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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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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IRVING, Texas , Jan. 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 it has completed the acquisition of Polish rendering company, Miropasz Group. The company first announced its plans to acquire Miropasz in November 2022 for a purchase price of €110 million, plus or minus closing costs.

Darling Ingredients Inc. Completes Acquisition of Polish Rendering Company Miropasz Group

IRVING, Texas , Jan. 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today released the following statement regarding fourth quarter and fiscal year 2023 earnings. Fourth quarter and fiscal year 2023 earnings for Darling Ingredients' 50/50 joint venture known as Diamond Green Diesel (DGD) were released earlier today by Darling's joint venture partner.

Darling Ingredients Inc. Statement on Fiscal Year 2023 Earnings

Darling Ingredients, a leading sustainable resource converter, faces stock fluctuations despite TTM, missing EPS and revenue expectations, although TTM indicates growth. Positioned in eco-friendly markets, Darling leverages Diamond Green Diesel and strategic acquisitions for a promising future. Despite debt concerns and cash flow risks, Darling's strategic growth aligns with global sustainability goals, presenting an undervalued investment opportunity.

Darling Ingredients: Turning Waste Into Wealth

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IRVING, Texas , Dec. 11, 2023 /PRNewswire/ --  Darling Ingredients Inc.  (NYSE: DAR) has been recognized by Newsweek as one of America's Most Responsible Companies of 2024, ranking #129 of 600 companies headquartered in the United States and #13 of 48 companies within the Consumer Goods industry, as assessed by Newsweek and Statista Inc. The company consistently improved its ranking in recent years, moving up the list by more than 60 spots, compared to #191 in 2023 and more than 300 spots compared to #433 in 2022. The Newsweek rankings take a holistic view of corporate responsibility, considering all three pillars of ESG: Environmental, Social and Corporate Governance.

Darling Ingredients Again Named to Newsweek's America's Most Responsible Companies List

IRVING, Texas , Dec. 4, 2023 /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 U.S. Patent and Trademark Office (USPTO) has granted U.S. Patent No. 11795489B2 to its health brand Rousselot, securing Rousselot's intellectual property rights for StabiCaps™, a specialized gelatin that improves the formulation and stability of soft gel capsules to enhance the release of active ingredients, including medications.

Darling Ingredients' health brand Rousselot receives U.S. Patent for gelatin technology that improves soft gel capsule stability and efficacy

IRVING, Texas , Nov. 16, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced the company will engage in meetings with institutional investors and participate in fireside chats and panel discussions at the upcoming conferences: Goldman Sachs Carbonomics Conference: November 28 Chairman and CEO Randall C. Stuewe to participate in 'Fuels of the Future' panel at 8:45 a.m.

Darling Ingredients to Participate in Upcoming 2023 Conferences

Darling Ingredients Inc. (NYSE:DAR ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Suann Guthrie - Senior Vice President-Investor Relations, Sustainability & Communications Randall C. Stuewe - Chairman & Chief Executive Officer Brad Phillips - Executive Vice President & Chief Financial Officer Bob Day - Executive Vice President-Strategy Matt Jansen - Chief Operating Officer-North America Conference Call Participants Manav Gupta - UBS Adam Samuelson - Goldman Sachs Derrick Whitfield - Stifel Dushyant Ailani - Jefferies Paul Cheng - Scotiabank Andrew Strelzik - BMO Sam Margolin - Wolfe Research Ben Bienvenu - Stephens Matthew Blair - TPH Jason Gabelman - Cowen Operator Good morning and welcome to the Darling Ingredients Inc. Conference Call to discuss the company's Third Quarter 2023 Results.

Darling Ingredients Inc. (DAR) Q3 2023 Earnings Call Transcript

The headline numbers for Darling (DAR) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Darling (DAR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Third Quarter 2023 Net income of $125.0 million, or $0.77 per GAAP diluted share Net sales of $1.6 billion Combined adjusted EBITDA of $334.3 million Global ingredients business EBITDA of $247.8 million Received $62.2 million in cash dividends from Diamond Green Diesel IRVING, Texas , Nov. 7, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $125.0 million, or $0.77 per diluted share for third quarter of 2023, compared to net income of $191.1 million, or $1.17 per diluted share, for third quarter of 2022. The company also reported net sales of $1.6 billion for the third quarter of 2023, compared with net sales of $1.7 billion for the same period a year ago.

