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.
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Darling Ingredients Inc. (NYSE: DAR) announces that it will release its first quarter 2023 financial results on May 9, 2023. A press release will follow after market hours, along with a presentation featuring supplemental financial data available on the company's investors' section. The CEO, Randall C. Stuewe, and CFO, Brad Phillips, will host a live conference call to discuss the results on May 10, 2023, at 8 a.m. CT. Investors can register to participate or listen via audio webcast. Darling Ingredients is a leading company in transforming edible by-products and food waste into sustainable products, with operations across over 15 countries, repurposing around 15% of the global meat industry’s waste into value-added products.
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Darling Ingredients (NYSE: DAR) has completed the acquisition of Gelnex, a major producer of gelatin and collagen, for approximately $1.2 billion in cash. This acquisition, announced in October 2022, enhances Darling's production capacity with the addition of six facilities across the Americas, capable of producing 46,000 metric tons of products annually. Darling anticipates that Gelnex will contribute about $75 million in EBITDA for 2023 after accounting for integration costs. The CEO emphasized that the acquisition will boost capacity to meet the increasing demand for collagen and gelatin products.
Darling Ingredients reported a strong fiscal year 2022, with net income of $737.7 million or $4.49 per diluted share, up from $650.9 million in 2021. Q4 2022 net income was $156.6 million, versus $155.8 million in Q4 2021, with net sales of $1.8 billion, a significant increase from $1.3 billion year-over-year. The company achieved a record combined adjusted EBITDA of $1.541 billion for the year. Key growth initiatives included the startup of a third renewable diesel plant, making Darling the largest renewable diesel producer in North America. Strategic acquisitions expanded its market presence, including entering the rendering business in Brazil and enhancing collagen production.
Darling Ingredients Inc. (NYSE: DAR) announced on February 21, 2023, that it has been selected by Panda Restaurant Group, Inc. to recycle used cooking oil from nearly 2,400 Panda Express locations across the United States. This partnership aims to convert waste into sustainable products, including renewable diesel, which has a lower carbon intensity compared to other feedstocks. Darling's DAR PRO Solutions will manage the collection and storage of this oil, enhancing operational efficiency for Panda Express. Darling Ingredients also continues to expand its renewable diesel production capabilities, positioning itself as a leader in the sector.
Darling Ingredients Inc. (NYSE: DAR), a leader in converting food waste into sustainable products, announced its participation in several upcoming investor conferences. CEO Randall C. Stuewe will take part in discussions at the following events:
- Bank of America Global Agriculture & Materials Conference on March 1 (Renewable Fuels Panel at 10:10 a.m. ET)
- Raymond James 44th Annual Institutional Investors Conference on March 6 (Fireside Chat at 2:50 p.m. ET)
- Scotia Bank 51st Annual Scotia Howard Weil Energy Conference on March 7 (Fireside Chat at 8:30 a.m. ET)
- Piper Sandler 23rd Annual Energy Conference on March 21
Presentations may be accessed via webcast on the company’s investor website.
Darling Ingredients Inc. (NYSE: DAR) has announced a strategic agreement with Cattlemen's Heritage Beef Company to purchase off-take from its upcoming 2,000-head per day beef-processing facility in Mills County, Iowa. This partnership aims to strengthen Darling's capacity to supply high-quality protein and increase feedstock for its renewable diesel production. Additionally, the company plans to expand its Bellevue, Nebraska, rendering plant to boost processing capacity. The Mills County facility is projected to generate approximately 800 jobs and an economic impact of up to $8 billion in Iowa over five years.
Darling Ingredients Inc. (NYSE: DAR) will report its fourth quarter and fiscal year 2022 financial results on February 27, 2023, at 4 PM CT. A live conference call will follow on February 28, 2023, at 8 AM CT, featuring insights from CEO Randall C. Stuewe and CFO Brad Phillips. Shareholders can access the financial data through a press release via PR Newswire, accompanied by supplemental information on the company’s investor website. Darling Ingredients operates over 270 plants worldwide, focusing on transforming food waste into sustainable products, reinforcing its status as a leader in renewable energy and sustainability.
Valero Energy Corporation (NYSE: VLO) and Darling Ingredients Inc. (NYSE: DAR) have finalized their investment decision for a Sustainable Aviation Fuel (SAF) project at the DGD Port Arthur plant, a joint venture between the two companies. The project, estimated to cost