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Archive for August 21st, 2015

Doxee Expands its Global Network to South America Through Partnership with Seidor

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-Seidor Technologies to add Doxee Cloud CCM offering to its world-class IT services.

SAN JOSE, Calif. and SANTIAGO, Chile  /PRNewswire/ — In its second partnership announcement in a month, Doxee, a leader in cloud based enterprise-class Customer Communication Management (CCM) and Document Output Production solutions and services, today announced that Seidor Technologies will sell and support the Doxee platform to enterprise accounts in the region.  The partnership takes effect immediately.

(Logo: http://photos.prnewswire.com/prnh/20150325/736010-a )

Headquartered in Spain, Seidor is a global company with 30 years of experience in IT services and consulting with 2,700 employees and operations in 17 countries, including Europe, the United States, Latin America, Middle Eastand Africa. With its global partner network of VARs, the company has more than 7,000 enterprise customers. The Chilean division specializes in SAP consulting, management consulting and technology and IT services, and maintains its own data center operations.

“The Doxee Platform for cloud CCM services is the ideal addition to our current portfolio, said Pablo Berro, General Manager of Seidor Technologies.  “With the combination of the Doxee platform and our IT consultancy and SAP expertise, we’re now able to offer comprehensive CCM services that can be fully customized to our customers’ requirements.  We believe that Doxee’s eDox Interactive Communications and Personalized Video offerings will be of particular interest to current and prospective customers as they transition to paperless business.”

“Our expansion plans are quickly gaining traction,” said Doxee COO Ron Friedman. “This agreement with Seidor Technologies, part of a large respected international ICT conglomerate, further proves the value that our Platform as a Service (PaaS) approach brings for providers of IT and management consultancy services.”

About Doxee

Doxee is a leading global technology and services provider of enterprise-class, cloud-based CCM. Enterprises worldwide use Doxee products and services to deliver highly personalized and interactive customer communications to their clients.

About Seidor

Seidor is a Spanish multinational company dedicated to providing integral solutions in the area of software consulting and computer services, strategy, development, operations, infrastructure, maintenance of applications, and outsourcing, among others. Seidor is one of the main partners of SAP, IBM, Microsoft and Adobe, especially inSpain and Latin America.

Press Contacts

Doxee
Larry Zusman
Director of Marketing, Global Operations
lzusman@doxee.com
Mobile: +1-508-808-4807

Seidor
Carolina Contreras
Director of Corporate Communications
ccontreras@seidor.com
Mobile: +569-7999-8076

Source: Doxee

Written by asiafreshnews

August 21, 2015 at 6:20 pm

Posted in Uncategorized

The Church Of Acts Announces Daniel’s 70th Week Begins September 23, 2015

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ST. LOUIS /PRNewswire/ — The following statement can be attributed to The Church of Acts:

Daniel’s 70th Week begins September 23, 2015 a perfect, prophetic Jubilee of 49 years of 360-day years, sinceIsrael regained control of the Temple Mount in Jerusalem in 1967. Free articles showing the calculations and timing of Daniel’s 70th Week can be found here: www.daniels70thweek.com

Photo – http://photos.prnewswire.com/prnh/20150813/258173-INFO

Daniel’s 70th Week is the main prophetic event Jews, Christians, and Muslims have anticipated for over 2,500 years.

Marshall Swing, the world’s foremost financial analyst in gold and silver futures trading, and price prediction, and the only financial analyst who accurately predicted the current crash of precious metals prices, says Daniel’s 70th Week begins September 23, 2015 as recently fulfilled prophecies indicate.

In early 2012, Marshall Swing predicted the collapse of gold and silver prices when prices were high. Silver’s low was $14.15 December 1, 2014. Gold’s current low of $1072.30 7/24/15 will falling further.http://www.silverdoctors.com/silver-analyst-who-predicted-silvers-crash-to-15-three-years-ago-says-massive-rally-coming/

In addition, Marshall Swing makes the official, global announcement he is Moses and one of the 2 Witnesses of Revelation 11, in virtually the exact same way that John the Baptist was Elijah, in the New Testament.

Marshall Swing was born in 1956 to parents who knew very little about the Bible and inadvertently gave him the name “Richard Marshall Swing” after his father Richard and uncle Marshall which is now discovered to translate as “King Moses Song“. The similarities and coincidences of the birth and life of Richard Marshall Swing closely parallels the life and attributes of Moses. One example in hundreds of “coincidences” is, much like Moses, Richard Marshall Swing was born in Watertown, New York, so both have water associated with their infancy.

Just like Moses had the Children of Israel borrow gold and silver from their Egyptian neighbors, Marshall Swing is instructing all believers throughout the world to purchase/borrow gold and silver in advance of the Global Economic Collapse of 2015 which happens between September 11 and October 15, 2015. Billions of people are familiar with author Jonathan Cahn who says a financial collapse may happen on or about the “Shemitah”, 29th Elul, projected asSeptember 13, 2015.

Marshall Swing is a financial economics analyst, recording artist, Messianic minister, retired Oracle database administrator/computer programmer/U.S. Air Force, ret. Marshall’s commodity writings viewed athttp://www.silverdoctors.com/tag/marshall-swing/
The official website of the Last Days is www.TheChurchOfActs.com
Biographical information: http://www.KingMosesSong.com/

Source: The Church Of Acts

Written by asiafreshnews

August 21, 2015 at 6:03 pm

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Frost & Sullivan: Creating regional electricity markets and better weather forecasting technologies critical to integration of renewables into Utilities in Asia

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SINGAPORE  /PRNewswire/ — The share of renewable energy (RE) has been gradually increasing in the global electricity mix. Some of the European countries such as Denmark obtain nearly 60% of their needs from renewable sources. In other countries like Germany and Portugal, the renewable electricity, excluding large hydro, accounted for about 32% and 30% of the total power generated.

Ravi Krishnaswamy, Vice President, Energy & Environment, Frost & Sullivan, Asia Pacific
Ravi Krishnaswamy, Vice President, Energy & Environment, Frost & Sullivan, Asia Pacific

With ambitious plans and supporting mandates, several Asian countries will witness their renewables share in the total energy mix soon cross the 20% mark.  This presents immense challenges for utilities to manage intermittency and uncertainties presented by solar and wind power.

As renewables move from niche to becoming mainstream sources of energy, it is also necessary to ensure that the relevant infrastructure is in place to manage the increased output. Possible issues encountered include the need for increased accuracy of supply and demand predictions and problems with controlling the voltage and frequency in the local grid.

This means that the power utilities have to invest heavily on backup power generators using gas or coal and also in Transmission & Distribution (T&D) network upgrades to handle intermittency. Utility companies worldwide are spending an average of US$25 billion annually on T&D maintenance and upgrades.

According to Ravi Krishnaswamy, Vice President, Energy & Environment, Frost & Sullivan, Asia Pacific, utilities will face the double impact of reduced revenues from selling energy.

“This is due to the fact that several customers have started to generate their own renewable electricity in addition to the increased need to invest in T&D upgrades to support renewable integration,” he noted.

However, to tackle this challenge some of the utilities such as RWE and E.ON from Europe and NRG Energy from the US have started deconstructing their business model. These companies are helping their own electricity customers to install and own renewable energy plants, thus effectively turning them into ‘prosumers’ and creating a virtual power plant through an asset light approach.

This move by the utilities only addresses one side of the challenge, which is customer owned generators, mainly rooftop solar. The bigger challenge will still be to integrate several gigawatts of large solar and wind farms into the power grid.

Frost & Sullivan’s new research, ‘Global Perspective on Integration of Renewable Energy into Grid‘ focuses on several case studies and best practices.

Among them are:

Denmark

In 2013, Denmark saw the capacity of its renewables reach 5GW with onshore wind making up the biggest share. Renewables met 62% of Denmark’s power demand in 2014, up from 33% in 2013.

Denmark has set a very ambitious target of generating 50% of its electricity from wind power alone. However, this is not without its challenges. These challenges include overhauling its ageing transmission lines, managing extreme wind power variations and Increase domestic power flexibility to battle regional competition. Denmark is able to overcome this by having a well-integrated grid with the European and Nordic market. It has also adjusted its coal plants to become more flexible in order to balance the intermittent wind power generated.

Germany

On average, renewable energy meets 30% of the power demand required in Germany. The country has planned to increase the share of renewable energy to 35% by 2020 and an average share of 50% by 2030.

