VLO - Darling Ingredients: Tough But Interesting Times
2024-03-11 04:25:27 ET
Summary
- Darling Ingredients has seen strong operating momentum in recent years, supported by transformative acquisitions.
- The shortfall in earnings is mainly due to the Diamond Green Diesel joint venture, as concerns about leverage have risen.
- Despite higher leverage, I still think that the long-term bull case prevails, provided that focus remains on execution and deleveraging.
In September, I concluded that a darling has fallen out of favor in the case of Darling Ingredients ( DAR ) as the business has seen very strong operating momentum in recent years, supported by some transformative acquisitions....
Darling Ingredients: Tough, But Interesting Times