Darling Ingredients

Darling Ingredients, Inc. engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products. The Food Ingredients segment comprises gelatin, natural casings and meat by-products, and specialty products activities. The Fuel Ingredients segment consists of biofuel and bioenergy services. The company was founded in 1882 and is headquartered in Irving, TX.

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Darling Ingredients achieves record earnings, eyes sustainable aviation fuel market

Darling Ingredients delivered record earnings, navigated challenges in raw material supply and market volatility, and outlined strategic growth initiatives for 2023. With a strong global presence, focus on sustainability, and entry into the sustainable aviation fuel market, the company is poised for continued success and market leadership.

Darling Ingredients (DAR) reports strong Q1 performance and eyes global growth opportunities

Darling Ingredients (DAR) delivered a robust performance in Q1 2023, driven by strong results across all segments and strategic positioning for sustained growth.
Despite challenges in integration and market dynamics, the company's focus on margin improvements and partnerships presents opportunities for future expansion.
With a positive outlook for Q2 and a focus on optimizing operations and exploring new markets, Darling Ingredients is well-positioned for continued success.

Darling Ingredients reports record earnings, eyes growth in renewable diesel

Darling Ingredients delivered strong financial performance in Q2 2023, driven by record earnings and solid segment performances. While facing challenges such as feed price impacts and market conditions, the company is well-positioned to capitalize on opportunities in the renewable diesel market and expand its business. Maintaining competitive advantage and strategic growth initiatives are key focus areas for Darling.

Darling Ingredients revises guidance, faces income decline in Q3

Darling Ingredients revised 2023 adjusted EBITDA guidance to $1.6-1.7 billion.
Analysts raised questions on various topics including margins, hedges, and acquisitions.
Discussion on potential decoupling of fats prices from vegetable oils.
Overall, Darling Ingredients aims for sustainable growth and margin improvement.

Darling Ingredients reports record 2023 earnings, eyes growth opportunities

Darling Ingredients had a strong financial performance in 2023, with record EBITDA and net income figures.
While facing challenges like lower operating income and market uncertainties, the company is focused on debt reduction and growth opportunities.
Management's strategic approach to margin management and distribution policies position Darling Ingredients for future success.
Investors can expect continued focus on financial discipline, operational efficiency, and growth initiatives in the coming year.

Darling Ingredients navigates pricing challenges, eyes growth opportunities in Q2

Darling Ingredients faced challenges from deflationary pricing trends but showed strength in raw material volumes and margin management.
Management's focus on adapting to market changes and operational efficiency positions the company for improved performance in Q2.
Renegotiating supplier agreements and strategic procurement decisions highlight long-term benefits amidst short-term impacts.
Anticipation of exceeding guidance, advancements in collagen peptide research, and discussions on market dynamics offer growth opportunities.

Darling Ingredients posts solid Q2 results, eyes growth opportunities

Darling Ingredients delivered a strong performance in Q2 2024, driven by improvements in core business segments and strategic investments.
Despite challenges in the gelatin market and operating income decline, the company remains focused on growth and debt reduction.
Opportunities lie in the anticipated rebound in customer demand, sustainable fuel initiatives, and stock repurchases signaling confidence in future prospects.

Darling Ingredients faces market challenges, maintains margins, eyes growth

Darling Ingredients navigated challenging markets with flat core ingredients performance.
Maintained strong margins in the Food segment and received a significant cash dividend in the Fuel segment.
Optimism for regulatory clarity in 2025 and focus on debt reduction.
Despite challenges, the company is strategically positioned for potential growth opportunities.
Total net sales at $1.4 billion for Q3 2024, with a focus on operational efficiency.

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Brad Phillips, Executive Vice President and Chief Financial Officer, to retire Robert Day to be named Executive Vice President and Chief Financial Officer Sandra Dudley to be named Executive Vice President, Renewables and Chief Strategy Officer Carlos Paz joins as Executive Vice President, Global Risk Management, Ingredients IRVING, Texas , Dec. 12, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that Brad Phillips, Executive Vice President and Chief Financial Officer, will retire from the company after 36 years, effective June 15, 2025. Robert Day, currently Executive Vice President and Chief Strategy Officer, will assume the role of Executive Vice President and Chief Financial Officer effective on the day after the company files its 2024 Form 10-K, which is expected to occur on Feb. 25, 2025; after which, Phillips will remain employed until his retirement date to assist Day in his transition to his new role.