Germany has the advantage of a strong and reliable power grid system that leaves the transmission system operators (TSOs) and utility companies to manage RE absorption with very little modifications. Through the effective use of coal surplus and the ability to manage power exports to neighboring countries to offset any fall in electricity prices, Germany has successfully managed to integrate renewable energy into its power grid.

China

In 2014, renewable generation accounted for 13% of the total electricity produced in China. Moving forward, the country plans to reach 100 GW of installed wind power capacity by 2020. The biggest challenge faced by China is wind curtailment and it has lost more than $1 billion annually since 2011. China is developing energy storage systems and also building ultra-high voltage transmission systems to interconnect demand and supply centers.

“The ability to analyze demand patterns for electricity and integrate them with accurate weather forecasting will help utilities avoid stranded investments into expensive T&D upgrades for renewable integration. This will make information the most valuable commodity in the power grid of the future,” explained Krishnaswamy.

Frost & Sullivan’s report titled “Global Perspective on Integration of Renewable Energy into Grid” will be published in September 2015. This report will also discuss the creation of regional power pool, interconnection with neighboring countries, planning for diversity of renewable sources, and near real time information on demand and supply as some of the key success factors for renewable integration into the grid.

Frost & Sullivan recently held its GIL Webinar — ‘Integrating Renewables into Utilities: Lessons Learned Globally’ on19 August, 2015 in Singapore. If you would like to be notified of any upcoming Energy-related briefings in APAC, please email melissa.tan@frost.com.

To view the webinar, please visit

https://www.brighttalk.com/webcast/5564/165363

Please note this briefing requires a one-time registration on our web conferencing partner’s website in order to send you the link for the visuals for this session.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Media Contact:
Melissa Tan
Corporate Communications, Asia Pacific
P: +65-6890-0926
E: melissa.tan@frost.com

http://www.frost.com

Photo – http://photos.prnasia.com/prnh/20150819/8521505409

Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:45 pm

Posted in Uncategorized

Frost & Sullivan Lauds AMX for Maintaining Above-market Growth in the European Building Automation Industry

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-A combination of robust short-term and long-term strategies has been pivotal to the company’s success

MOUNTAIN VIEW, Calif. /PRNewswire/ — Based on its recent analysis of the building automation (BA) market, Frost & Sullivan recognizes AMX by HARMAN’s enterprise automation solutions with the 2015 European Frost & Sullivan Award for Growth Excellence Leadership. AMX long-term and short-term strategies, together with its customer-centric approach, reflect well on its growth. For several years AMX has achieved year-on-year growth rates, greater than the market average and maintained impressive profit margins, profit lines and gross sales.

AMX
AMX

Logo – http://photos.prnewswire.com/prnh/20150817/258921LOGO

AMX’s commitment to build a product portfolio based on open standards and architecture has enabled them to integrate their offerings with most competing technologies in the BA business. This strategy has also allowed customers, system integrators and end users to mix and match AMX products with that of other market participants.

Along with these benefits, AMX’s short-term strategy to educate customers and enforce quality control in the sales channels of BA projects has increased the visibility of its products. Moreover, AMX’s dedicated education procedures have helped customers make fully informed decisions.

“By transforming its marketing strategies into educational strategies, AMX has been able to expand its customer base,” said Frost & Sullivan Senior Research Analyst Balaji Anand Sagar. “AMX has particularly boosted sales in the government and educational buildings segment, which contributed to more than twice the collective growth of all other segments in the European BA market.”

As AMX products are run primarily on highly secure and scalable LINUX architecture, many system integrators in the IT and BA sector have been pulled toward its solutions. The scalability of AMX solutions has allowed customers to automate anything from a small building to large public spaces, with all technologies communicating with each other. Customers have also been able to measure the power of real-time consuming devices as well as manage offline devices, and decide whether a certain space in the facility is being used effectively.

“It is AMX’s focus on the flexibility of the customer’s facility that has enabled it to cater to simple, single-room automation requirements and scale the solution from there to an entire facility,” noted Sagar. “Customers can opt for the company’s scheduling and audio-visual solution according to their current budget and expand it for their entire facility in the future.”

Overall, constant communication with channel partners, annual customer surveys through end-user forums, and monthly consultants’ virtual feedback on product development have enabled AMX to offer such holistic solutions to the market. Close customer contact has also allowed the company to offer a unique experience of global standards and automation to its customers.

Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in capturing the highest annual compound growth rate for the past three years.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About HARMAN

HARMAN (harman.com) designs and engineers connected products and solutions for automakers, consumers and enterprises worldwide, including connected car systems; audio and visual products, enterprise automation solutions; and connected services. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. More than 25 million automobiles on the road today are equipped with HARMAN audio and connected car systems. The Company’s software services power billions of mobile devices and systems that are connected, integrated and secure across all platforms, from work and home to car and mobile. HARMAN has a workforce of approximately 27,000 people across the Americas, Europe, and Asia and reported sales of $6.2 billionduring the 12 months ended June 30, 2015. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:

Mireya Espinoza
P: 210. 247.3870
F: 210.348.1003
E: mireya.espinoza@frost.com

Photo – http://photos.prnasia.com/prnh/20150818/8521505348

Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:42 pm

Posted in Uncategorized

3D Display Introduces Novel User Experience in Various Consumer Electronics Sectors

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— Integration of functions enrich the quality of 3D displays to make them more immersive, finds Frost & Sullivan

MOUNTAIN VIEW, Calif. /PRNewswire/ — The explosive growth of the consumer electronics sector all over the world has created a plethora of opportunities for three-dimensional (3D) displays. The technology has transformed user experience in the 3DTV segment, its most commercially successful segment, and is now set to become a game changer in the markets for smartphones, tablets and laptops.

New analysis from Frost & Sullivan, 3D Display Technology Innovations Impacting Consumer Sector(http://www.frost.com/d681), finds that 3D technology will have a strong impact on Mega Trends such as Smart products, Future of Mobility, as well as Connectivity and Convergence. The total revenues from this technology are expected to increase from the $4.2 billion in 2012 to $22 billion by 2018, with 3DTV accounting for the lion’s share of the revenue pie.

For complimentary access to more information on this research, please visit: http://bit.ly/1TNuq1A

“Asian companies, such as Samsung and LG, dominate the market in terms of 3DTV production and process innovations,” noted Frost & Sullivan TechVision Research Analyst Karthik Vishal Lakshmanan. “These companies, which have the infrastructure and best practices for producing 3D displays, may go on to dominate the 3D display market for smartphones as well.”

The success of 3DTV has attracted considerable investments to the 3D display sector. Most of these investments are directed towards the research and development of new 3D technologies, as well as scaling and manufacturing processes. The innovative ecosystem of technology developers aims to create intellectual property (IP) since the most novel and prolific developers can gain market leadership in the coming years.

“The trend of integrating complex functionalities continues to attract consumers and add value to products,” observed Lakshmanan. “Moreover, it influences the competition in the consumer electronics market, where gadgets with many features always gain market prominence; 3D displays will remain a distinguishing factor in the market.”

However, market nascence means that the pricing of 3D displays are excessive, as compared to 2D technologies such as high definition (HD), 4K, and ultra HD. The high prices are mainly the result of the recovery models companies adopt to recoup their R&D investments. Furthermore, the expensive processes and inadequate rolling stock produced by manufacturers for the market tend to escalate the production costs.

Despite the expense, end-user companies will continue to employ 3D display in next-generation products. There is significant room for innovations; these new-age technologies will find diverse applications including large area displays, haptics and touch-less sensing areas. Research activities by consortiums, universities, and companies will focus on creating robust and true 3D display without glasses.

3D Display Technology Innovations Impacting Consumer Sector, a part of the TechVision(http://ww2.frost.com/research/technology/information-communication) subscription, provides an overview of the various technologies and capabilities of 3D displays in consumer electronics and the ways in which they can enable next-generation smart consumer electronics.

