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Darling Ingredients Inc. (NYSE: DAR) is a global leader in transforming both edible and inedible fats and proteins into a wide range of sustainable products. With over 130 years of expertise, the company serves various industries including pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer. Headquartered in Irving, TX, Darling Ingredients operates a vast international network of more than 260 facilities spread across 17 countries, employing over 10,000 people dedicated to creating sustainable solutions for a growing global population.
The company’s core operations focus on collecting and transforming animal by-products into valuable ingredients such as gelatin, fats, proteins, fertilizers, and pet food ingredients. Additionally, Darling Ingredients recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. The company operates three primary business segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients, with the majority of its revenue generated from customers in North America.
Among its notable achievements, Darling Ingredients is also a major player in the renewable energy sector through its joint venture, Diamond Green Diesel (DGD), which produces renewable diesel. In the third quarter of 2023 alone, DGD sold 266.8 million gallons of renewable diesel. For the fiscal year 2023, the company reported net sales of $6.8 billion and net income of $647.7 million.
Recent innovations include the granting of U.S. Patent No. 11795489B2 to its health brand Rousselot for StabiCaps™, a specialized gelatin that enhances the stability and release of active ingredients in soft gel capsules. This patent secures Rousselot’s intellectual property rights, further solidifying Darling Ingredients’ position as a leader in sustainable and innovative solutions.
As a publicly traded company on the NYSE, Darling Ingredients continues to demonstrate strong financial performance despite market volatility. The company actively engages in sustainable practices, repurposing approximately 15% of the world’s meat industry waste streams into value-added products. Looking forward, Darling Ingredients remains optimistic about its future, bolstered by a vertically integrated business model and a commitment to sustainability.
Darling Ingredients (NYSE: DAR) has appointed Soren Schroder as an independent director to its board, effective immediately. Schroder will serve on both the compensation and audit committees. He brings significant experience from his tenure as CEO of Bunge Global SA from 2013-2019, where he previously served as CEO of Bunge North America from 2010 to 2013, managing operations across the United States, Canada, and Mexico.
Prior to his roles at Bunge, Schroder accumulated over 15 years of experience at Continental Grain Company and Cargill. His appointment brings valuable expertise in operations, strategic leadership, financial management, and corporate governance to Darling Ingredients' board.
Darling Ingredients (NYSE: DAR) and GreenGasUSA have announced their first successful renewable natural gas (RNG) deliveries from their Dublin, Georgia facility. The project converts biogas from Darling's rendering facility wastewater streams into pipeline-quality RNG, which is now being injected into the City of Dublin's natural gas pipeline.
This initiative creates a new revenue stream while reducing Scope 1 emissions for Darling Ingredients. The project marks the first RNG collaboration between the two companies, focusing on waste repurposing for renewable energy production, delivering both environmental and economic benefits to the local community.
The companies plan to evaluate expanding this RNG production method to other facilities, based on feasibility and market conditions. The partnership aims to reduce greenhouse gas emissions, support agricultural markets, and deliver renewable energy across the United States.
Darling Ingredients (NYSE: DAR) has initiated the production of renewable natural gas (RNG) from wastewater at its Dublin, Georgia rendering facility. In collaboration with GreenGasUSA, the RNG is being injected into Dublin's natural gas distribution system and purchased by the Municipal Gas Authority of Georgia.
This initiative serves multiple purposes: reducing the company's Scope 1 emissions, creating a new revenue stream, and supporting sustainability goals. The project converts methane from wastewater treatment into valuable RNG, which is then integrated into the existing natural gas energy grid, generating thermal energy credits.
The company plans to expand this RNG production method to other rendering plants across the United States, subject to feasibility and market conditions.
Darling Ingredients (NYSE: DAR), a global leader in converting food waste into sustainable products and renewable energy, has announced its participation in several upcoming investor conferences. The company will attend five major events:
• BofA Securities Global Ag and Materials Conference in Fort Lauderdale (Feb 26) - Renewable Fuel Panel at 2:45 PM ET
• Scotia Bank Howard Weil Energy Conference in Miami (Feb 27) - Fireside chat at 10:30 AM ET
• Raymond James Institutional Investors Conference in Orlando (Mar 3) - Fireside chat at 2:15 PM ET
• Citi Consumer Conference in Miami (Mar 10)
• Piper Sandler Energy Conference in Las Vegas (Mar 17)
Interested parties can find additional event details and webcast information on the company's website at darlingii.com/events.
Darling Ingredients (DAR) reported Q4 2024 net income of $101.9 million ($0.63 per share), up from $84.5 million ($0.52 per share) in Q4 2023. Total net sales were $1.4 billion for Q4 2024, down from $1.6 billion in Q4 2023.
For fiscal year 2024, the company reported net sales of $5.7 billion, compared to $6.8 billion in 2023. Net income for FY2024 was $278.9 million ($1.73 per share), down from $647.7 million ($3.99 per share) in FY2023.
Combined Adjusted EBITDA for Q4 2024 was $289.5 million, compared to $350.9 million in Q4 2023. Diamond Green Diesel (DGD) sold 293.8 million gallons of renewable diesel in Q4 at $0.40 per gallon EBITDA, contributing $68.6 million in cash dividends to Darling. The company provided 2025 guidance of $1.25-1.30 billion Combined Adjusted EBITDA.
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.
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