Darling Ingredients Inc. Announces Leadership Changes

Valero Energy

IRVING, Texas , Dec. 10, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that Avfuel Corporation, the leading independent supplier of aviation fuel and services, took the first delivery of sustainable aviation fuel (SAF) produced by Diamond Green Diesel (DGD), a 50/50 joint venture between Darling Ingredients and Valero Energy Corporation (NYSE: VLO, "Valero"). Naples Aviation (KAPF) accepted Avfuel's delivery of SAF, marking the fuel supplier's first network location to offer SAF for general sale in the eastern United States.

Darling Ingredients Inc. Announces Avfuel Corporation Takes First Delivery of Sustainable Aviation Fuel produced by Diamond Green Diesel

IRVING, Texas , Dec. 10, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that its 50/50 joint venture Diamond Green Diesel (DGD) received approval of its Excise Tax Registration from the Internal Revenue Service. Registration is one of the requirements for a taxpayer to be eligible to claim the Internal Revenue Code 45Z credit.

Darling Ingredients Inc. Announces Diamond Green Diesel Receives Approval of Excise Tax Registration

IRVING, Texas , Oct. 28, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that the company will participate in the Jefferies Renewables & Clean Energy Conference on Wednesday, December 4, 2024. The company will hold investor meetings, and Chairman and Chief Executive Officer Randall C.

Darling Ingredients Inc. to Participate in Jefferies Renewable & Clean Energy Conference

Darling Ingredients Inc. (NYSE:DAR ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Suann Guthrie - Senior Vice President of Investor Relations, Sustainability and Global Communications Randall Stuewe - Chairman and Chief Executive Officer Brad Phillips - Executive Vice President and Chief Financial Officer Robert Day - Executive Vice President and Chief Strategy Officer Matt Jansen - Chief Operating Officer of North America Conference Call Participants Thomas Palmer - Citi Paul Cheng - Scotiabank Dushyant Ailani - Jefferies Heather Jones - Heather Jones Research Manav Gupta - UBS John Royall - JPMorgan Andrew Strelzik - BMO Matthew Blair - Tudor, Pickering, Holt Ryan Todd - Simmons Energy Ben Kallo - Baird Jason Gabelman - TD Cohen Operator Good morning, and welcome to the Darling Ingredients Inc. Conference Call to discuss the Company's Third Quarter 2024 Financial Results. After the speakers' prepared remarks, there will be a question-and-answer session period, and instructions to ask a question will be given at that time.

Darling Ingredients Inc. (DAR) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Darling (DAR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Darling (DAR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Darling Ingredients (DAR) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.77 per share a year ago.

Darling Ingredients (DAR) Q3 Earnings and Revenues Miss Estimates

Third Quarter 2024 Net income of $16.9 million, or $0.11 per GAAP diluted share Total net sales of $1.4 billion Combined adjusted EBITDA of $236.7 million Received $111.2 million in cash dividends from Diamond Green Diesel IRVING, Texas , Oct. 24, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $16.9 million, or $0.11 per diluted share for the third quarter of 2024, compared to net income of $125.0 million, or $0.77 per diluted share, for the third quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD).

Darling Ingredients Inc. Reports Third Quarter 2024 Results

IRVING, Texas , Oct. 21, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced the publication of preclinical and clinical studies1 in the  Wiley Journal of Food Science and Nutrition , focusing on the impact of a specific collagen peptide composition on post-meal blood glucose spikes. Developed by Darling Ingredients' premier collagen and gelatin brand, Rousselot, the Nextida library features a groundbreaking collection of specific collagen peptide compositions with new targeted health benefits.

Darling Ingredients Announces Publication of Peer-Reviewed Collagen Peptides Study and its Impact on Post-Meal Blood Glucose Spikes

IRVING, Texas , Oct. 18, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) announced today that it will host a conference call on Thursday, October 24, 2024, at 9 a.m. Eastern Time (8 a.m.

Darling Ingredients Inc. to Release Third Quarter 2024 Financial Results

IRVING, Texas , Oct. 17, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel, for delivery to Chicago Midway International Airport (MDW). As part of the two-year supply agreement between Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE: VLO) and Southwest Airlines Co. (NYSE: LUV) (Southwest), Southwest will purchase a minimum of 3.6 million gallons of neat SAF (about 12 million gallons blended) for use in its operations as early as fourth quarter 2024, with the option to purchase up to 25 million gallons of neat SAF (about 84 million gallons blended) over the agreement's term.

