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.
Darling Ingredients reported a fourth quarter 2020 net income of $44.7 million, or $0.27 per diluted share, and adjusted net income of $75.3 million ($0.45/share) after excluding a $30.6 million restructuring charge. Total net sales reached $1.0 billion, up from $859.4 million in Q4 2019. For FY 2020, net income was $296.8 million ($1.78/share) on net sales of $3.6 billion. The company recorded a combined adjusted EBITDA of $214.5 million for Q4 and $841.5 million for FY 2020. Operations of two biodiesel plants were shut down, reallocating resources towards renewable diesel production.
Darling Ingredients Inc. (NYSE: DAR) will host a conference call on March 3, 2021, at 9:00 a.m. ET to discuss its fourth quarter and fiscal year 2020 financial results. CEO Randall Stuewe and CFO Brad Phillips will lead the discussion, followed by a slide presentation available on the investor relations section of their website. An official press release will be released on March 2, 2021, post-market close. Participants can register in advance or dial-in directly. A replay will be accessible until March 10, 2021.
Darling Ingredients Inc. (NYSE: DAR) announced the passing of longtime board member Charles Macaluso on February 22, 2021. Macaluso joined the board in 2002 and was instrumental in the company's growth. He served as Lead Director and Chairman of the Nominating and Corporate Governance Committee. Randall C. Stuewe, CEO, expressed gratitude for Macaluso's contributions and extended condolences to his family. Macaluso had over 20 years of experience as a Principal at Dorchester Capital, LLC, and served on the boards of various public companies.
Darling Ingredients (NYSE: DAR) announced its Rousselot Biomedical brand is participating in the ENLIGHT project, aimed at developing a 3D living model of pancreatic tissue to improve diabetes medication testing. The project, involving eight European partners, has secured a €3.6 million grant from the European Innovation Council under Horizon 2020. Rousselot will utilize its X-Pure® biomaterials for bioprinting, potentially accelerating drug discovery while minimizing animal testing. The initiative hopes to create a functional pancreatic model within four years, contributing to advancements in regenerative medicine.
Darling Ingredients and Valero Energy have received board approval to construct a new renewable diesel facility via their joint venture, Diamond Green Diesel (DGD), at Valero's Port Arthur refinery in Texas. This facility will produce 470 million gallons of renewable diesel annually, set to commence operations in late 2023. Combining this with the existing Norco facility’s capacity, DGD’s total output will reach approximately 1.2 billion gallons. The estimated construction cost is $1.45 billion, shared equally between the partners and funded by internal cash flows.
Darling Ingredients Inc. (NYSE: DAR) announced the launch of Peptan® Marine collagen peptides at the Beauty & Skincare Formulation Conference 2021. This product, sourced from 100% wild-caught marine white fish and certified by the Marine Stewardship Council (MSC), meets rising consumer demand for sustainable beauty and dietary supplements. Peptan® Marine adheres to EU and US regulations and offers traceability, making it appealing to conscientious consumers. The product aims to enhance brands' offerings in the nutricosmetics market, catering to specific dietary needs and preferences.
Darling Ingredients has introduced a new organic fertilizer under its Nature Safe brand, which will prevent 39 million pounds of organic waste annually from reaching landfills. Developed over 17 months and launched in September 2020, the fertilizer repurposes 778,000 pounds of bone chips weekly from its Ravenna, Nebraska pet food facility. The initiative aims to enhance the circular economy and reduce greenhouse gas emissions, contributing to sustainable agriculture and bioenergy.
Darling Ingredients reported a strong third quarter for 2020, with net income of $101.1 million, or $0.61 per diluted share, compared to $25.7 million a year earlier. Net sales increased to $850.6 million from $842.0 million in Q3 2019, aided by better performance in food and fuel segments. Adjusted EBITDA reached $218.5 million, driven by record sales of 80 million gallons of Diamond Green Diesel. The company also paid down $145 million of long-term debt, with total debt at $1.5 billion. Year-to-date net income stands at $252.1 million, up significantly from $70.0 million in 2019.
Darling Ingredients Inc. (NYSE: DAR) is set to hold a conference call on November 4, 2020, at 9:00 a.m. ET to discuss its third quarter 2020 financial results. Hosted by CEO Randall Stuewe and CFO Brad Phillips, the call will be accompanied by a slide presentation accessible via the investor relations section of the company's website. A related press release will be issued after the market closes on November 3, 2020. Participants can register in advance or dial in directly to join the discussion.
Darling Ingredients Inc. (NYSE: DAR) has announced that its joint venture, Diamond Green Diesel (DGD), obtained the air permit from the Texas Commission on Environmental Quality for the DGD III renewable diesel plant in Port Arthur, Texas. Construction aims to produce 400 million gallons of renewable diesel and is on track for a final investment decision in early 2021, with operations expected to commence in 2024. The total DGD capacity is projected to reach 1.1 billion gallons. DGD remains a leader in low-cost renewable fuel production, leveraging a vertically integrated supply chain.
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