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 (NYSE: DAR) has released preliminary information about its Q4 and fiscal year 2024 performance through its Diamond Green Diesel (DGD) joint venture. The JV partner reported renewable diesel segment operating income of $170 million for Q4 2024 and $507 million for the full year. DGD experienced a lower of cost-or-market adjustment of $118 million in Q4 and $176 million for the full year.
DGD sold 292.8 million gallons of renewable fuels in Q4 and 1.25 billion gallons for the full year 2024. The Q4 EBITDA per gallon was $0.40 ($0.81 excluding LCM), while the full-year EBITDA per gallon was $0.46 ($0.60 excluding LCM). The company's core business had its strongest quarterly performance in Q4 2024, with management noting strong momentum entering 2025.
The company will host an earnings conference call on February 6, 2025, to discuss detailed financial results and provide its 2025 outlook.
Darling Ingredients (NYSE: DAR), a global leader in converting food waste into sustainable products and renewable energy, has achieved its first-ever ISS ESG Prime status. The company improved its ESG Corporate Rating to B- and ranks in the top 10% of companies within its industry.
This recognition from ISS ESG, the responsible investment arm of proxy advisory firm ISS, highlights Darling's strong sustainability strategy focusing on financial and impact materiality. Key achievements outlined in their recent sustainability report include:
- Setting Scope 1 and 2 emissions reduction goals
- Completing a full inventory of Forest, Land Use and Agriculture emissions
- Increasing women representation in senior management
- Mapping biodiversity risks across U.S. operations to assess species richness and habitat availability
Darling Ingredients (NYSE: DAR) announced significant leadership changes. Brad Phillips, Executive VP and CFO, will retire after 36 years, effective June 15, 2025. Robert Day, current Executive VP and Chief Strategy Officer, will become CFO after the 2024 Form 10-K filing (expected Feb. 25, 2025). Sandra Dudley will be promoted to Executive VP, Renewables and Chief Strategy Officer. Carlos Paz will join as Executive VP, Global Risk Management, Ingredients.
Day joined in 2023 with previous experience at Ascendant Partners and Ceres Global Ag Corp. Dudley, who joined in 2015, currently oversees the Diamond Green Diesel joint venture and specialty operations. Paz comes from Ceres Global Ag Corp., bringing over 20 years of experience from Cargill in trading and merchandising.
Darling Ingredients announced that Avfuel received its first delivery of sustainable aviation fuel (SAF) produced by Diamond Green Diesel (DGD), a joint venture between Darling and Valero Energy. Naples Aviation became the first location in eastern US to offer DGD's SAF for general sale.
The SAF, produced from waste-based feedstocks like used cooking oil, animal tallow, and distiller's corn oil, can reduce greenhouse gas emissions by up to 80% compared to conventional jet fuel. DGD's Port Arthur facility made its first SAF shipment on Nov. 16, with approximately 50% of its 470 million gallon annual capacity converted to SAF production.
Darling Ingredients (NYSE: DAR) announced that Diamond Green Diesel (DGD), its 50/50 joint venture, has received Excise Tax Registration approval from the Internal Revenue Service. This registration is a key requirement for claiming the Internal Revenue Code 45Z credit. The company's CEO, Randall C. Stuewe, highlighted this as the first step toward monetizing the 45Z Producer's Tax Credit and expressed optimism about forthcoming guidance regarding 45Z.
Darling Ingredients (NYSE: DAR) has unveiled DarLinQ, an innovative technology using sonar and Bluetooth for real-time monitoring of used cooking oil (UCO) storage containers. The system enhances operational efficiency and security through continuous oil-level monitoring and automated equipment.
This patented technology addresses the significant challenge of UCO theft, which costs up to $75 million annually in the United States according to the National Renderers Association. DarLinQ provides real-time theft alerts and prevention features, already proven successful through pilot programs. The company is rolling out this technology across its network of over 200,000 restaurant and kitchen facilities in the U.S. through its DAR PRO Solutions brand.
Darling Ingredients (NYSE: DAR) has announced its participation in the upcoming Jefferies Renewables & Clean Energy Conference on December 4, 2024. The company, which specializes in converting food waste into sustainable products and renewable energy, will engage in investor meetings during the event. Chairman and CEO Randall C. Stuewe will participate in a fireside chat scheduled for 9:30 a.m. ET. Interested parties can access webcast details and registration information through the company's website at darlingii.com/events.
Darling Ingredients (NYSE: DAR) reported Q3 2024 net income of $16.9 million, or $0.11 per diluted share, down from $125.0 million ($0.77 per share) in Q3 2023. Total net sales decreased to $1.4 billion from $1.6 billion year-over-year. The decline was primarily attributed to sharp decreases in fat prices and lower Diamond Green Diesel earnings.
Combined adjusted EBITDA was $236.7 million, compared to $334.3 million in Q3 2023. The company received $111.2 million in cash dividends from Diamond Green Diesel, which sold 316.6 million gallons of renewable diesel at $0.25 per gallon EBITDA. Darling reduced debt by approximately $192 million and expects full-year 2024 combined adjusted EBITDA between $1.15-1.175 billion.
Darling Ingredients (NYSE: DAR) has announced the publication of preclinical and clinical studies in the Wiley Journal of Food Science and Nutrition, focusing on the impact of a specific collagen peptide composition on post-meal blood glucose spikes. The studies involve Nextida GC™, the first product in Rousselot's Nextida library, which has shown significant potential in mitigating post-meal glucose spikes in healthy individuals.
In the clinical trial, participants who consumed 5- or 10-gram doses of Nextida GC 30 minutes before a meal experienced a 42% reduction in blood glucose spike on average after the meal. This research supports Darling Ingredients' commitment to developing new collagen-based products with health benefits beyond traditional ones, meeting the growing consumer demand for natural and effective health solutions.
Darling Ingredients Inc. (NYSE: DAR) has announced it will release its third quarter 2024 financial results on Thursday, October 24, 2024. The company will host a conference call at 9 a.m. Eastern Time (8 a.m. Central Time) on the same day to discuss the results and provide an update on company operations. A presentation with supplemental financial data will be available on the company's investor website.
To access the call, listeners can register for an audio-only webcast. Participants wishing to ask questions can register in advance for dial-in details or call specific numbers on the day. A replay of the call will be available online and via phone until October 31, 2024, using the reference passcode 1857635.