Darling Ingredients Inc. Announces Agreement to Bring Sustainable Aviation Fuel Supply to Chicago Midway Airport through Diamond Green Diesel Joint Venture

Next Generation Collagen Peptide that Targets Post-Meal Glucose Spike IRVING, Texas , Oct. 7, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that it has launched Nextida™ GC, a new collagen peptide that displayed a reduction in the post-meal glucose spike in healthy individuals. The clinical trial1, conducted by Darling Ingredients' premier collagen and gelatin brand Rousselot, showed that a 5-gram or 10-gram dose orally 30 minutes before a meal significantly lowered post-meal glucose spike in the blood by an average of 42%2.

Darling Ingredients Introduces Nextida™ GC

IRVING, Texas , Sept. 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express.

Darling Ingredients Inc. Announces Agreement to Bring First Regular Supply of Sustainable Aviation Fuel to Florida Through Diamond Green Diesel Joint Venture

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating Darling Ingredients Inc. (NYSE: DAR) (“Darling”) on behalf of the company's investors. Since July 2023, shares of Darling's common stock have declined in value from a trading price of over $70.00 per share to a current trading price of below $36.00 per share, a decline of over $34.00 per share, or over 48% in value. The investigation seeks to determine whether Darling and/or the company's officers and directors vi.

Kaskela Law LLC Announces Stockholder Investigation of Darling Ingredients Inc. (NYSE: DAR) and Encourages Investors to Contact the Firm

IRVING, Texas , Sept. 16, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that it has elected Randy Hill to the board as an independent director, effective immediately.

Darling Ingredients Elects Randy Hill to Board of Directors

IRVING, Texas , Aug. 14, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced a target to reduce Scope 1 and 2 emissions 42% by 2030, which aligns with its commitment to the Science Based Targets initiative (SBTi). The goal is included in the company's 2023 Sustainability Progress Report, published today.

Darling Ingredients Announces Scope 1 and 2 Emissions Reduction Target, Issues 2023 Sustainability Progress Report

Darling Ingredients (NYSE: DAR ) stock is climbing higher on Tuesday despite a lack of news from the developer and seller of edible and inedible bio-nutrients. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is up today.

DAR Stock Alert: Why Are Shares of Darling Ingredients Soaring Today?

IRVING, Texas , July 31, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel to create blended SAF, for commercial air travel out of John F. Kennedy International Airport (JFK) to begin in the next few months.

Darling Ingredients Inc. Announces Sustainable Aviation Fuel Contract Through Diamond Green Diesel Joint Venture

IRVING, Texas , July 29, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that long-time board member Michael E. Rescoe has retired from its board.

Darling Ingredients Director Michael E. Rescoe Retires from Board

Reported EPS of $0.49 beat estimates by $0.03, while revenue of $1.46 billion exactly matched consensus analyst expectations. Net income fell significantly to $78.9 million from $252.4 million year-over-year, a decline of 69%.

Darling Ingredients Faces Deep Earnings Dip

Darling Ingredients Inc. (NYSE:DAR ) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Suann Guthrie - Senior Vice President of Investor Relations, Sustainability and Global Communications Randall Stuewe - Chairman and Chief Executive Officer Brad Phillips - Executive Vice President and Chief Financial Officer Robert Day - Executive Vice President and Chief Strategy Officer Matt Jansen - Chief Operating Officer of North America Conference Call Participants Heather Jones - Heather Jones Research LLC Dushyant Ailani - Jefferies LLC Manav Gupta - UBS Adam Samuelson - Goldman Sachs Group, Inc. Matthew Blair - Tudor, Pickering, Holt & Co. Thomas Palmer - Citi Ryan Todd - Piper Sandler John Royall - JPMorgan Andrew Strelzik - BMO Capital Markets Ben Kallo - Robert W. Baird & Co. Operator Good morning, and welcome to the Darling Ingredients Inc. Conference Call to discuss the Company's Second Quarter 2024 Financial Results.

Darling Ingredients Inc. (DAR) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Darling (DAR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Darling (DAR) Q2 Earnings: A Look at Key Metrics

Darling Ingredients (DAR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $1.55 per share a year ago.

Darling Ingredients (DAR) Q2 Earnings Top Estimates

Second Quarter 2024 Net income of $78.9 million, or $0.49 per GAAP diluted share Net sales of $1.5 billion Combined adjusted EBITDA of $273.6 million Repurchased $29.2 million of common stock Received $77.1 million in cash dividends from Diamond Green Diesel on July 18, 2024 IRVING, Texas , July 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $78.9 million, or $0.49 per diluted share for the second quarter of 2024, compared to net income of $252.4 million, or $1.55 per diluted share, for the second quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD).

Darling Ingredients Inc. Reports Second Quarter 2024 Results

Gevo

Neste Oyj

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