Darling Ingredients reported Q2 GAAP EPS of $2.41, exceeding expectations as revenue rose 14.9% year-over-year to $1.7B.
Darling Ingredients posted Q2 GAAP earnings per share of $2.41, surpassing estimates by $1.04. The beat was driven by stronger-than-expected margins despite a revenue miss of $20M.
Revenue for the quarter reached $1.7 billion, a 14.9% increase from the same period last year, though it fell short of consensus by $20 million. Diamond Green Diesel sold 348.8 million gallons of renewable fuels during the period.
The company did not disclose immediate market reactions in the release.