Darling Ingred Stock Price, News & Analysis

Darling Ingredients (NYSE: DAR) announced the U.S. Patent and Trademark Office granted Patent No. 11,490,634 to its health brand Rousselot for SiMoGel™, a new gelatin technology. This innovation allows the production of nutraceutical gummies without starch-based trays, reducing setting time from 24 hours to less than 30 minutes. The nutraceutical gummy market is projected to grow at a CAGR of 15% from 2021-2023, highlighting significant demand. In November 2021, the company also secured a patent from the European Patent Office for SiMoGel.

Darling Ingredients (NYSE: DAR) announced the retirement of Jos Vervoort as Executive Vice President of Rousselot, effective June 30, 2023, after 16 years of service. Jeroen Colpaert will succeed him starting January 2, 2023. Vervoort significantly contributed to Rousselot's growth, making it a leader in collagen peptides. Colpaert, currently Managing Director of Rendering and Specialties, brings over 25 years of operational and leadership experience. He will oversee Rousselot's global expansion, including the Gelnex acquisition pending regulatory approval.

Darling Ingredients (NYSE: DAR) reported a strong Q3 2022 with a net income of $191 million, translating to $1.17 per diluted share, up from $146.8 million or $0.88 in Q3 2021. Net sales reached $1.7 billion, compared to $1.2 billion a year earlier. Adjusted EBITDA for the quarter was $394.7 million, a significant increase from $289.6 million in Q3 2021. The company repurchased $37.2 million worth of stock, contributing to a total of $103.1 million repurchased YTD. With $126.1 million in cash and significant acquisitions underway, Darling anticipates strong continued performance as it reaffirms its EBITDA forecast for 2022.

Darling Ingredients Inc. (NYSE: DAR) has announced its agreement to acquire Polish rendering company Miropasz Group for approximately €110 million. Miropasz processes 250,000 metric tons of poultry waste annually through three plants in Poland and employs around 225 people. This acquisition is expected to enhance Darling's operations in Poland, complementing its existing plants while supporting its commitment to sustainable feedstocks. The transaction is anticipated to close in Q3 2023, subject to customary conditions.

Darling Ingredients Inc. (NYSE: DAR), a leader in transforming food waste into sustainable products, will participate in the Stephens Annual Investment Conference on November 17, 2022, at 11 a.m. ET. The chat will feature Randall C. Stuewe, Chairman and CEO, and will be available for webcast on the company's Investor Relations section. Darling operates over 250 plants globally, repurposing around 15% of the world's meat industry waste into valuable products like renewable energy and animal feed.

Darling Ingredients Inc. (NYSE: DAR) will release its third quarter 2022 financial results on November 8, 2022, at 4 p.m. CT. A teleconference will follow on November 9, 2022, at 8 a.m. CT, hosted by Chairman and CEO Randall C. Stuewe and CFO Brad Phillips. Participants can register in advance for the conference or dial in using the provided numbers. Darling Ingredients is recognized as a sustainability leader, operating over 250 plants globally and repurposing around 15% of the world's meat industry waste into valuable products.

Darling Ingredients Inc. (NYSE: DAR) announced its agreement to acquire Gelnex, a Brazilian collagen producer, for approximately $1.2 billion. This acquisition aims to bolster Darling's capacity in the collagen market, anticipated to grow significantly in demand over the next five years. Gelnex produces 46,000 metric tons of collagen products annually, exporting to over 60 countries. The deal is expected to close in Q1 2023 and will enhance Darling's production capabilities in South America, catering to the rising global demand for collagen in health and nutrition.