Darling Ingredients Inc. (NYSE:DAR) Q4 2023 Earnings Conference Call February 28, 2024 9:00 AM ET

Corporate Participants

Suann Guthrie - SVP, Investor Relations, Sustainability & Communications

Randy Stuewe - Chairman & Chief Executive Officer

Brad Phillips - Executive Vice President & Chief Financial Officer

Bob Day - Executive Vice President-Strategy

Matt Jansen - Chief Operating Officer-North America

Conference Call Participants

Tom Palmer - Citi

Derrick Whitfield - Stifel

Andrew Strelzik - BMO

Adam Samuelson - Goldman Sachs

Ben Kallo - Baird

Ben Bienvenu - Stephens

Jason Gabelman - Cowen

Dushyant Ailani - Jefferies

Matthew Blair - Tudor, Pickering, Holt

Operator

Good morning, and welcome to the Darling Ingredients Incorporated Conference Call to discuss the company's Fourth Quarter and Fiscal Year 2023 Results. [Operator Instructions] Today's call is being recorded.

I would like to turn the call over to Ms. Suann Guthrie. Please go ahead.

Suann Guthrie

Thank you. Thank you for joining the Darling Ingredients' fourth quarter and fiscal year 2023 Earnings Call. Here with me today are Mr. Randall C. Stuewe, Chairman and Chief Executive Officer, Mr. Brad Phillips, Chief Financial Officer, Mr. Bob Day, Chief Strategy Officer, and Mr. Matt Jansen, Chief Operating Officer of North America.

Our fourth quarter and fiscal year 2023 earnings news release and slide presentation are available on the Investor page under the Events and Presentations tab on our corporate website and will be joined by a transcript of this call once it is available. During this call, we will be making forward-looking statements, which are predictions, 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 can materially differ because factors discussed in yesterday's press release and the comments made during this conference call and in the Risk Factors section of our Form 10-K, 10-Q and other reported filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statement.

Now I will hand the call over to Randy.

Randy Stuewe

Okay. Thanks, Suann. Good morning, everyone. Thanks for joining our fourth quarter and fiscal year '23 earnings call.

In 2023, Darling Ingredients delivered its sixth consecutive record year in terms of combined adjusted EBITDA at $1.61 billion. The vertical platform we have built demonstrated its ability to perform solidly despite significant volatility in the global food, feed and fuel ingredient markets.