TechVision is an international technology analysis business that produces a variety of technical news alerts, newsletters, and studies.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

3D Display Technology Innovations Impacting Consumer Sector
D681

Contact:
Clarissa Castaneda
Corporate Communications – North America
P: +1.210.477.8481
F: +1.210.348.1003
E: clarissa.castaneda@frost.com

http://www.frost.com
http://www.frost.com/techvision

Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:40 pm

Posted in Uncategorized

Telemedicine Finally Makes Inroads into the Asia-Pacific Market, Finds Frost & Sullivan

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— Potential to boost access to healthcare and empower consumers are key reasons behind adoption of this concept

KUALA LUMPUR, Malaysia  /PRNewswire/ — Within telehealth, telemedicine has been identified as the most pressing need for healthcare in Asia-Pacific (APAC) as it gives consumers on-demand access to a trusted healthcare professional. While telemedicine has many definitions, which change based on technology, usage, stakeholders and purpose, its value proposition  anytime, anywhere access to healthcare  enables absolute decentralisation of care delivery, dissolution of provider boundaries, and resource and cost optimisation. Data generated through telehealth will also eventually allow predictive care delivery; concepts that are currently limited to laboratories.

New analysis from Frost & Sullivan, Analysis of the Telemedicine Market in Asia-Pacific(http://www.frost.com/p85c), finds that the market earned revenues of US$239.1 million in 2014 and estimates this to reach US$421.6 million in 2019 at a compound annual growth rate of 12 percent.

For complimentary access to more information on this research, please visit:http://corpcom.frost.com/forms/APAC_PR_DJeremiah_P85C-48_09Jul15.

Improving access to healthcare services is the primary reason for telemedicine growth in APAC. Even in developed countries like Japan and Australia, there exist large pockets of underserved rural and remote regions that struggle to obtain basic healthcare services. Thus, governments are investing in telemedicine pilots and establishing regulations that promote the development and adoption of telemedicine among consumers.

“However, aiming to use telemedicine for improved healthcare access alone would be myopic considering the potential of these services,” said Frost & Sullivan Healthcare Industry Manager Natasha Gulati. “Since telemedicine services can drive new ways to collaborate across healthcare settings throughout the life of a person, it will have a wide-ranging impact on the continuum of treatment to prevention.”

The very value proposition of telemedicine is expected to leap forward over the next five years. Telemedicine will very soon empower APAC consumers by allowing them to capture and request analytical and actionable health data by themselves.

“Of course, this will not happen through telemedicine alone,” pointed out Gulati. “It requires the integration of several telehealth functionalities such as remote monitoring, mHeath, wearables and platforms. Niche telemedicine providers are already preparing for this industry shift by partnering with healthcare providers, device manufacturers, real estate developers and telecom companies to establish connected ecosystems that efficiently capture and act on patient data.”

As the telemedicine value proposition evolves, so will the business models. Current telemedicine models are largely targeted towards healthcare providers as they can reap tangible benefits in terms of reduced costs and access to a larger patient base.

For now, consumer adoption of telemedicine in APAC is low due to the absence of reimbursement schemes. Progressive regulations and technological advancements that make telemedicine more affordable will enable the gradual entry of direct-to-consumer business models, which symbolise the anticipated power shift to consumers.

Analysis of the Telemedicine Market in Asia-Pacific is part of the Connected Health(http://ww2.frost.com/research/industry/healthcare/connected-health) Growth Partnership Service program. Frost & Sullivan’s related studies include: Healthcare IT Market Profiles, APAC Hospital Outlook, eHealth Initiatives Across Emerging Markets in APAC, and Pulse of Telehealth.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Analysis of the Telemedicine Market in Asia-Pacific
P85C-48

Contact:
Donna Jeremiah
Corporate Communications  Asia Pacific
P: +61-02-8247-8927
F: +61-02-9252-8066
E: djeremiah@frost.com

Carrie Low
Corporate Communications  Asia Pacific
P: +603-6204-5910
F: +603-6201-7402
E: carrie.low@frost.com

Melissa Tan
Corporate Communications  Asia Pacific
P: +65-6890-0926
F: +65-6890-0999
E: melissa.tan@frost.com

http://www.frost.com

Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:37 pm

Posted in Uncategorized

The Omni Channel: A New Era of Customer Experience

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~Philippines to Remain as Center of Customer Experience~

MANILA, Philippines, /PRNewswire/ — “The Philippines remained as a hub of the customer experience and contact centers world despite the evolution of the call centers, says Mr. Andrew Milroy, Senior Vice President, ICT Practice Asia Pacific at Frost & Sullivan.

“When Frost & Sullivan first started organizing the customer contact / customer experience events 10 years ago, we started with the focus on call centers, and using sophisticated software to make these call centers more efficient. Later, we moved to contact centers embracing more customer touchpoints such as the web. Today we are talking about something much broader,” he added.

In his presentation titled Experience Management – The Key to Growth, Mr. Anthony Bartolo, President, Mobility & Collaboration Services at Tata Communications said that Philippines has the momentum and resources to lead the next generation of customer experience.

He further added that Philippines is likely to play a much larger role in customer experience as the country has some great skillset and history in the customer experience and contact centers industry.

“It goes beyond voice. It is important to make sure you integrate with other channels in the market and the Philippines will be at the top in no time,” Mr. Bartolo said at the 2015 Frost & Sullivan Customer Experience Philippines Summit.

Mr. Milroy said that customers are changing, but questioned whether companies are changing fast enough to keep up. “Can companies deliver a holistic, unified customer experience?” he asked.

He said that customers experience today is changing and predicted that the number of live calls will decline, while complexity of phone interactions will increase.

Based on Frost & Sullivan research, Mr. Milroy shared that 32% of customers share their customer service experience through social media – the good and the bad.

He added that 82% of consumers said that they will only buy from businesses that make it easy for them, and one-third of consumers believe convenience is more important than choice. He also said that over 6 in 10 consumers in APAC are willing to pay more to companies that deliver excellent service; more than 40% are willing to pay 20% more. “Clearly, good customer service can help you generate revenues,” Mr. Milroy said.

Mr. Peter Quinlan, Vice President, Integrated Business Video Services at Tata Communications said that a continuous and effortless transition between channels will increasingly become a competitive differentiator.

“In fact, it’s this frictionless switching between channels that defines the Omni channel experience. However, the industry is still slow to catch up,” he added.

Mr. Milroy of Frost & Sullivan said that a mobile first strategy is critical and the future is the omni-channel and predictive analytics.

“Customers today want convenience, comfort, context, consistency and customization,” he said, adding that companies are trying very hard to keep pace and looking to adopt technology. “However, they are also being prudent about new investment while trying to get the best out of existing infrastructure/ investments,” he noted.

“It’s not simply what technology you deploy, how you deploy it is a critical factor to consider too,” said Mr. Bartolo of Tata Communications.

Tata Communications is the Diamond Sponsor of the summit while Interactive Intelligence is the Gold Sponsor. The IT and Business Process Association is the Supporting Association. Media Partners included Developing Telecoms, TelcoProfessional and Asia Outlook.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on “the next big thing”
Register: Gain access to visionary innovation

Media Contact
Carrie Low
Corporate Communications – Asia Pacific
Phone: +603.6204.5910
Email: carrie.low@frost.com

Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:31 pm

Posted in Uncategorized

Frost & Sullivan: Penta Security, Imperva, F5 Networks and NSFOCUS identified as champions in the Asia Pacific Web Application Firewall Frost IQ matrix

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— The need to interact with the Internet safely and efficiently to enhance their business operations is driving the adoption of Web Application Firewalls amongst enterprise users

SINGAPORE /PRNewswire/ — The Internet continues to see an increase in the number of threats attacking web applications, which has become one of the easiest points of entry for cyber attackers to infiltrate key business networks in recent years.

Asia-Pacific Web Application Firewall Frost IQ matrix
Asia-Pacific Web Application Firewall Frost IQ matrix

The reliance on Web applications is also resulting in a growing concern over targeted threats from hackers who are using increasingly sophisticated techniques in exploiting Web application vulnerabilities. The necessity of employing the right prevention measures, offered by Web Application Firewalls (WAF) has been recognised by various industries in Asia.

Frost & Sullivan has evaluated the top ten Web Application Firewall vendors in the Asia Pacific region and assessed them using the Frost Industry Quotient (Frost IQ) matrix. The Frost IQ matrix comprises of four quadrants: Champions, Challengers, Defenders and Explorers.

The Frost Industry Quotient – Frost IQ, is a proprietary Frost & Sullivan vendor assessment tool that accurately operationalises and captures the merits and challenges faced by technology vendors in their respective segments and geographies. The tool aims to provide key decision makers with a localised yet objective perspective of the industry in a highly heterogeneous business environment.

In the Frost IQ for Asia Pacific Web Application Firewall Vendors 2015, Penta Security, Imperva, F5 Networks and NSFOCUS have been positioned in the Champions’ quadrant, based on a combination of market share performance and future growth strategies as determined by Frost & Sullivan research studies.

