Darling Ingredients fourth quarter results up 211 percent

• 

  freeimages.com

  Darling Ingredients Inc. has reported a fourth quarter 2014 net income of $69.9 million, up 211 percent.

  From WATTAgNet:
  Darling Ingredients Inc. has reported a fourth quarter 2014 net income of $69.9 million, up 211 percent from $22.5 million in the fourth quarter of 2013.
  Net sales for the fourth quarter of 2014 increased to $1 billion, compared with $447.9 million in the same period of 2013, attributable to newly acquired operations in first quarter of 2014. Operating income in the fourth quarter of 2014 was $39.7 million, compared with $18.5 million for the same period of 2013.
  "Our business continued to experience headwinds in fourth quarter 2014 from globally lower prices for our finished products and a stronger U.S. dollar,” said Randall Stuewe, chairman and CEO.
  "In 2014, we aggressively stepped onto the world stage and launched our new global platform," Stuewe said. "It has been a challenging year in light of the global deflationary pressures we faced, but we successfully executed a significant international integration and are patiently building our platform as the world's leader in creating sustainable food, feed and fuel ingredients for a growing population."
  Also, in recent weeks, Darling announced the appointment of Justinus J.G.M. Sanders to its board of directors. Sanders joined the board as an independent director. Sanders’ appointment will expand the total number of directors to nine. The board of directors has not yet determined the committees of the board to which Sanders will be appointed, if any.