DAR - Darling Ingredients Inc. (DAR) Q1 2024 Earnings Call Transcript

2024-04-25 15:23:09 ET

Darling Ingredients Inc. (DAR)

Q1 2024 Earnings Conference Call

April 25, 2024 09:00 AM ET

Company Participants

Suann Guthrie - Senior Vice President, Investor Relations, Sustainability & Communications

Randall Stuewe - Chairman & Chief Executive Officer

Brad Phillips - Executive Vice President & Chief Financial Officer

Bob Day - Executive Vice President-Strategy

Matt Jansen - Chief Operating Officer-North America

Conference Call Participants

Dushyant Ailani - Jefferies

Tom Palmer - Citi

Ben Bienvenu - Stephens

Adam Samuelson - Goldman Sachs

Manav Gupta - UBS

Paul Cheng - Scotiabank

Andrew Strelzik - BMO

Derrick Whitfield - Stifel

Ryan Todd - Piper Sandler

Ben Kallo - Baird

Heather Jones - Heather Jones Research

Presentation

Operator

Good morning, and welcome to the Darling Ingredients Incorporated Conference Call to discuss the company's First Quarter 2024 Financial Results. After the speaker’s prepared remarks, there will be a question-and-answer period, and instructions to ask a question will be given at that time. Today's call is being recorded.

I would like to turn the call over to Ms. Suann Guthrie. Please go ahead.

Suann Guthrie

Thank you. Thank you for joining the Darling Ingredients First Quarter 2024 Earnings Call. Here with me today are Mr. Randall C. Stuewe, Chairman and Chief Executive Officer; Mr. Brad Phillips, Chief Financial Officer; Mr. Bob Day, Chief Strategy Officer; and Mr. Matt Jansen, Chief Operating Officer of North America.

Our first quarter 2024 earnings news release and slide presentation are available on the Investor page under Events and Presentations tab on our corporate website and will be joined by a transcript of this call once it is available.

During this call, we will be making forward-looking statements, which are predictions, projections and other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could materially differ because of factors discussed in yesterday's press release and the comments made during this conference call and the risk factors section of our Form 10-K, 10-Q and other reported filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements.

Now, I will hand the call over to Randy.

Randall Stuewe

Thanks Suann. Good morning, everyone. Thanks for joining us for our first quarter 2024 earnings call. As I mentioned to you during our last earnings call in February, the global ingredients markets are facing challenges due to replenish global oilseed and grain stocks, slower global consumer demand for premium ingredients and most importantly delayed or canceled renewable diesel start-ups....

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