Darling Ingred Stock Price, News & Analysis

Darling Ingredients (NYSE:DAR), a leader in converting food waste into sustainable products and renewable energy, has completed a major debt refinancing. The company's subsidiary, Darling Global Finance B.V., issued €750 million in senior notes due 2032 with a 4.5% interest rate.

The company also entered into a Third Amended and Restated Credit Agreement, which includes a $2 billion revolving loan facility and a $900 million farm credit term loan. The proceeds will be used to redeem existing €515 million 3.625% Senior Notes due 2026 and refinance existing credit facilities.

Darling Ingredients (NYSE: DAR) announced the pricing of €750 million in 4.5% senior notes due 2032, issued by its subsidiary Darling Global Finance B.V. The notes will be guaranteed by Darling and its restricted subsidiaries. The offering is expected to close around June 24, 2025. The proceeds will be used to redeem €515.0 million of 3.625% Senior Notes due 2026 and repay certain existing senior secured credit facilities. The notes are being offered to qualified institutional buyers in the US under Rule 144A and to non-U.S. persons under Regulation S. CEO Randall C. Stuewe highlighted that this refinancing allows the company to maintain its current blended cost of debt while extending the notes' term by seven years.

Darling Ingredients (NYSE: DAR) announced that its Dutch subsidiary, Darling Global Finance B.V., is offering €750 million in senior notes. The company also plans to amend its Second Amended and Restated Credit Agreement from January 2014. The notes will be guaranteed by Darling and its restricted subsidiaries under the proposed Third Amended and Restated Credit Agreement. The proceeds will be used to redeem €515.0 million of 3.625% Senior Notes due 2026 and repay certain existing senior secured credit facilities, as well as cover related costs and fees. The notes will only be offered to qualified institutional buyers in the US under Rule 144A and to non-US persons under Regulation S, as they will not be registered under the Securities Act.

Darling Ingredients (NYSE: DAR), a leader in converting food waste into sustainable products and renewable energy, has announced a dual listing of its common stock on NYSE Texas, a new electronic equities exchange in Dallas. While maintaining its primary NYSE listing, DAR will trade under the same "DAR" ticker symbol on NYSE Texas as a founding member. CEO Randall C. Stuewe emphasized that this strategic move aligns with the company's innovation goals and aims to tap into Texas's dynamic economy while expanding their investor base.

Darling Ingredients (NYSE: DAR) and Tessenderlo Group (XBRU: TESB) have agreed to form a new joint venture called Nextida™, combining their collagen and gelatin businesses. The new company will have expected annual revenue of $1.5 billion and a total production capacity of 200,000 metric tons across 23 facilities globally.

The non-cash transaction will merge Darling's Rousselot business with Tessenderlo's PB Leiner operations, with Darling holding an 85% majority stake. The joint venture aims to capitalize on the fast-growing collagen-based health, wellness, and nutrition sectors. The deal, expected to close in 2026 pending regulatory approvals, will create opportunities for synergies through commercial, logistical, and operational optimizations.

Darling Ingredients, the global leader in transforming food waste into sustainable products and renewable energy, has announced its upcoming participation in the BMO Global Farm to Market Conference. The event will take place on Wednesday, May 14, 2025, in New York City.

The company will engage in two key activities during the conference:

• Institutional investor meetings
• A fireside chat scheduled for 11:00 a.m. ET

Interested parties can access the live webcast of the event by visiting darlingii.com/events to register.

Darling Ingredients (NYSE: DAR) reported a net loss of $(26.2) million, or $(0.16) per diluted share, in Q1 2025, compared to net income of $81.2 million in Q1 2024. Total net sales decreased to $1.38 billion from $1.42 billion year-over-year.

The company's Diamond Green Diesel (DGD) joint venture sold 219.1 million gallons of renewable fuels at $0.06 per gallon EBITDA, contributing $129.5 million in cash dividends. Combined Adjusted EBITDA was $195.8 million, down from $280.1 million in Q1 2024.

Key financial actions included:

• Repurchasing $35 million of common stock (approximately 1 million shares)
• Paying down $146.2 million in debt
• Maintaining $81.5 million in cash and $1.27 billion in revolving credit availability

The company reaffirmed its fiscal year 2025 guidance of $1.25-1.30 billion Combined Adjusted EBITDA, with core business expected to generate $950 million to $1 billion EBITDA.

Darling Ingredients (NYSE: DAR) has scheduled its first quarter 2025 financial results conference call for Thursday, April 24, 2025, at 9 a.m. Eastern Time (8 a.m. Central Time). The financial results will be released earlier that day, accompanied by a presentation with supplemental financial data available on their investor website.

Investors can participate in two ways: register for an audio-only webcast to listen, or join as a participant to ask questions by pre-registering or calling 833-470-1428 (US) or 404-975-4839 (international) with access code 932698. A replay will be available online two hours after the call, with a transcript posted on the investor website within 24 hours.

Darling Ingredients (NYSE: DAR) has released a statement addressing concerns about tariffs, emphasizing its strong position to handle trade policy changes. The company highlights its global presence with 260 facilities across five continents and notes that the majority of its U.S.-produced ingredients are used domestically, with minimal exposure to exports affected by current tariffs, including those to China.

The company states that current tariff developments are not material to their business operations. Drawing from their experience managing commodity market volatility, Darling Ingredients remains confident in their ability to maintain and protect margins through necessary adjustments. They expect global trade flows to eventually normalize and believe their international footprint and market agility position them well to navigate trade policy shifts.