“Web applications are now the prime targets for cyber criminals to intrude into the organization’s resources, or for hacktivists to perform a defacement attack,” noted Charles Lim, Senior Industry Analyst, Frost & Sullivan Cyber Security practice.

“As defined in Frost & Sullivan’s Threat Response Adaptive Core Ecosystem (TRACE) concept, Web Application Firewalls are part of the key solutions for organisations to adopt in order to safeguard their web assets proactively,” Lim added.

The Asia-Pacific web application firewall market is expected to grow at a CAGR of 25.6% over the forecast period from 2014 to 2021, and is estimated to reach a total market size of US$769.6 million in 2021.

Analysis from Frost & Sullivan revealed that the Web Application Firewall market in the Asia Pacific region has become highly fragmented and competitive among local and global vendors such as South Korea-based Penta Security System, China-based NSFOCUS and global players such as Imperva, F5 Networks and Citrix System.

“Web systems are getting more vulnerable than ever, and have come to be the frequent target of hackers to try and gain access to privileged information,” noted Vu Anh Tien, Industry Analyst, Frost & Sullivan Cyber Security practice.

“This has caused an increasing number of enterprises to adopt WAF solutions to protect their web application servers, contributing to the strong double-digit growth in this security segment,” he explained.

From a future growth perspective, the WAF Frost IQ also recognises strong efforts from Citrix Systems and Barracuda Networks to strengthen its technological innovations and go-to-market strategies to solidify their market footprint in the region and be seen as key challengers in the quotient.

The Frost IQ report will also address industry trends, such as regulatory factors driving the growth of WAF adoption in Asia Pacific, the competitive landscape, technology advancement and growth forecast from the present to CY 2021.

The Frost IQ (FIQ) for Asia Pacific Web Application Firewall Vendors 2015, also identifies the top 10 security companies in the Asia Pacific region. The base year of the study is CY2014. The parameters used to determine relative positioning on the FIQ matrix include market share, product/service strategy, people/skills strategy, ecosystem and business strategy.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Media Contact:

Melissa Tan
Corporate Communications, Asia Pacific
P: +65-6890-0926
E: melissa.tan@frost.com

http://www.frost.com

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Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:27 pm

Posted in Uncategorized

What’s Charging the Demand for Battery Energy Storage Systems?

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Frost & Sullivan partners with The Battery Show to discover what’s charging the future of the energy storage industry

MOUNTAIN VIEW, Calif. /PRNewswire/ — Recently, Frost & Sullivan issued a joint survey with The Battery Show detailing the energy storage industry and potential challenges of the future in its early stages of development. In an effort to discover what’s charging the swelling energy storage industry, the survey will investigate battery industry contributor’s attitudes towards key issues such as positive and preventative aspects of the market, which will dictate the future of the industry.

Frost & Sullivan - Energy Storage
Frost & Sullivan – Energy Storage

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Battery and energy storage users across industries are invited to participate in the short survey by clicking the following link: http://bit.ly/1GLuYxv.

The survey provides participants the opportunity to anonymously share their view of the industry and assist in updating battery industry participants of their client’s opinions on key industry trends. Participants of the survey will be entered into a drawing for one free delegate pass to attend The Battery Show this September in addition to receiving the results of the survey following the conference.

The survey investigates the following:

  • Key market trends
  • Factors driving & restraining the market
  • Potential market size
  • Major competitors in the market

Seasoned Frost & Sullivan Energy & Environment Research Manager, Vishal Sapru will conduct a presentation on the results found during the survey. As the presentation will focus on the growing demand for battery energy storage systems (BESS), Sapru will unveil the battery market discoveries.

“At the heart of many technological innovations are the batteries that store the power needed to drive these breakthrough innovations. The batteries market has been growing at a compound annual growth rate of over 20 percent,” noted Frost & Sullivan Energy & Environment Research Manager, Vishal Sapru. “This survey will help us understand the overall spend on energy storage, regions that hold future growth potential and emerging technologies that will make energy storage more reliable and safe, and key competitors.”

About The Battery Show

Taking place September 15-17, 2015, in Novi, Detroit, Michigan, The Battery Show 2015 is the premier showcase of the latest advanced battery technology. The exhibition hall offers a platform to launch new products, make new contacts and maintain existing relationships. With more qualified buyers and decision makers than any other event in North America, The Battery Show 2015 is the key to unlocking your future business opportunities.

The Battery Show is attended by technical leaders, scientists, engineers, project leaders, buyers and senior executives concerned with advanced energy storage and will host the very latest advanced battery solutions for electric & hybrid vehicles, utility & renewable energy support, portable electronics, medical technology, military and telecommunications.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:
Jaylon Brinkley
Corporate Communications
P: +1-210-247-2481
E: jaylon.brinkley@frost.com

Photo – http://photos.prnasia.com/prnh/20150818/8521505372

Source: Frost & Sullivan
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Written by asiafreshnews

August 21, 2015 at 5:23 pm

Posted in Uncategorized

Darling Ingredients Inc. Reports Second Quarter 2015 Financial Results And Announces A Stock Repurchase Program For Up To $100 Million Of Common Stock

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— Net income for second quarter of $3.1 million; continued FX headwinds, no biofuel tax credit
— EBITDA of $105.5 million vs. $98.3 million in Q1
— All segments showed sequential EBITDA margin improvements despite lower selling prices
— Operating Initiatives being executed:
— Reduced working capital by $33.8 million quarter over quarter
— USA Corporate headcount 10% lower than December 2014
— CAPEX outflows at 35% of annual plan
— Restaurant Services and Bakery Feeds showed improvements
— Debt repayment of nearly $70 million in the quarter

IRVING, Texas /PRNewswire/ — Darling Ingredients Inc. (NYSE: DAR), a global leader in converting edible and inedible bio-nutrient streams into a wide range of ingredients and specialty products for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries, today announced financial results for the second quarter ended July 4, 2015, and that its Board of Directors approved the repurchase of up to an aggregate of $100 million of Darling’s common stock, depending on market conditions.

“Our earnings improved sequentially with all segments showing EBITDA margin improvements.  This is the third quarter in a row that we have been able to improve margins all while working to offset lower and volatile selling prices.  Our focus on operational efficiencies and SG&A reductions are also beginning to contribute.  Working capital improvements, the $25 million dividend from Diamond Green Diesel (DGD) in April 2015, along with slowing our capital spending outflows allowed us to repay nearly $70 million in debt during the quarter,” said Randall Stuewe, Darling Ingredients Inc. Chairman and Chief Executive Officer.

“The Feed Ingredients Segment achieved improved margins while facing a continuation of declining fat and protein values.  Our European, USA and Canadian rendering operations performed admirably and continue to make the necessary adjustments to regain sustainable margins.  Our USA restaurant services and bakery feeds business improved but we still have work to do. Raw material volumes moderated over first quarter typical with seasonality,” continued Mr. Stuewe.

“The Food Ingredients Segment saw a strong performance from the gelatin business especially in China and improvements sequentially occurred worldwide. Margin adjustments made in the edible fats business took hold but the closure of the Russian border continues to pressure the edible fat values with oversupply of raw material.  Our casings business was challenged with the border closure in Asia.”

“Our Fuel Ingredients Segment continues to deliver predictable returns with the exception of our Canadian biodiesel asset. Although the U.S. EPA released in June proposed biomass based diesel volumes within our expectations, the industry and our Canadian plant continue to operate in the red before the tax credit is considered. Rendac, our disposal rendering business, and Ecoson, our biophosphate operation producing green energy, delivered steady performances quarter over quarter.”

Mr. Stuewe added, “Our Diamond Green Diesel Joint Venture continued its strong operational performance in the second quarter of 2015 shipping over 44 million gallons of renewable diesel.  We remain optimistic that the U.S. Biofuels Tax Extenders package will be reinstated and will retroactively add approximately $25 million to income in the second quarter.”

“Globally, we remain focused on debt reduction, working capital improvement and cost reductions to improve shareholder value.  We very much believe in our strategy and the long term positioning of our global platform of creating sustainable ingredients for a growing population,” concluded Mr. Stuewe.

“Finally, our Board has authorized a share repurchase program for up to $100 million depending on market conditions,” added Mr. Stuewe. “The repurchases may be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. Repurchases may occur over the next 24 months, unless extended or shortened by the Board of Directors.”

