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 announced a target to reduce Scope 1 and 2 emissions by 42% by 2030, aligning with its commitment to the Science Based Targets initiative (SBTi). This goal is highlighted in the company's 2023 Sustainability Progress Report, which outlines key environmental, social, and governance achievements.
Notable accomplishments in 2023 include:
- Disclosure of Scope 3 emissions inventory from Forest, Land and Agriculture sources
- Construction of a new Sustainable Aviation Fuel unit at the Diamond Green Diesel joint venture
- Increased representation of women in senior management
- Continued partnership with FFA, donating over $270,000
- Proactive mapping of biodiversity risks across U.S. operations
Darling Ingredients plans to submit Scope 1, 2, and 3 targets to SBTi for validation by the end of 2024, as part of its aspiration to achieve net zero emissions by 2050.
Darling Ingredients Inc. (NYSE: DAR) announced the retirement of long-time board member Michael E. Rescoe. Rescoe served on the board from 2011 to 2014 and again from 2017 until his recent retirement. Chairman and CEO Randall C. Stuewe praised Rescoe's contributions, highlighting his role in transforming the company and expanding its global footprint. Rescoe's diverse experience across finance, energy, technology, development, and manufacturing sectors was instrumental in guiding Darling Ingredients through significant growth in various business initiatives during his tenure.
Darling Ingredients Inc. (NYSE: DAR) reported Q2 2024 net income of $78.9 million, or $0.49 per diluted share, down from $252.4 million in Q2 2023. Net sales decreased to $1.5 billion from $1.8 billion year-over-year. The decline was primarily due to lower fat prices and reduced earnings from Diamond Green Diesel (DGD). Combined adjusted EBITDA was $273.6 million, compared to $508.3 million in Q2 2023.
Key highlights:
- DGD sold 311.5 million gallons of renewable diesel at $0.49/gallon EBITDA
- Received $77.1 million cash dividend from DGD
- Repurchased $29.2 million of common stock
- Reaffirmed FY2024 guidance of $1.3-$1.4 billion combined adjusted EBITDA
The company remains focused on debt reduction and margin improvement through cost-cutting measures.
Darling Ingredients (NYSE: DAR) will release its Q2 2024 financial results on July 25, 2024, followed by a conference call at 9 a.m. Eastern Time.
The call will provide an update on company operations and include a presentation with supplemental financial data, available on their investor website.
To participate in the call or ask questions, pre-registration is required. An audio-only webcast will be accessible for listeners, with a replay option available until August 1, 2024.
GreenGasUSA and Darling Ingredients (NYSE: DAR) have announced a partnership to produce renewable natural gas (RNG) and capture CO2 from wastewater streams at Darling's U.S. facilities.
This collaboration aims to significantly reduce greenhouse gas (GHG) emissions through the installation of gas upgrading and CO2 capture systems. The project will also generate beneficial co-products, making it a sustainable initiative.
Darling Ingredients focuses on repurposing waste, while GreenGasUSA specializes in producing RNG from waste streams. The partnership seeks to accelerate innovative waste management solutions and deliver environmental benefits.
South Carolina Commissioner of Agriculture Hugh Weathers supports this initiative, highlighting the agricultural sector's role in advancing the clean energy economy.
Darling Ingredients (NYSE: DAR) announced a new initiative to reduce emissions from its wastewater treatment plants by converting biogas into renewable natural gas (RNG) through a partnership with GreenGasUSA. This project will initially focus on five of Darling's rendering facilities in the U.S., with potential expansion based on feasibility and market conditions. CEO Randall C. Stuewe emphasized the company's commitment to sustainability and leveraging its expertise in RNG. GreenGasUSA's CEO Marc Fetten highlighted the economic and environmental benefits of the partnership, aligning with both companies' goals of repurposing waste into valuable resources.
Darling Ingredients Inc. (NYSE: DAR) will participate in upcoming conferences including the BMO Global Farm to Market Conference and TD Cowen 2nd Annual Virtual Sustainability Week Conference. Chairman and CEO Randall C. Stuewe and Senior VP Suann Guthrie will represent the company in fireside chats and investor meetings.
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