Welcome to our dedicated page for Darling Ingred news (Ticker: DAR), a resource for investors and traders seeking the latest updates and insights on Darling Ingred stock.
News and updates about Darling Ingredients Inc. (NYSE: DAR) focus on its role in rendering and meat byproduct processing, sustainable ingredients, and renewable fuels. The company regularly issues press releases and files current reports that cover financial performance, joint ventures, capital markets activity, and governance developments.
Investors following DAR news will see quarterly earnings announcements that include net sales, net income, segment performance for feed ingredients, food ingredients, and fuel ingredients, and non-GAAP measures such as Segment Adjusted EBITDA and Combined Adjusted EBITDA. These updates often highlight the contribution of the Diamond Green Diesel joint venture, including renewable fuel volumes and Darling Ingredients’ share of DGD’s Adjusted EBITDA.
News coverage also includes information on production tax credits generated under the Inflation Reduction Act by Diamond Green Diesel and agreements to sell these credits to corporate buyers. Such announcements describe the scale of tax credit sales and their relationship to renewable diesel and sustainable aviation fuel production.
Another important stream of news involves Darling Ingredients’ collagen and gelatin activities. The company has announced a definitive agreement with Tessenderlo Group to form a new company that will combine Darling Ingredients’ Rousselot collagen and gelatin business with Tessenderlo’s PB Leiner business. Updates on this planned joint venture provide context on expected ownership interests, regulatory approvals, and the strategic focus on collagen-based health, wellness and nutrition products.
Additional DAR news items address capital structure and governance, such as the pricing of senior notes, the redemption of existing notes, amendments to bylaws, and executive leadership changes. Together, these disclosures give readers a view into how Darling Ingredients manages its operations, finances, and corporate structure. For ongoing context on the DAR stock, investors can review this news feed for earnings releases, joint venture developments, tax credit transactions, and regulatory filings.
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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.
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Darling Ingredients Inc. (NYSE: DAR) announced the restart of its joint venture, Diamond Green Diesel (DGD), in Norco, Louisiana, with normal operations expected soon. The DGD facility, which produces renewable diesel, has a 400 million gallon expansion project on track to be operational by mid-Q4 2021. Currently, the plant generates approximately 290 million gallons of renewable diesel annually, contributing to a reduction of greenhouse gas emissions by up to 85% compared to fossil fuels. Darling is recognized as a leading producer of sustainable ingredients.
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Darling Ingredients (NYSE: DAR) reported a strong second quarter in 2021 with net income reaching $196.6 million, or $1.17 per diluted share, on net sales of $1.2 billion, a significant increase from $848.7 million in the same period last year. The company achieved a record adjusted EBITDA of $353.7 million, driven by its Global Ingredients business and the renewable diesel JV, DGD, which contributed $132 million. Darling increased its full-year EBITDA guidance to $1.275 billion.