Darling Ingredients Inc. reports developments in its global ingredients and renewable energy business, which collects animal agriculture and food-industry residuals and converts them into feed ingredients, food ingredients, collagen products, fats, fertilizers, renewable fuels, biogas and energy products.
Recurring company news includes quarterly and annual results, segment performance, updates on the Diamond Green Diesel renewable fuels joint venture, production tax credit sales, portfolio realignment, capital spending, debt and liquidity, investor-day strategy, and board governance matters.
On March 21, 2022, Darling Ingredients Inc. (NYSE: DAR) announced a partnership with Chick-fil-A to convert used cooking oil from its restaurants in the U.S. and Canada into renewable transportation fuel. This initiative is part of Darling's DAR PRO Solutions service and aims to reduce greenhouse gas emissions by up to 85%. Each year, Darling transforms hundreds of millions of pounds of used cooking oil into renewable diesel, with an estimated production of over 700 million gallons in 2022. The collaboration supports sustainability efforts while enhancing Darling's renewable energy portfolio.
Darling Ingredients Inc. (NYSE: DAR), a leader in turning food waste into sustainable products, will have its CEO Randall C. Stuewe participate in a virtual fireside chat at the Gabelli Funds 8th Annual Waste & Environmental Services Symposium. The event is scheduled for 11:30 a.m. ET on March 31, 2022. Darling operates 250 plants across 17 countries, repurposing 10% of global meat industry waste into valuable products like renewable energy, diesel, and pet food ingredients. The presentation will be available for webcast on their website.
Darling Ingredients Inc. (NYSE: DAR), a leader in converting food waste into sustainable products, will have its Chairman and CEO, Randall C. Stuewe, present at several upcoming conferences. Key events include the Raymond James 43rd Annual Institutional Investors Conference on March 8, Bank of America Downstream Conference on March 10, and Roth 34th Annual Conference on March 14. The presentations will be webcasted on the company's Investor Relations website. Darling operates 250 plants globally and is recognized for repurposing meat industry waste into renewable energy and other valuable products.
Darlings Ingredients Inc. (NYSE: DAR) reported strong Q4 2021 results, with net income rising to $155.8 million ($0.94/share) from $44.7 million ($0.27/share) in Q4 2020. Net sales were $1.3 billion, up from $1.0 billion. For FY 2021, net sales reached $4.7 billion, compared to $3.6 billion in 2020. The company capitalized on strong demand in its feed segment and renewable diesel production, selling a record 370 million gallons of renewable diesel. The leverage ratio stands at 1.57x, with $650.9 million attributable net income for the year.
Darling Ingredients Inc. (NYSE: DAR) is set to announce its fourth quarter and fiscal year 2021 financial results on Feb. 28, 2022, at 4 p.m. CT. This will be followed by a teleconference and webcast on March 1, 2022, at 8 a.m. CT, hosted by CEO Randall C. Stuewe and CFO Brad Phillips. Participants can register in advance for the call or dial in live. Darling Ingredients is recognized as a sustainability leader, operating 250 plants across 17 countries, repurposing nearly 10% of the world's meat industry waste into valuable products.
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Nature Safe Fertilizer, a brand of Darling Ingredients, has appointed Ilan Oliver as Regional Sales Manager for the California Coastal Region. This strategic move aims to meet the growing demand for their organic fertilizers produced at the Turlock, CA facility. Oliver, with over 30 years of experience in agricultural microbiology and plant nutrition, brings valuable expertise to enhance the company's sales management. The company is committed to improving sustainability and profitability for various agricultural sectors.
Darling Ingredients Inc. (NYSE: DAR) announced a partnership between its Rousselot Health brand and the Terasaki Institute for Biomedical Innovation (TIBI) on January 12, 2022. This collaboration aims to develop gelatin-based therapies, leveraging Rousselot's X-Pure® modified gelatins. TIBI will utilize these gelatins in its research and clinical trials. The partnership, effective January 1, 2022, spans two years and will focus on innovative applications in regenerative medicine, enhancing the potential for new therapies.
Harris Williams is advising Valley Proteins on its sale to Darling Ingredients Inc. Valley Proteins excels in recovering and recycling animal by-products and waste cooking oil, contributing to sustainable solutions in animal feed and renewable fuels. The company operates 18 production facilities and employs 1,900 staff across 12 states. Darling, a global leader in organic ingredients, focuses on sustainable protein and fat products, enhancing its capabilities in renewable clean energy. This acquisition positions both companies to benefit from the growing demand for environmentally friendly solutions.