business reputation could be adversely affected.
  • Changes in consumer preference could negatively impact our business.
  • Our operations are subject to various laws, rules and regulations relating to the protection of the environment and to health and safety, and we could incur significant costs to comply with these requirements or be subject to sanctions or held liable for environmental damages.
  • If we experience difficulties or a significant disruption in our information systems or if we fail to implement new systems and software successfully, our business could be materially adversely affected.
  • Increased information technology security threats and more sophisticated computer crime pose a risk to our systems, networks, products and services.
  • Our success is dependent on our key personnel.
  • In certain markets we are highly dependent upon a single operating facility and various events beyond our control could cause an interruption in the operation of our facilities, which could adversely affect our business in those markets.
  • We could incur a material weakness in our internal control over financial reporting that would require remediation.
  • Changes in our tax rates or exposure to additional income tax liabilities could impact our profitability.
  • An impairment in the carrying value of our goodwill or other intangible assets may have a material adverse effect on our results of operations.
  • We may be subject to work stoppages at our operating facilities, which could cause interruptions in the manufacturing or distribution of our products.
  • Litigation or regulatory proceedings may materially adversely affect our business, results of operations and financial condition.
  • Certain U.S. multiemployer defined benefit pension plans to which we contribute are underfunded and these plans and our European pension funds may require minimum funding contributions.
  • The insurance coverage that we maintain may not fully cover all operational risks, and if the number or severity of claims for which we are self-insured increases, if we are required to accrue or pay additional amounts because the claims prove to be more severe than our recorded liabilities, if our insurance premiums increase or if we are unable to obtain insurance at acceptable rates or at all, our financial condition and results of operations may be materially adversely affected.
  • We may not successfully identify and complete acquisitions on favorable terms or achieve anticipated synergies relating to any acquisitions, and such acquisitions could result in unknown liabilities, unforeseen operating difficulties and expenditures and require significant management resources.
  • We may divest of certain of our brands or businesses from time to time, which could adversely affect us.
  • Media campaigns related to feed and food ingredient production present reputational and other risks.
  • Terrorist attacks or acts of war may cause damage or disruption to us and our employees, facilities, information systems, security systems, suppliers and customers, which could materially and adversely affect our net sales, costs and expenses and financial condition.
  • Our products, processes, methods, and equipment may infringe upon the intellectual property rights of others, which may cause us to incur unexpected costs or prevent us from selling our products.
  • The healthcare reform legislation in the United States and its implementing regulations could impact the healthcare benefits we are required to provide our employees in the United States and cause our compensation costs to increase, potentially reducing our net income and adversely affecting our cash flows.
  • Because of our prior acquisitions and future acquisitions we may engage in, our historical operating results may be of limited use in evaluating our historical performance and predicting our future results.
  • We may incur significant charges in the event we close or divest all or part of a manufacturing plant or facility.
  • The vote by the United Kingdom mandating its withdrawal from the EU could have an adverse effect on our business, investments and future operations in Europe.
  • The market price of our common stock has been and may continue to be volatile, which could cause the value of your investment to decline.
  • Future sales of our common stock or the issuance of other equity may adversely affect the market price of our common stock.
  • Our common stock is an equity security and is subordinate to our existing and future indebtedness.
  • Our ability to pay any dividends on our common stock may be limited and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • The issuance of shares of preferred stock could adversely affect holders of common stock, which may negatively impact your investment.
Management Discussion
  • •Non-U.S. GAAP measures
  • These indicators and their importance are discussed below.
  • Prices for finished product commodities that the Company produces in the Feed Ingredients segment are reported each business day on the Jacobsen Index (the “Jacobsen”), an established North American trading exchange price publisher. The Jacobsen reports industry sales from the prior day's activity by product. Included on the Jacobsen are reported prices for finished products such as protein (primarily meat and bone meal (“MBM”), poultry meal (“PM”) and feather meal (“FM”)), hides, fats (primarily bleachable fancy tallow (“BFT”) and yellow grease (“YG”)) and corn, which is a substitute commodity for the Company's bakery by-product (“BBP”) as well as a range of other branded and value-added products, which are products of the Company's Feed Ingredients segment. In the United States, the Company regularly monitors the Jacobsen for MBM, PM, FM, BFT, YG and corn because it provides a daily indication of the Company's U.S. revenue performance against business plan benchmarks. In Europe, the Company regularly monitors Thomson Reuters (“Reuters”) to track the competing commodities palm oil and soy meal.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
New words: achieving, brought, car, Department, GILTI, HTE, incurrence, lowest, regime, weaker
Removed: conform, County, EV, Fever, GmbH, injunctive, published, reclassification, requirement, reset, schedule, springing, Superior