Darling Ingred Stock Price, News & Analysis

Darling Ingredients' health brand, Rousselot, extends its partnership with Papendal, the Olympic Training Center in the Netherlands, to provide athletes with Peptan collagen peptides ahead of the Paris 2024 Olympics. This collaboration, which began in 2015, aims to support elite athletes' recovery and performance through innovative nutrition. Rousselot will supply its collagen solutions while partnering with Papendal's nutritionists to enhance athletes' understanding of sports nutrition. The sports nutrition market is anticipated to grow significantly, with an increasing interest in bioactive collagen solutions.

Darling Ingredients Inc. (NYSE: DAR) has been recognized by the Women's Forum of New York for achieving 40% female representation on its board of directors, marking the third consecutive year of this honor. The accolade was presented at the sixth biennial "Breakfast of Corporate Champions" event, celebrating companies with at least 35% female board representation. This recognition underscores the company’s commitment to promoting gender equity and diversity in leadership roles within its corporate structure.

Darling Ingredients Inc. (NYSE: DAR) reported strong Q3 2021 results with net income of $146.8 million ($0.88 per diluted share) on net sales of $1.2 billion, up from $851 million year-over-year. Adjusted EBITDA for the quarter was $289.6 million, reflecting a 32.8% increase compared to Q3 2020. The renewable diesel joint venture, Diamond Green Diesel, contributed $60 million of EBITDA. Year-to-date net sales reached $3.4 billion, driven by solid demand for protein products and low-carbon feedstocks. Darling also repurchased $22 million of common stock in Q3.

Darling Ingredients Inc. (NYSE: DAR) will host a conference call on November 10, 2021, at 9:00 a.m. ET to discuss its third quarter 2021 financial results. CEO Randall Stuewe and EVP Brad Phillips will lead the call. A related press release will be issued after market close on November 9, 2021. Participants can register in advance for the call or dial in directly. Darling Ingredients is recognized for producing sustainable proteins and fats, and it operates globally, including a joint venture in renewable diesel manufacturing, significantly reducing greenhouse gas emissions.

Darling Ingredients Inc. (NYSE: DAR) awarded over $200,000 in scholarships and grants to members of the National Future Farmers of America (FFA) Association in 2021. Each of the 11 scholarship recipients received $10,000, while additional state grants supported agriculture-based student projects. This initiative is part of a larger commitment, with $1.5 million awarded to FFA members in the past year. The announcement coincides with the 94th National FFA Convention & Expo in Indianapolis, where Darling is actively participating.

Darling Ingredients Inc. (NYSE: DAR) has appointed Celeste A. Clark, Ph.D., to its Board of Directors, expanding the board to ten members. Dr. Clark, an independent director, brings over 35 years of experience in nutrition and sustainability from her previous roles at Kellogg Company and her consulting firm. She is expected to contribute significantly to the company's environmental, social, and governance (ESG) initiatives. Randall C. Stuewe, CEO, highlighted her expertise as vital for enhancing ESG messaging and the Rousselot® brand Peptan products.

Darling Ingredients Inc. (NYSE: DAR) announced that Kerry Courchaine, its Director of Technical Services Quality Assurance, has joined the National FFA Foundation Sponsors Board. Courchaine's involvement will focus on fundraising initiatives for FFA, which has over 730,000 members across the U.S. and territories. With a background in Animal Science and experience in the agriculture industry, Courchaine aims to support young agriculturists. The announcement precedes the 94th National FFA Convention & Expo, where Darling will participate with a dedicated booth to engage with attendees.

Darling Ingredients Inc. (NYSE: DAR) has promoted Sandy Dudley to Executive Vice President of Renewables and U.S. Specialty Operations. In her new role, Ms. Dudley will oversee the company's renewable fuel strategy and U.S. Specialty Operations, which include various nutrient production for wet pet food and organic fertilizers. Her experience is expected to drive growth, particularly in restaurant services that integrate with Diamond Green Diesel, the joint venture focusing on renewable diesel production.