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IRVING, Texas - Darling Ingredients Inc. (NYSE: NYSE:DAR), a $6.29 billion market cap company, has appointed Soren Schroder as an independent director to its board, the company confirmed today. Schroder will also serve on the board’s compensation and audit committees. According to InvestingPro data, the company currently trades at a relatively high EBIT multiple, suggesting investors are pricing in future growth expectations.
The addition of Schroder, the former CEO of Bunge (NYSE:BG) Global SA, brings a wealth of experience in operations, strategic leadership, financial management, and corporate governance to the Darling Ingredients board. Randall C. Stuewe, Chairman and CEO of Darling Ingredients, expressed confidence that Schroder’s expertise will help the company to effectively navigate market challenges and pursue strategic growth. Analysts share this optimistic outlook, with InvestingPro data showing a consensus recommendation of "Strong Buy" and a price target suggesting significant upside potential.
Schroder’s career includes significant leadership positions within the agribusiness sector. Before his tenure at Bunge Global SA, where he served as CEO from 2013 to 2019 and as CEO of Bunge North America prior to that, Schroder worked at Continental Grain Company and Cargill, Incorporated, amassing over 15 years of experience in the industry.
Darling Ingredients is known for its role in promoting circularity by transforming by-products from animal agriculture and the food industry into valuable resources. The company operates more than 260 facilities across over 15 countries, processing a significant portion of the world’s animal agricultural by-products. It also holds a substantial market share in the production of collagen and is recognized as one of the leading producers of renewable energy.
This strategic board appointment is expected to further strengthen the company’s leadership as it continues to expand its global operations. With annual revenue of $5.72 billion and a healthy profit margin of 22.36%, the company maintains a solid financial foundation for growth. The information regarding Schroder’s appointment is based on a press release statement issued by Darling Ingredients. For deeper insights into DAR’s financial health and growth prospects, including exclusive ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Darling Ingredients reported fourth quarter earnings that fell short of analyst expectations, with adjusted earnings per share at $0.63, slightly below the consensus of $0.64. Revenue for the quarter was $1.42 billion, missing the estimated $1.51 billion and down from $1.61 billion in the same period last year. Despite the revenue miss, the company saw net income rise to $101.9 million from $84.5 million a year earlier, and investors responded positively, focusing on the company’s profitability and future outlook. For the full year 2024, Darling reported net sales of $5.7 billion, a decrease from $6.8 billion in 2023, with net income at $278.9 million or $1.73 per diluted share. The company provided 2025 guidance for combined adjusted EBITDA between $1.25 billion and $1.30 billion, expressing confidence in a stronger year ahead. In analyst updates, Raymond (NSE:RYMD) James maintained a Strong Buy rating on Darling Ingredients, emphasizing the company’s strategic advantage in the renewable diesel and sustainable aviation fuel markets through its Diamond Green Diesel joint venture. Analyst Justin Jenkins highlighted the resilience of Darling’s legacy business segments and their potential to support long-term growth. Additionally, Texas Capital Securities viewed Darling’s recent earnings release positively, noting margin improvements and successful sustainable aviation fuel production startup.
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