Image source: Darling Ingredients,

What: Shares of Darling Ingredients (NYSE:DAR) rose as much as 30.7% early Wednesday, and traded up 27% as of 11:15 a.m. after the rending and biodiesel specialist announced strong fiscal fourth-quarter 2015 earnings. 

So what: Quarterly revenue fell 19% year over year to $809.7 million, primarily due to ongoing foreign exchange headwinds and continued weakness in global commodity markets. But that translated to a 20.7% increase in net income (attributable to Darling) to $84.4 million, and a 23.8% increase in net income per share to $0.52.

Analysts, on average, were expecting higher revenue of $843.6 million, but significantly lower earnings of $0.25 per share.

Darling Ingredients CEO Randall Stuewe explained, "During the fourth quarter, our Food and Fuel segments performed well, generating strong EBITDA margins driven primarily by improved pricing and higher volumes, but were partially offset by continued FX challenges. In our Feed segment, we successfully navigated some short-term challenges that negatively affected results, but pricing of these products rebounded nicely in early Q1 2016."

Now what: Looking forward, Stuewe also stated that Darling sees "improved conditions for fats and oils demand globally as we proceed into spring," and that the company's focus on operational efficiency in the face of market headwinds last year positions it well for the coming year. In the end, combined with Darling's hefty bottom-line beat and shares still down more than 30% over the past year, it's no surprise to see Darling Ingredients stock finally enjoying some love from the markets today.

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