For the second quarter of 2015, the Company reported net sales of $859.3 million, as compared with net sales of$1,031.3 million for the second quarter of 2014. The $172.0 million decrease in net sales is primarily attributable to lower finished product prices, primarily in the global fat markets, and by $113.9 million for the foreign exchange rate impact of a weak euro and Canadian dollar.  Overall, global raw material volumes were stronger year over year.

Net income attributable to Darling for the three months ended July 4, 2015, was $3.1 million, or $0.02 per diluted share, compared to a net income of $32.8 million, or $0.20 per diluted share, in the three months ended June 28, 2014. The results for the three months ended July 4, 2015 and three months ended June 28, 2014, respectively, include the following after-tax costs:

Fiscal 2015

  • $0.7 million ($0.00 per diluted share) associated with the integration of VION Ingredients and Rothsay and the implementation of internal controls over financial reporting per the Sarbanes-Oxley Act of 2002 for VION Ingredients; and
  • $5.8 million ($0.04 per diluted share) related to the write-off of deferred loan costs associated with the retirement of the Company’s European portion of its term loan B note on June 3, 2015.

Fiscal 2014

  • $3.5 million ($0.02 per diluted share) related to a non-cash inventory step-up associated with the required purchase accounting for the VION Acquisition related to the portion of acquired inventory sold during the period; and
  • $2.9 million ($0.02 per diluted share) associated with the acquisition and integration of Rothsay and VION Ingredients during the period.

Net income and diluted earnings per common share would have been $9.6 million and $0.06 per diluted share, respectively, for the three months ended July 4, 2015, without the integration costs and the write-off of deferred loan costs associated with the retirement of the Euro Term Loan B, as compared to $39.2 million and $0.24 per diluted share, respectively, for the three months ended June 28, 2014, without the noncash inventory step-up associated with the VION Acquisition and the acquisition and integration related costs. When comparing the three months ended July 4, 2015 to the three months ended June 28, 2014, this would have resulted in a $29.6 million decrease in net income. This decrease is attributable to lower finished product prices and the impact of foreign exchange rates as a function of the strengthening U.S. dollar as compared mainly to the euro and Canadian dollar, which were partially offset by an increase in raw material volumes.

Reconciliation of Net Income to (Non-GAAP) Adjusted EBITDA and (Non-GAAP) Pro forma Adjusted EBITDA

Darling Ingredients Inc. reports Adjusted EBITDA results, which is a non-GAAP financial measure, as a complement to results provided in accordance with generally accepted accounting principles (GAAP). The Company believes that Adjusted EBITDA provides additional useful information to investors. As the Company uses the term, Adjusted EBITDA, calculated below:

Three Months Ended – Year over Year

Adjusted EBITDA 

July 4,

June 28,

(U.S. dollars in thousands)

2015

2014

Net income attributable to Darling

$           3,080

$  32,757

Depreciation and amortization

66,245

67,498

Interest expense

34,285

26,571

Income tax expense

4,665

15,503

Foreign currency loss/(gain)

(1,622)

(11)

Other expense, net

1,199

887

Equity in net (income) of unconsolidated subsidiary

(4,172)

(2,040)

Net income attributable to noncontrolling interests

1,857

1,818

Adjusted EBITDA

$       105,537

$142,983

Non-cash inventory step-up associated with VION Acquisition

4,972

Acquisition and integration-related expenses

1,208

4,165

 Pro forma Adjusted EBITDA (Non-GAAP)

$       106,745

$152,120

DGD Joint Venture Adjusted EBITDA (Darling’s share) (1)

$           7,909

$    5,903

(1)

Darling’s pro forma adjusted EBITDA (Non-GAAP) in the above table does not include the DGD Joint Venture adjusted EBITDA (Darling’s share) if we had consolidated the DGD Joint Venture.

For the three months ended July 4, 2015, the Company generated Adjusted EBITDA of $105.5 million, as compared to $143.0 million in the same period in fiscal 2014. The decrease was primarily attributable to lower finished product prices and the impact of foreign exchange rates as a function of the strengthening U.S. dollar as compared mainly to the euro and Canadian dollar, which were partially offset by an increase in raw material volumes. On a Pro forma Adjusted EBITDA basis, the Company would have generated $106.7 million in the three months ended July 4, 2015, as compared to a Pro forma Adjusted EBITDA of $152.1 million in the same period in 2014. The decrease in the Pro forma Adjusted EBITDA is attributable to lower finished product prices, the impact of foreign exchange rates as a function of the strengthening U.S. dollar as compared mainly to the euro and Canadian dollar, lower acquisition and integration-related expenses and no inventory step-up associated with the VION Acquisition which were partially offset by an increase in raw material volumes.

As a result of the strengthened U.S. dollar, the above Pro forma Adjusted EBITDA results for the three months ended July 4, 2015 would have been $120.9 million when taking into consideration the change in average foreign exchange (FX) fluctuations of $14.2 million as compared to the Pro forma Adjusted EBITDA of $152.1 million for the same period in fiscal 2014, a reduction of $31.2 million.

Reconciliation of Net Income to (Non-GAAP) Adjusted EBITDA and (Non-GAAP) Pro forma Adjusted EBITDA

Three Months Ended – Sequential

Adjusted EBITDA

July 4,

April 4,

(U.S. dollars in thousands)

2015

2015

Net income attributable to Darling

$    3,080

$       109

Depreciation and amortization

66,245

66,398

Interest expense

34,285

23,109

Income tax expense

4,665

2,115

Foreign currency loss/(gain)

(1,622)

2,460

Other expense, net

1,199

509

Equity in net (income)/loss of unconsolidated subsidiary

(4,172)

1,808

Net income attributable to noncontrolling interests

1,857

1,715

Adjusted EBITDA

$105,537

$  98,223

Acquisition and integration-related expenses

1,208

5,319

 Pro forma Adjusted EBITDA (Non-GAAP)

$106,745

$103,542

DGD Joint Venture Adjusted EBITDA (Darling’s share) (1)

$    7,909

$    2,346

(1)

Darling’s Pro forma Adjusted EBITDA (Non-GAAP) in the above table does not include the DGD Joint Venture Adjusted EBITDA (Darling’s share) if we had consolidated the DGD Joint Venture.

On a sequential basis, for the three months ended July 4, 2015, the Company generated Adjusted EBITDA of$105.5 million, as compared to $98.2 million for the three months ended April 4, 2015. On a Pro Forma Adjusted EBITDA basis, the Company would have generated $106.7 million in the three months ended July 4, 2015, as compared to a Pro forma Adjusted EBITDA of $103.5 million in the three months ended April 4, 2015, an increase of approximately $3.2 million. The increase in the Pro forma Adjusted EBITDA is attributable to lower raw material prices, lower acquisition and integration-related expense and cost reductions.

As a result of the strengthened U.S. dollar, the above Pro forma Adjusted EBITDA results for the three months ended July 4, 2015 would have been $107.6 million when taking into consideration the change in average foreign currency fluctuations of $0.9 million, as compared to the Pro forma Adjusted EBITDA of $103.5 million for the three months ended April 4, 2015, an increase of $4.1 million.

Second Quarter 2015 Segment Performance

Feed Ingredients

Three Months Ended

($ thousands)

July 4, 2015

June 28, 2014

Net Sales

$    529,429

$        622,110

Segment operating income

$      35,389

$          74,706

EBITDA

$      75,874

$        114,572

  • Feed Ingredients operating income for the three months ended July 4, 2015 was $35.4 million, a decrease of$39.3 million as compared to the three months ended June 28, 2014. Adjusting the three months ended June 28, 2014 for the non-cash inventory step-up adjustment of approximately $1.5 million and comparing to the three months ended July 4, 2015, the Feed Ingredients operating income was lower by $40.8 million. In addition, Feed Ingredients operating cash flow was negatively impacted by foreign exchange translation by approximately $4.7 million when using prior year average exchange rates.
  • Feed Ingredients reported lower earnings and net sales year over year resulting primarily in the United Statesoperations, related to lower finished product prices for protein and fat, particularly in the Company’s non-formula business, as well as bakery. The $92.7 million decrease in net sales includes sales of fats $(26.0) million, used cooking oil $(15.2) million, proteins $(42.0) million, bakery $(5.1) million and other sales of $(4.4) million as compared to three months ended June 28, 2014.

