Darling Ingredients Inc. (NYSE:DAR) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET
Company Participants
Suann Guthrie - VP, IR, Sustainability and Global Communications
Randall Stuewe - Chairman and Chief Executive Officer
Brad Phillips - CFO
Sandra Dudley - EVP, Renewables and U.S. Specialty Operations
John Bullock - CSO
Conference Call Participants
Adam Samuelson - Goldman Sachs
Manav Gupta - Credit Suisse
Ben Bienvenue - Stephens
Tom Palmer - JPMorgan
Ben Kallo - Baird
Ken Zaslow - Bank of Montreal
Matthew Blair - TPH
Operator
Good morning and welcome to the Darling Ingredients Inc. Conference Call to discuss the company's Second Quarter 2022 results. After the speakers' prepared remarks, there will be a question-and-answer period, and instructions to ask a question will be given at that time. Today's call is being recorded.
I would now like to turn the call over to Ms. Suann Guthrie. Please go ahead.
Suann Guthrie
Thank you for joining the Darling Ingredients' second quarter 2022 earnings call. here with me today are Mr. Randall C. Stuewe, Chairman and Chief Executive Officer; Mr. Brad Phillips, Chief Financial Officer; Mr. John Bullock, Chief Strategy Officer; and then Sandra Dudley, Executive Vice President of Renewables and U.S. Specialty Operations.
There is a slide presentation available on the Investor's page under the Events and Presentations on our corporate website. During this call, we will be making forward-looking statements, which are projections or other statements about future events.
These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could materially differ because of factors discussed in today's press release and the comments made during this conference call and the risk factors section of our Form 10-K, 10-Q, and other reported filings within the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements.
Now, I will hand the call over to Randy.
Randall Stuewe
Hey, thanks Suann. Good morning everybody and thanks for joining us for our second quarter 2022 earnings call. Our 2022 second quarter financial results yielded another record quarter illustrating the tremendous growth and diversity of Darling Ingredients. This quarter's combined adjusted EBITDA of $402.6 million is nearly equivalent to our entire fiscal year combined adjusted EBITDA, just five short years ago in 2017.
As I reflect on where we've come as a company, I am tremendously proud of the work our teams across the world have done repurposing animal and food byproducts into specialty food and feed ingredients to support the growing population and converting waste fats and oils into low carbon fuel to power a growing world.