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 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.
Darling Ingredients Inc. (NYSE: DAR) announced the amendment and extension of its $1.0 billion Senior Secured Credit Facility, extending the maturity date from December 16, 2021 to September 18, 2025. The changes include increases in leverage ratios, modifications of negative covenants, and collateral release mechanisms, enhancing the company's financial flexibility. CEO Randall C. Stuewe expressed confidence in the company's growth strategy, highlighting the strong balance sheet and liquidity position facilitated by this credit facility amendment.
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Darling Ingredients reported a net income of $65.4 million or $0.39 per diluted share for Q2 2020, up from $26.3 million or $0.16 per diluted share in Q2 2019. Net sales reached $848.7 million, a 2.6% increase year-over-year. The company achieved combined adjusted EBITDA of $195.2 million, reflecting a growth of $35.8 million compared to Q2 2019. Strong performance from the feed segment and $80 million distribution from the Diamond Green Diesel joint venture contributed positively, while ongoing capital expenditure deferral amid COVID-19 remains a strategic focus.
Darling Ingredients Inc. (NYSE: DAR) will host a conference call on August 6, 2020, at 9:00 a.m. ET to discuss its Q2 2020 financial results. The call will feature CEO Randall Stuewe and CFO Brad Phillips. A slide presentation will accompany the call, accessible through the investor relations section of the company’s website. The related press release will be issued after market close on August 5, 2020. Participants can pre-register for the call or dial in directly, with options for both U.S. and international callers.
Darling Ingredients Inc. (NYSE: DAR) announced the launch of X-Pure® GelMA at Bio Digital 2020, marking the introduction of the first GMP-ready gelatin methacryloyl biomaterials suitable for clinical applications. This ultra-pure solution addresses the limitations of standard GelMA products, featuring low levels of impurities that can affect in-body and in vitro applications. With its unique two-stage purification process, X-Pure® GelMA promises consistent quality and safety, supporting 3D bioprinting and regenerative medicine. The product is poised to meet the growing needs of the biomedical sector.
Darling Ingredients Inc. (NYSE: DAR) announced the commissioning of a new collagen peptides production facility in Ghent, Belgium. This facility exclusively produces porcine collagen and is part of Rousselot's strategy to expand global hydrolyzed collagen production. With the first commercial batches ready for delivery in July, the facility enhances Rousselot's capabilities alongside existing operations in Brazil and France. Additionally, construction continues for a new facility in Brazil, expected to be completed in October 2020, further solidifying Darling's position in the collagen market.