Food Ingredients

Three Months Ended

($ thousands)

July 4, 2015

June 28, 2014

Net Sales

$    283,354

$        331,443

Segment operating income

$      15,512

$          11,311

EBITDA

$      32,297

$          30,939

  • Food Ingredients operating income was $15.5 million for the three months ended July 4, 2015, an increase of$4.2 million as compared to the three months ended June 28, 2014. Adjusting the three months ended June 28, 2014 for the non-cash inventory step-up adjustment of approximately $3.4 million and comparing this to the three months ended July 4, 2015, the Food Ingredients operating income is higher by $0.8 million. In addition, Food Ingredients operating cash flow was negatively impacted by foreign exchange translation by approximately $8.2 million when using prior year average exchange rates.
  • The gelatin business performance improved as compared to the prior year as a result of increased demand inChina and lower raw material prices in Europe. The European edible fats operation improved over the prior year due to lower raw material prices. The Company’s casings business was down comparable to the same period in the prior year, due primarily to decreased exports into China for specialty products.

Fuel Ingredients

Three Months Ended

($ thousands)

July 4, 2015

June 28, 2014

Net Sales

$      46,532

$          77,730

Segment operating income

$        2,038

$            5,243

EBITDA

$        8,637

$          11,061

  • Exclusive of the DGD Joint Venture, Fuel Ingredients operating income for the three months ended July 4, 2015was $2.0 million, a decrease of $3.2 million as compared to the three months ended June 28, 2014. Adjusting the three months ended June 28, 2014 for the non-cash inventory step-up adjustment of $0.1 million and comparing this to the three months ended July 4, 2015, the operating income is lower by $3.3 million. The Fuel Ingredients segment was negatively impacted by foreign exchange translation by $2.3 million when using prior year average exchange rates, lower production volumes and lower margins at the Canadian biodiesel plant.
  • Including the DGD Joint Venture earnings, the Fuel Ingredients segment income for the three months endedJuly 4, 2015 was $5.8 million, as compared to $6.7 million in the same period of 2014.  The reduction of $0.9 million is primarily related to a decrease in the income of the DGD Joint Venture due to the uncertain regulatory environment with respect to the U.S. mandated Renewable Volume Obligation (“RVO”) requirements within the Renewable Fuel Standard Program (“RFS2”) for 2015 and the decrease in petroleum prices.

Results of Operations – Six Months Ended July 4, 2015 Compared to Six Months Ended June 28, 2014

Net Income attributable to Darling for the six months ended July 4, 2015, was $3.2 million, or $0.02 per diluted share, as compared to a net loss of $20.0 million, or $(0.12) per diluted share, in the six months ended June 28, 2014. The results for the first six months of 2015 and 2014, respectively, include the following after-tax costs:

Fiscal 2015

  • $3.5 million ($0.02 per diluted share) associated with the integration of VION Ingredients and Rothsay, staff reduction in Angouleme, France and the implementation of internal controls over financial reporting per the Sarbanes-Oxley Act of 2002 during the first three months of fiscal 2015 for VION Ingredients; and
  • $5.8 million ($0.04 per diluted share) related to the write-off of deferred loan costs associated with the retirement of the Company’s European portion of its term loan B note on June 3, 2015.

 Fiscal 2014

  • $32.7 million ($0.20 per diluted share) related to a non-cash inventory step-up associated with the required purchase accounting for the VION Acquisition related to the portion of acquired inventory sold during the period;
  • $20.8 million ($0.13 per diluted share) related to the redemption premium and write-off of deferred loan costs associated with the retirement of the Company’s 8.5% Senior Notes on February 7, 2014;
  • $15.9 million ($0.10 per diluted share) associated with the acquisition and integration of Rothsay and VION Ingredients during the period; and
  • $8.3 million ($0.05 per diluted share) related to certain euro forward contracts entered into to hedge against foreign exchange risks related to the closing of the VION Acquisition.

Net income and diluted earnings per common share would have been $12.5 million and $0.08 per diluted share, respectively, for the six months ended July 4, 2015, as compared to $57.7 million and $0.35 per share, respectively, for the six months ended June 28, 2014 without the above listed after-tax costs. When comparing the first six months of fiscal 2015 to the first six months of fiscal 2014 this would have resulted in a $45.2 million decrease in net income. The decrease is attributable to lower finished product prices, lower equity income in unconsolidated subsidiaries and the impact of foreign exchange rates as a function of the strengthening U.S. dollar as compared mainly to the euro and Canadian dollar, which were partially offset by an increase in raw material volumes.

Reconciliation of Net Income to (Non-GAAP) Adjusted EBITDA and (Non-GAAP) Pro forma Adjusted EBITDA

Six Months Ended 

Adjusted EBITDA

July 4,

June 28,

(U.S. dollars in thousands)

2015

2014

Net income attributable to Darling

$            3,189

$      (20,046)

Depreciation and amortization

132,643

133,167

Interest expense

57,394

85,428

Income tax expense/(benefit)

6,780

(2,787)

Foreign currency loss

838

13,803

Other expense, net

1,708

2,025

Equity in net (income) of unconsolidated subsidiary

(2,364)

(7,117)

Net income attributable to noncontrolling interests

3,572

3,615

Adjusted EBITDA

$        203,760

$     208,088

Non-cash inventory step-up associated with VION Acquisition

49,803

Acquisition and integration-related expenses

6,527

20,113

Darling Ingredients International – 13th week (1)

4,100

 Pro forma Adjusted EBITDA (Non-GAAP)

$        210,287

$     282,104

DGD Joint Venture Adjusted EBITDA (Darling’s share) (2)

$          10,255

$       14,975

(1)

January 7, 2014 closed on VION Ingredients, thus the 13th week would be EBITDA adjusted for January 1, 2014 through January 7, 2014.

(2)

Darling’s Pro forma Adjusted EBITDA (Non-GAAP) in the above table does not include the DGD Joint Venture Adjusted EBITDA (Darling’s share) if we had consolidated the DGD Joint Venture.

For the first six months of fiscal 2015, the Company generated Adjusted EBITDA of $203.8 million, as compared to$208.1 million in the same period of 2014. On a Pro forma Adjusted EBITDA basis, the Company would have generated $210.3 million in the first six months of fiscal 2015, as compared to a Pro forma Adjusted EBITDA of$282.1 million in the same period in 2014. The decrease in the Pro forma Adjusted EBITDA is attributable to lower finished product prices and the impact of foreign exchange rates as a function of the strengthening U.S. dollar as compared mainly to the euro and Canadian dollar, which were partially offset by an increase in raw material volumes.

Second Quarter 2015 Segment Performance – Six Months Ended

Feed Ingredients

Six Months Ended

($ thousands)

July 4, 2015

June 28, 2014

Net Sales

$ 1,076,927

$     1,208,217

Segment operating income

$       70,804

$        112,237

EBITDA

$    151,343

$        190,662

  • Adjusting the first six months of 2014 for the non-cash inventory step-up of approximately $14.2 million as compared to the first six months of 2015, the segment operating income would be lower by $55.6 million.
  • Cash flow was negatively impacted by foreign exchange translation by approximately $9.3 million when using prior year average exchange rates. The $131.3 million decrease in net sales includes sales in fats of $(36.3) million, used cooking oil $(23.9) million, proteins $(55.2) million, bakery $(5.5) million and other $(10.4) millionwhen compared to six months ended June 28, 2014.

Food Ingredients

Six Months Ended

($ thousands)

July 4, 2015

June 28, 2014

Net Sales

$    553,511

$        624,905

Segment operating income

$      26,360

$              (831)

EBITDA

$      60,342

$          36,238

  • Adjusting the first six months of 2014 for the non-cash inventory step-up of approximately $35.3 million as compared to the first six months of 2015, the segment operating income would be lower by $8.1 million.
  • Cash flow was negatively impacted by foreign exchange translation by approximately $15.1 million when using prior year average exchange rates.

Fuel Ingredients

Six Months Ended

($ thousands)

July 4, 2015

June 28, 2014

Net Sales

$    103,571

$        144,453

Segment operating income

$         4,531

$            7,587

EBITDA

$      17,761

$          20,783

  • Exclusive of the DGD Joint Venture and adjusting the first six months of 2014 for the non-cash inventory step-up of approximately $0.3 million as compared to the first six months of 2015, the segment operating income would be lower by $3.4 million.
  • Cash flow was negatively impacted by foreign exchange translation by approximately $4.8 million when using prior year average exchange rates and including lower production and margins at the Canadian biodiesel plant.

