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Darling Ingredients Says Tariffs Pose Minimal Impact To Business

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Darling Ingredients Inc. (DAR), Monday in a press release stated that recent tariff developments are not expected to materially affect its operations.

The company emphasized its global scale and flexibility, with 260 facilities across five continents and a highly integrated supply chain that allows it to adapt swiftly to changing market conditions.

Most of Darling's U.S.-produced ingredients are used domestically, limiting the company's exposure to export-related tariffs, including those involving China. Management noted that the current trade situation is comparable to past periods of commodity-driven market volatility, which the company has successfully navigated.

Darling reaffirmed its ability to maintain margins through strategic adjustments and expects global trade flows to normalize over time. With a strong international presence, the company remains confident in its ability to continue delivering value to customers and stakeholders despite evolving trade policies.

DAR is currently trading at $28.53, down $0.68 or 2.34 percent on the New York Stock Exchange.

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