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Darling Ingredients Inc. (DAR) released Q2 results on August 5th for the quarter ending June 27th.  The company posted net income of $66.5 million on revenue of $848.7 million.  Corresponding figures for Q2 fiscal 2019 were, net income of $26.3 million on revenue of $827.3 million.  Diluted income per share increased from $0.16 in Q2 2019 to $0.39 in Q2 FY2019.  The Feed Ingredients segment (meat and Bone meal and animal fat) contributed $33.2 million on net sales of $503.7 million with a gross margin of 26.9 percent. 

Commenting on Q2 results, Randall C. Stuewe, chairman and CEO stated, "we had another solid quarter of execution from our employees worldwide who delivered a strong second quarter financial performance, generating $195 million of combined adjusted EBITDA".  He added "our core business navigated through a turbulent second quarter with our feed segment posting its best quarterly EBITDA of $85.2 million over the last three years.  We did benefit from over 40 million pounds of depopulated hog volume through our processing locations during the quarter". 

In July, Darling received an $80 million distribution from the joint venture Diamond Green Diesel operation with the proceeds used to pay down outstanding debt.