About Darling

Darling Ingredients Inc. is the world’s largest publicly-traded developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and specialty products for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries.  With operations on five continents, the Company collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides.  The Company also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients.  In addition, the Company provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. For additional information, visit the Company’s website at http://ir.darlingii.com.

Darling Ingredients Inc. will host a conference call to discuss the Company’s second quarter 2015 financial results at 8:30 am Eastern Time (7:30 am Central Time) on Friday, August 14, 2015.  To listen to the conference call, participants calling from within North America should dial 866-777-2509; international participants should dial 412-317-5413.  Please refer to access code 10069349.  Please call approximately ten minutes before the start of the call to ensure that you are connected.

The call will also be available as a live audio webcast that can be accessed on the Company website at http://ir.darlingii.com. Beginning one hour after its completion, a replay of the call can be accessed throughAugust 20, 2015, by dialing 877-344-7529 (U.S. callers), 855-669-9658 (Canada) and 412-317-0088 (international callers).  The access code for the replay is 10069349.  The conference call will also be archived on the Company’s website.

Use of Non-GAAP Financial Measures:

Adjusted EBITDA is presented here not as an alternative to net income, but rather as a measure of the Company’s operating performance and is not intended to be a presentation in accordance with GAAP. Since EBITDA (generally, net income plus interest expenses, taxes, depreciation and amortization) is not calculated identically by all companies, this presentation may not be comparable to EBITDA or Adjusted EBITDA presentations disclosed by other companies. Adjusted EBITDA is calculated in this presentation and represents, for any relevant period, net income/(loss) plus depreciation and amortization, goodwill and long-lived asset impairment, interest expense, (income)/loss from discontinued operations, net of tax, income tax provision, other income/(expense) and equity in net loss of unconsolidated subsidiary. Management believes that Adjusted EBITDA is useful in evaluating the Company’s operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing income taxes and certain non-cash and other items that may vary for different companies for reasons unrelated to overall operating performance.

As a result, the Company’s management uses Adjusted EBITDA as a measure to evaluate performance and for other discretionary purposes. However, Adjusted EBITDA is not a recognized measurement under GAAP, should not be considered as an alternative to net income as a measure of operating results or to cash flow as a measure of liquidity, and is not intended to be a presentation in accordance with GAAP. In addition to the foregoing, management also uses or will use Adjusted EBITDA to measure compliance with certain financial covenants under the Company’s Senior Secured Credit Facilities and 5.375% Notes and 4.75% Notes that were outstanding at July 4, 2015. However, the amounts shown in this presentation for Adjusted EBITDA differ from the amounts calculated under similarly titled definitions in the Company’s Senior Secured Credit Facilities and 5.375% Notes and 4.75% Notes, as those definitions permit further adjustments to reflect certain other non-recurring costs and non-cash charges.

In addition, the Company’s management uses adjusted diluted earnings per share as a measure of earnings due to the significant merger and acquisition activity of the Company. However, an adjusted earnings per share is not a recognized measurement under GAAP and should not be considered as an alternative to diluted earnings per share presented in accordance with GAAP. Adjusted diluted earnings per share is defined as adjusted net income attributable to Darling divided by the weighted average shares of diluted common stock. Adjusted net income attributable to Darling is defined as a reconciliation of net income attributable to Darling, net of tax (i) adjusted for net of tax acquisition and integration costs related to merger and acquisitions, (ii) net of tax amortization of acquisition related intangibles and (iii) net of tax certain non-recurring items that are not part of normal operations. This measure is solely for the purpose of calculating adjusted diluted earnings per share and is not intended to be a substitute of presentation in accordance with GAAP.

Cautionary Statements Regarding Forward-Looking Information:

{This media release contains “forward-looking” statements regarding the business operations and prospects of Darling Ingredients Inc. and industry factors affecting it.  These statements are identified by  words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “could,” “may,” “will,” “should,” “planned,” “potential,” “continue,” “momentum,” and other words referring to events that may occur in the future.  These statements reflect Darling Ingredient’s current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, each of which could cause actual results to differ materially from those indicated in the forward-looking statements.  These factors include, among others, existing and unknown future limitations on the ability of the Company’s direct and indirect subsidiaries to make their cash flow available to the Company for payments on the Company’s indebtedness or other purposes; unanticipated costs or operating problems related to the acquisition and integration of Rothsay and Darling Ingredients International (including transactional costs and integration of the new enterprise resource planning (ERP) system); global demands for bio-fuels and grain and oilseed commodities, which have exhibited volatility, and can impact the cost of feed for cattle, hogs and poultry, thus affecting available rendering feedstock and selling prices for the Company’s products; reductions in raw material volumes available to the Company due to weak margins in the meat production industry as a result of higher feed costs, reduced consumer demand or other factors, reduced volume from food service establishments, reduced demand for animal feed, or otherwise; reduced finished product prices; continued decline in fat and used cooking oil finished product prices; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs like the Renewable Fuel Standards Program (RFS2) and tax credits for biofuels both in the Unites States and abroad; possible product recall resulting from developments relating to the discovery of unauthorized adulterations to food or food additives; the occurrence of Bird Flu including, but not limited to H5N1 flu, bovine spongiform encephalopathy (or “BSE”), porcine epidemic diarrhea (“PED”) or other diseases associated with animal origin in the United States or elsewhere; unanticipated costs and/or reductions in raw material volumes related to the Company’s compliance with the existing or unforeseen new U.S. or foreign regulations (including, without limitation, China) affecting the industries in which the Company operates or its value added products (including new or modified animal feed, Bird Flu, PED or BSE or similar or unanticipated regulations); risks associated with the renewable diesel plant in Norco, Louisiana owned and operated by a joint venture between Darling Ingredients and Valero Energy Corporation, including possible unanticipated operating disruptions; risks relating to possible third party claims of intellectual property infringement; increased contributions to the Company’s pension and benefit plans, including multiemployer and employer-sponsored defined benefit pension plans as required by legislation, regulation or other applicable U.S. or foreign law or resulting from a U.S. mass withdrawal event; bad debt write-offs; loss of or failure to obtain necessary permits and registrations; continued or escalated conflict in the Middle East, North Korea, Ukraine or elsewhere; and/or unfavorable export or import markets. These factors, coupled with volatile prices for natural gas and diesel fuel, climate conditions, currency exchange fluctuations, general performance of the U.S. and global economies, disturbances in world financial, credit, commodities and stock markets, and any decline in consumer confidence and discretionary spending, including the inability of consumers and companies to obtain credit due to lack of liquidity in the financial markets, among others, could negatively impact the Company’s results of operations. Among other things, future profitability may be affected by the Company’s ability to grow its business, which faces competition from companies that may have substantially greater resources than the Company. The Company’s announced share repurchase program may be suspended or discontinued at any time and purchases of shares under the program are subject to market conditions and other factors, which are likely to change from time to time. Other risks and uncertainties regarding Darling Ingredients Inc., its business and the industries in which it operates are referenced from time to time in the Company’s filings with the Securities and Exchange Commission.  Darling Ingredients Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.}

For More Information, contact:

Melissa A. Gaither, Director of Investor Relations

Email: mgaither@darlingii.com

251 O’Connor Ridge Blvd., Suite 300

Phone: +1-972-717-0300

Irving, Texas 75038

Darling Ingredients Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

July 4, 2015 and January 3, 2015

(Dollars in thousands, except share data)

July 4,

January 3,

2015

2015

(unaudited)

Current assets:

Cash and cash equivalents

$    126,020

$    108,784

Restricted cash

340

343

Accounts receivable, net

368,434

409,779

Inventories

396,423

401,613

Prepaid expenses

53,218

44,629

Income taxes refundable

24,855

22,140

Other current assets

24,102

21,324

Deferred income taxes

43,114

45,001

              Total current assets

1,036,506

1,053,613

Property, plant and equipment, less accumulated depreciation, net

1,515,573

1,574,116

Intangible assets, less accumulated amortization, net

852,490

932,413

Other assets:

Goodwill

1,261,610

1,320,419

Investment in unconsolidated subsidiaries

177,036

202,712

Other assets

79,833

71,009

Deferred income taxes

15,752

16,431

              Total assets

$ 4,938,800

$ 5,170,713

Current liabilities:

