Darling International Incorporated
News and Blogs

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Darling International Announces Amendment of Its Credit Agreement to Increase Flexibility for Future Investments in Third Parties
www.prnewswire.com
Darling International Inc. Chairman and Chief Executive Officer Randall Stuewe said, "We are pleased to have received the amendment to our credit agreement, which increases our flexibility to pursue growth opportunities for the Company.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-09-2008/0004901528&EDATE=
San Francisco Announces 10 Million Gallon Biodiesel Plant!
www.inhabitat.com | Sep 9, 2008
A Green Design Blog, Sustainable Design Blog, Future-forward design for the world you inhabit - your daily source for innovations in sustainable architecture and green design for the home.
http://www.inhabitat.com/2008/09/09/san-francisco-announces-10-million-gallon-biodiesel-plant/
[$$] Indicators Suggest the Downside Move Isn't Over (at RealMoney by TheStreet.com)
www.thestreet.com | Aug 20, 2008
Indicators Suggest the Downside Move Isn't Over, The MACD and Arms Indices warn that the recent market drop may have a bit further to go.
Consider a Hedge for Wal-Mart Shares (at Barron's Online)
online.barrons.com | Aug 12, 2008
THE RECENT STRENGTH IN STOCK PRICES and the decline in oil prices is a sign of many things, but not a sign that all's well with John and Jane Consumer.
http://online.barrons.com/article/SB121849336063731387.html?mod=yahoobarrons&ru=yahoo
Web Sites

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Darling International Inc.
In business since 1882, Darling collects, transports, and transforms used cooking oil, trap waste, and animal by-products through our network of 44 facilities and 1,200 employees nationwide. Click on the 'About Darling' button to learn more.
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Darling International in Farm World -- Industry Directory
1000Bulbs.com Supports the Green Movement Farm World [ Add a Listing | Equipment Finder Service | Main Menu | | Industry Directory | Add Your Company ] Darling International in Farm World Fishing | Scrapbooking | Used Equipment | Equipment Leasing | Food | Forklifts | Spices | Veterinary | Travel
Darling International (MN) in Global Recycling Network -- Industry Directory
Global Recycling Network is an electronic information exchange that specializes in the trade of recyclables reclaimed in Municipal Solid Waste (MSW) streams, as well as the marketing of eco-friendly products.
News from Zibb.com
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Darling International Announces Amendment of Its Credit Agreement to Increase Flexibility for
IRVING, Texas, Oct 09, 2008 /PRNewswire-FirstCall via COMTEX/ --
Darling International Inc. (NYSE: DAR) today announced that it has entered into an amendment to its credit agreement that provides it with increased flexibility to make future investments in third parties provided that it is in compliance with certain standard terms and conditions contained in the credit agreement. Darling International Inc. Chairman and Chief Executive Officer Randall Stuewe said, "We are pleased to have received the amendment to our credit agreement, which increases our flexibility to pursue growth opportunities for the Company."
As of October 8, 2008, the Company was in compliance with all of the covenants contained in its credit agreement and there were no outstanding borrowings under the revolving credit facility provided for in the credit agreement. At June 28, 2008, the Company had $44.6 million of unrestricted cash and $41.25 million of long term debt outstanding.
Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States. The Company recycles used restaurant cooking oil and by-products from the beef, pork and poultry processing industries into useable products such as tallow, feed-grade fats, meat and bone meal, and hides. These products are primarily sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the Company provides grease trap collection services and sells equipment to restaurants. For additional information, visit the company's Web site at http://www.darlingii.com.
{This media release contains forward-looking statements regarding the business operations and prospects of Darling and industry factors affecting it. These statements are identified by words such as "may," "will," " begin," "look forward," "expect," "believe," "intend," "anticipate," "should", "estimate," "continue," "momentum" and other words referring to events to occur in the future. These statements reflect Darling's current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including business and economic conditions in its existing markets, a decline in consumer confidence, the general performance of the U.S. economy and global demands for grain and oilseed commodities and biofuels that could cause actual results to differ materially from those projected in the forward-looking statements. Other risks and uncertainties regarding Darling, its business and the industry in which it operates are referenced from time to time in the Company's filings with the Securities and Exchange Commission. Darling is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.}
Contact: John O. Muse
Executive Vice President of Finance and Administration,
or Brad Phillips, Treasurer
972-717-0300
SOURCE Darling International Inc.
http://www.darlingii.com
Tags: agricultural business ceo consumer confidence debt economy executive finance food grain media nyse oil poultry president products restaurants web
Companies: Darling International Inc. (DAR)
Darling International Inc (DAR) Corporate Event Announcement Notice - Zibb.com
Jul 29, 2008 (Wall Street Horizon via COMTEX) --
Darling International Inc (DAR)
Expected next earnings release: Announcement date: 8/7/2008 - After Market Earnings Quarter: Q2 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 8/8/2008 Conference Call Time: 10:00 AM Conference Call URL: http://www.vcall.com/CoLocated.asp?ID=132356&source=wshorizon&urlID=136483&playerID=1
Tags: conference corporate earnings market
Companies: Darling International Inc. (DAR)
Darling International Inc (DAR) Corporate Event Announcement Notice - Zibb.com
Sep 19, 2008 (Wall Street Horizon via COMTEX) --
Darling International Inc (DAR)
Expected next earnings release: Announcement date: 11/6/2008 - After Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: Darling International Inc. (DAR)
Darling International Inc. Announces Second Quarter 2008 Results - Zibb.com
IRVING, Texas, Aug 07, 2008 /PRNewswire-FirstCall via COMTEX/ --
Darling International Inc. (NYSE: DAR) today reported record second quarter net income of $24.1 million, or $0.29 per share and net income of $45.5 million, or $0.55 per share, for the six months ended June 28, 2008. Sales and results of operations for the second quarter and six months ended as compared to the same periods of the prior year are as follows:
For the second quarter of 2008, the Company reported net sales of $220.9 million as compared to $159.4 million for the second quarter of 2007. Higher finished product prices accounted for the majority of the $61.5 million increase.