Darling Ingredients Inc. Reports Third Quarter 2023 Results

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Darling (DAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Darling Ingredients (DAR) Q3 Earnings Expected to Decline

IRVING, Texas , Oct. 30, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) will release third quarter 2023 financial results on Tuesday, November 7, 2023. A press release will be issued after market via PR Newswire, and a presentation with accompanying supplemental financial data will also be available in the investors section of the company's website.

Darling Ingredients Inc. to Release Third Quarter 2023 Financial Results

IRVING, Texas , Oct. 26, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today released the following statement regarding 2023 guidance and 2024 outlook. Volumes in our 50/50 joint venture known as Diamond Green Diesel (DGD), were lower in the quarter due to a regularly scheduled turnaround and a minor fire disruption at DGD 2 in St. Charles, La.

Darling Ingredients Inc. Statement on 2023 Guidance and 2024 Outlook

Diamond Green Diesel is a key growth driver for Darling Ingredients, contributing over 50% of EBITDA in Q2 2023. DAR exceeded production expectations in Q2 2023 and is projected to produce 58% more biodiesel in 2023. Revenue from animal fats declined, but revenue from protein feed and collagen in the food ingredient segment saw significant growth.

Darling Ingredients: Biodiesel Production As A Major Growth Driver

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Darling Ingredients released a strong 2Q23 financial report, but the share price since has been weak. Diamond Green Diesel had a record quarter and is on track to achieve the guided 1,200 million gallons of RD. DAR management reiterated guidance of $1.85 billion EBITDA. If achieved, DAR appears undervalued.

Darling Ingredients: Share Price Weakness Widens Margin Of Safety

Darling Ingredients Inc. (NYSE:DAR ) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Suann Guthrie – Senior Vice President-Investor Relations, Sustainability & Communications Randall C. Stuewe – Chairman and Chief Executive Officer Brad Phillips – Chief Financial Officer John Bullock – Chief Strategy Officer Matt Jansen – Chief Operating Officer-North America Conference Call Participants Manav Gupta – UBS Derrick Whitfield – Stifel Dushyant Ailani – Jefferies Sam Margolin – Wolfe Research Andrew Strelzik – BMO Ryan Todd – Piper Sandler Adam Samuelson – Goldman Sachs Ben Kallo – Baird Ben Bienvenu – Stephens Tom Palmer – JPMorgan Paul Cheng – Scotia Bank Jason Gabelman – TD Cowen Bill Baldwin – Baldwin Anthony Securities Operator Good morning, and welcome to the Darling Ingredients Inc. Conference Call to Discuss the Company's Second Quarter 2023 Results.

Darling Ingredients Inc. (DAR) Q2 2023 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 June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Darling (DAR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Darling Ingredients (DAR) came out with quarterly earnings of $1.55 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.23 per share a year ago.

Darling Ingredients (DAR) Misses Q2 Earnings and Revenue Estimates

Second Quarter 2023 Net income of $252.4 million, or $1.55 per GAAP diluted share Net sales of $1.8 billion Combined adjusted EBITDA of $508.3 million, $526.8 million excluding one-time Gelnex inventory negative impact Global ingredients business EBITDA of $260.9 million Received $101.4 million in cash dividends in Q2, and additional $62.2 million in cash dividends subsequent to quarter close from Diamond Green Diesel Repurchased $9.1 million of common stock IRVING, Texas , Aug. 8, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $252.4 million, or $1.55 per diluted share for second quarter of 2023, compared to net income of $202.0 million, or $1.23 per diluted share, for second quarter of 2022. The company also reported net sales of $1.8 billion for the second quarter of 2023, compared with net sales of $1.7 billion for the same period a year ago.

Darling Ingredients Inc. Reports Second Quarter 2023 Results

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