Current portion of long-term debt

$   50,884

$   54,401

Accounts payable, principally trade

164,424

168,518

Income taxes payable

6,015

4,363

Accrued expenses

242,358

256,119

Deferred income taxes

1,338

642

              Total current liabilities

465,019

484,043

Long-term debt, net of current portion

1,994,417

2,098,039

Other non-current liabilities

110,918

114,700

Deferred income taxes

399,335

422,797

              Total liabilities

2,969,689

3,119,579

Commitments and contingencies

Total Darling’s stockholders’ equity

1,866,514

1,952,990

Noncontrolling interests

102,597

98,144

              Total stockholders’ equity

$1,969,111

$2,051,134

$4,938,800

$5,170,713

Darling Ingredients Inc. and Subsidiaries

Consolidated Operating Results

For the Periods Ended July 4, 2015 and June 28, 2014

(Dollars in thousands, except per share data)

(unaudited)

Three Months Ended

Six Months Ended

$ Change

$ Change

July 4,

June 28,

Favorable

July 4,

June 28,

Favorable

2015

2014

(Unfavorable)

2015

2014

(Unfavorable)

Net sales

$859,315

$1,031,283

$    (171,968)

$1,734,009

$1,977,575

$    (243,566)

Costs and expenses:

Cost of sales and operating expenses

$668,276

$   789,505

121,229

$1,352,797

$1,564,711

211,914

Selling, general and administrative expenses

84,294

94,630

10,336

170,925

184,663

13,738

Depreciation and amortization

66,245

67,498

1,253

132,643

133,167

524

Acquisition and Integration costs

1,208

4,165

2,957

6,527

20,113

13,586

Total costs and expenses

820,023

955,798

135,775

1,662,892

1,902,654

239,762

Operating income

39,292

75,485

(36,193)

71,117

74,921

(3,804)

Other expense:

Interest expense

(34,285)

(26,571)

(7,714)

(57,394)

(85,428)

28,034

Foreign currency gain/(loss)

1,622

11

1,611

(838)

(13,803)

12,965

Other income/(expense), net

(1,199)

(887)

(312)

(1,708)

(2,025)

317

Total other expense

(33,862)

(27,447)

(6,415)

(59,940)

(101,256)

41,316

Equity in net income/(loss) of unconsolidated subsidiaries

4,172

2,040

2,132

2,364

7,117

(4,753)

Income/(loss) before income taxes

9,602

50,078

(40,476)

13,541

(19,218)

32,759

Income taxes expense/(benefit)

4,665

15,503

10,838

6,780

(2,787)

(9,567)

Net income/(loss)

$    4,937

$     34,575

$      (29,638)

$       6,761

$    (16,431)

$        23,192

Net (income)/loss attributable to noncontrolling interests

$   (1,857)

$      (1,818)

$             (39)

$      (3,572)

$      (3,615)

$               43

Net income/(loss) attributable to Darling

$    3,080

$     32,757

$      (29,677)

$       3,189

$    (20,046)

$        23,235

Basic income/(loss) per share:

$      0.02

$         0.20

$          (0.18)

$         0.02

$        (0.12)

$            0.14

Diluted income/(loss) per share:

$      0.02

$         0.20

$          (0.18)

$         0.02

$        (0.12)

$            0.14

Darling Ingredients Inc. and Subsidiaries

Consolidated Statement of Cash Flows

Six Months Ended July 4, 2015 and June 28, 2014

(Dollars in thousands)

(unaudited)

Six Months Ended

July 4,

June 28,

Cash flows from operating activities:

2015

2014

Net income/(loss)

$     6,761

$         (16,431)

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

132,643

133,167

Loss/(gain) on disposal of property, plant, equipment and other assets

233

(839)

Gain on insurance proceeds from insurance settlements

(341)

Deferred taxes

(3,225)

(12,882)

Increase/(decrease) in long-term pension liability

350

(6,519)

Stock-based compensation expense

4,642

14,583

Write-off deferred loan costs

10,633

4,330

Deferred loan cost amortization

4,868

4,911

Equity in net (income)/loss of unconsolidated subsidiaries

(2,364)

(7,117)

Distributions of earnings from unconsolidated subsidiaries

26,155

Changes in operating assets and liabilities, net of effects from acquisitions:

  Accounts receivable

22,582

(36,920)

  Income taxes refundable/payable

(1,368)

(3,181)

  Inventories and prepaid expenses

(21,451)

(2,806)

  Accounts payable and accrued expenses

(1,505)

(25,218)

  Other

8,937

(4,054)

Net cash provided by operating activities

187,550

41,024

Cash flows from investing activities:

Capital expenditures

(98,722)

(103,531)

Acquisitions, net of cash acquired

(2,075,651)

Gross proceeds from disposal of property, plant and equipment and other assets

1,484

2,308

Proceeds from insurance settlement

341

Payments related to routes and other intangibles

(2,242)

(7,312)

Net cash used by investing activities

(99,139)

(2,184,186)

Cash flows from financing activities:

Proceeds from long-term debt

579,974

1,821,196

Payments on long-term debt

(583,736)

(287,066)

Borrowings from revolving credit facility

41,244

170,143

Payments on revolving credit facility

(83,506)

(257,254)

Net cash overdraft financing

(880)

9,529

Deferred loan costs

(11,629)

(44,865)

Issuance of commons stock

171

417

Minimum withholding taxes paid on stock awards

(4,775)

(5,495)

Excess tax benefits from stock-based compensation

(12)

1,329

Distributions to noncontrolling interests

(1,866)

Net cash provided by financing activities

(65,015)

1,407,934

Effect of exchange rate changes on cash

(6,160)

8,156

Net increase/(decrease) in cash and cash equivalents

17,236

(727,072)

Cash and cash equivalents at beginning of period

108,784

870,857

Cash and cash equivalents at end of period

$ 126,020

$        143,785

Supplemental disclosure of cash flow information:

Accrued capital expenditures

$        274

$           (2,300)

Cash paid during the period for:

Interest, net of capitalized interest

$   37,524

$          47,851

Income taxes, net of refunds

$    11,436

$          11,301

Non-cash financing activities

Debt issued for service contract assets

$     2,521

$                    –

Darling Ingredients Inc.

Adjusted (Non-GAAP) Diluted Earnings Per Share

Three Months Ended July 4, 2015 and June 28, 2014

Three Months Ended

July 4,

June 28,

2015

2014

Weighted average shares of common stock outstanding (millions)

165,298

165,097

Reported Earnings Per Share (fully diluted)

$  0.02

$   0.20

Non-cash inventory step-up associated with the VION Acquisition

0.02

Acquisition and integration costs

0.02

Amortization of intangibles

0.07

0.09

Write-off deferred loan costs euro term loan B

0.04

Adjusted diluted earnings per share attributable to Darling (Non-GAAP) (1)

$  0.13

$   0.33

(1)  Adjustments to diluted earnings per share of acquisition related items are net of tax. Calculations of all adjustment tax amounts were at the applicable effective tax rate for the period, except for discrete items in fiscal 2015 and fiscal 2014. The effective tax rate used for calculating Non-GAAP Adjusted EPS in the above table for the three months ended July 4, 2015 and June 28, 2014 was 45.8% and 28.7%, respectively.  

Darling Ingredients Inc.

Adjusted (Non-GAAP) Diluted Earnings Per Share

Six Months Ended July 4, 2015 and June 28, 2014

Six Months Ended

July 4,

June 28,

2015

2014

Weighted average shares of common stock outstanding (millions)

165,244

164,469

Reported Earnings Per Share (fully diluted)

$  0.02

$ (0.12)

Non-cash inventory step-up associated with the VION Acquisition

0.20

Acquisition and integration costs

0.02

0.10

Amortization of intangibles

0.13

0.17

Redemption premium on 8.5% Senior Notes and write off deferred loan costs

0.13

Write-off deferred loan costs euro term loan B

0.04

Foreign currency hedge of VION purchase price

0.05

Adjusted diluted earnings per share attributable to Darling (Non-GAAP) (1)

$  0.21

$   0.53

(1)  Adjustments to diluted earnings per share of acquisition related items are net of tax. Calculations of all adjustment tax amounts were at the applicable effective tax rate for the period, except for discrete items in fiscal 2015 and fiscal 2014. The effective tax rate used for calculating Non-GAAP Adjusted EPS in the above table for the six months ended July 4, 2015 and June 28, 2014 was 45.8% and 34.3%, respectively.

Source: Darling Ingredients Inc.
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Written by asiafreshnews

August 21, 2015 at 5:18 pm

Posted in Uncategorized