DARLING INTERNATIONAL INC. ANNOUNCES
RESULTS FOR FOURTH QUARTER AND FISCAL 2008


March 4, 2009 – IRVING, TEXAS  –
  Darling International Inc. (NYSE: DAR) today reported a fourth quarter net loss of <$13.9> million, or <$0.17> per share, and record net income of $54.6 million, or $0.66 per share, for its fiscal year ended January 3, 2009.  The net loss for the fourth quarter of fiscal 2008 included a non-cash pre-tax goodwill impairment charge of $15.9 million.  Excluding the goodwill impairment charge, the Company would have reported a net loss of <$3.7> million, or <$0.04> per share.  The impairment charge did not affect the Company’s cash position, cash flows from operating activities or availability and compliance under its credit facility.  Sales and results of operations for the fourth quarter and fiscal year as compared to the same periods of the prior year are as follows:

Fourth Quarter 2008
 
For the fourth quarter of 2008, the Company reported net sales of $148.5 million as compared to $175.4 million for the fourth quarter of 2007.  Lower finished product prices, reduced purchases of finished product for resale and decreased raw material volume accounted for the majority of the $26.9 million decrease.

For the fourth quarter of 2008, the Company reported a net loss of <$13.9> million, or <$0.17> per share, as compared to a net income of $14.4 million, or $0.18 per share, for the 2007 comparable period.  The $28.3 million decrease in net income for the fourth quarter resulted primarily from: (i) a $15.9 million goodwill impairment charge related to a single reporting unit; (ii) significantly lower prices for finished products; (iii) a $3.2 million charge related to a probable mass termination withdrawal liability arising from a multi-employer pension plan; (iv) decreases in both volume and yield of raw material; (v) market value write-down on product inventories and on customer non-performance of finished product sale contracts; and (vi) higher energy prices.

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The following information was filed by Darling Ingredients Inc. (DAR) on Wednesday, March 4, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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