Net income for the second quarter of 2008 increased to $24.1 million, or $0.29 per share, as compared to $9.5 million, or $0.12 per share, for the 2007 comparable period, for which the 2007 period included a $1.2 million charge related to a mass termination withdrawal liability arising from a multi-employer pension plan termination. The remaining $13.4 million increase in net income for the second quarter resulted primarily from higher finished product prices; which were partially offset by higher energy costs for natural gas and diesel fuel.
Darling International Inc. Chairman and Chief Executive Officer Randall Stuewe said, "We are very pleased with our second quarter results. Our team continues to execute and capitalize on volatile commodity input and finished product markets."
For the six months ended June 28, 2008, the Company reported net sales of $422.8 million as compared to $298.0 million for the 2007 comparable period. The $124.8 million increase in sales is primarily attributable to higher finished product prices.
For the six months ended June 28, 2008, the Company reported net income of $45.5 million, or $0.55 per share, as compared to $19.0 million, or $0.23 per share, for the 2007 comparable period. The $26.5 million increase in net income for the six months ended June 28, 2008 resulted primarily from higher finished product prices, which was partially impacted by: (i) an $8.4 million increase in energy costs related to natural gas and diesel fuel; (ii) a $1.2 million charge in the 2007 period related to a mass termination withdrawal liability arising from a multi-employer pension plan termination; and (iii) a $2.2 million gain included in the 2007 period on the closing of a transaction for the sale of a judgment against a service provider.
Darling International will host a conference call to discuss the Company's second quarter 2008 financial results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Friday, August 8, 2008. To listen to the conference call, participants calling from within North America should dial 888-211-4495; international participants should dial 913-312-0374. Please refer to access code 4464504. Please call approximately ten minutes before the start of the call to ensure that you are connected.
The call will also be available as a live audio web cast that can be accessed on the company website at http://www.darlingii.com/investors.aspx. Following its completion, a replay of the call can be accessed until August 14, 2008 by dialing 888-203-1112, or 719-457-0820 outside of North America. The access code for the replay is 4464504. The conference call will also be archived on the company's website.
Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States. The Company recycles used restaurant cooking oil and by-products from the beef, pork and poultry processing industries into useable products such as tallow, feed-grade fats, meat and bone meal, and hides. These products are primarily sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the Company provides grease trap collection services and sells equipment to restaurants.
For more information, please visit http://www.darlingii.com.
{This media release contains forward-looking statements regarding the business operations and prospects of Darling and industry factors affecting it. These statements are identified by words such as "may," "will," "begin," "look forward," "expect," "believe," "intend," "anticipate," "should," "estimate," "continue," "momentum" and other words referring to events to occur in the future. These statements reflect Darling's current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including business and economic conditions in its existing markets, a decline in consumer confidence, the general performance of the U.S. economy and global demands for grain and oilseed commodities and biofuels that could cause actual results to differ materially from those projected in the forward-looking statements. Other risks and uncertainties regarding Darling, its business and the industry in which it operates are referenced from time to time in the Company's filings with the Securities and Exchange Commission. Darling is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.}
Darling International Inc.
Consolidated Operating Results
For the Periods Ended June 28, 2008 and June 30, 2007
(Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
$ $
Change Change
Favor- Favor-
June June able/ June June able/
28, 30, (Unfavor- 28, 30, (Unfavor-
2008 2007 able) 2008 2007 able)
Net sales $220,858 $159,425 $61,433 $422,814 $298,037 $124,777
Costs and
expenses:
Cost of sales
and
operating
expenses 161,298 121,925 (39,373) 307,594 225,169 (82,425)
Selling,
general and
administrative
expenses 13,980 14,295 315 28,681 26,876 (1,805)
Depreciation
and
amortization 5,845 5,795 (50) 11,637 11,539 (98)
Total costs and
expenses 181,123 142,015 (39,108) 347,912 263,584 (84,328)
Operating income 39,735 17,410 22,325 74,902 34,453 40,449
Other
income/(expense):
Interest
expense (775) (1,326) 551 (1,620) (2,959) 1,339
Other, net 133 (102) 235 300 (531) 831
Total other
income/(expense) (642) (1,428) 786 (1,320) (3,490) 2,170
Income from
operations
before income
taxes 39,093 15,982 23,111 73,582 30,963 42,619
Income taxes (15,014) (6,500) (8,514) (28,042) (11,901) (16,141)
Net income $24,079 $9,482 $14,597 $45,540 $19,062 $26,478
Basic income per $0.30 $0.12 $0.18 $0.56 $0.24 $0.32
share
Diluted income per
share $0.29 $0.12 $0.17 $0.55 $0.23 $0.32
FOR MORE INFORMATION CONTACT:
John O. Muse, Executive Vice President of
Finance and Administration, or
Brad Phillips, Treasurer
Phone: 972-717-0300
SOURCE Darling International Inc.
http://www.darlingii.com
Tags: agricultural business ceo commodity conference consumer confidence economy energy executive finance financial results food grain media natural gas north america nyse oil poultry president products restaurants sales taxes web
Companies: Darling International Inc. (DAR)
News from Zibb.com
- Darling International Announces Amendment of Its Credit Agreement to Increase Flexibility for
- Darling International Inc (DAR) Corporate Event Announcement Notice - Zibb.com
- Darling International Inc (DAR) Corporate Event Announcement Notice - Zibb.com
- Darling International Inc. Announces Second Quarter 2008 Results - Zibb.com
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