Darling International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $445.4 million compared to $387.1 million a year ago. Operating income was $58.6 million compared to $52.5 million a year ago. Income from operations before income taxes was $52.8 million compared to $44.7 million a year ago. Net income was $32.4 million or $0.27 per basic and diluted share compared to $28.6 million or $0.24 per basic and diluted share a year ago. The $58.3 million increase in sales is primarily attributable to higher finished product selling prices for proteins and bakery finished products. Higher raw material volumes in both the Rendering and Bakery Segments contributed to the increase and helped to offset the decrease in fat prices year over year. The $3.8 million increase in net income for the first quarter resulted predominantly from higher finished product prices followed by higher raw material volumes in both Rendering and Bakery Segments. During the first quarter 2013, the company incurred capital expenditures of $26.4 million as compared to $24.7 million in the 2012 first quarter for a net increase of $1.7 million. Additionally, included in capital expenditures, cost associated with the implementation of new ERP system, which is expected to be phased in over the next 2 years.

Darling International Inc., Q1 2013 Earnings Call, May 10, 2013

Darling International Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 09, 2013