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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 Inc. (NYSE: DAR) reported strong Q3 2021 results with net income of $146.8 million ($0.88 per diluted share) on net sales of $1.2 billion, up from $851 million year-over-year. Adjusted EBITDA for the quarter was $289.6 million, reflecting a 32.8% increase compared to Q3 2020. The renewable diesel joint venture, Diamond Green Diesel, contributed $60 million of EBITDA. Year-to-date net sales reached $3.4 billion, driven by solid demand for protein products and low-carbon feedstocks. Darling also repurchased $22 million of common stock in Q3.
Darling Ingredients Inc. (NYSE: DAR) will host a conference call on November 10, 2021, at 9:00 a.m. ET to discuss its third quarter 2021 financial results. CEO Randall Stuewe and EVP Brad Phillips will lead the call. A related press release will be issued after market close on November 9, 2021. Participants can register in advance for the call or dial in directly. Darling Ingredients is recognized for producing sustainable proteins and fats, and it operates globally, including a joint venture in renewable diesel manufacturing, significantly reducing greenhouse gas emissions.
Darling Ingredients Inc. (NYSE: DAR) awarded over $200,000 in scholarships and grants to members of the National Future Farmers of America (FFA) Association in 2021. Each of the 11 scholarship recipients received $10,000, while additional state grants supported agriculture-based student projects. This initiative is part of a larger commitment, with $1.5 million awarded to FFA members in the past year. The announcement coincides with the 94th National FFA Convention & Expo in Indianapolis, where Darling is actively participating.
Darling Ingredients Inc. (NYSE: DAR) has appointed Celeste A. Clark, Ph.D., to its Board of Directors, expanding the board to ten members. Dr. Clark, an independent director, brings over 35 years of experience in nutrition and sustainability from her previous roles at Kellogg Company and her consulting firm. She is expected to contribute significantly to the company's environmental, social, and governance (ESG) initiatives. Randall C. Stuewe, CEO, highlighted her expertise as vital for enhancing ESG messaging and the Rousselot® brand Peptan products.
Darling Ingredients Inc. (NYSE: DAR) announced that Kerry Courchaine, its Director of Technical Services Quality Assurance, has joined the National FFA Foundation Sponsors Board. Courchaine's involvement will focus on fundraising initiatives for FFA, which has over 730,000 members across the U.S. and territories. With a background in Animal Science and experience in the agriculture industry, Courchaine aims to support young agriculturists. The announcement precedes the 94th National FFA Convention & Expo, where Darling will participate with a dedicated booth to engage with attendees.
Darling Ingredients Inc. (NYSE: DAR) has promoted Sandy Dudley to Executive Vice President of Renewables and U.S. Specialty Operations. In her new role, Ms. Dudley will oversee the company's renewable fuel strategy and U.S. Specialty Operations, which include various nutrient production for wet pet food and organic fertilizers. Her experience is expected to drive growth, particularly in restaurant services that integrate with Diamond Green Diesel, the joint venture focusing on renewable diesel production.
Darling Ingredients Inc. (NYSE: DAR) announced the restart of its joint venture, Diamond Green Diesel (DGD), in Norco, Louisiana, with normal operations expected soon. The DGD facility, which produces renewable diesel, has a 400 million gallon expansion project on track to be operational by mid-Q4 2021. Currently, the plant generates approximately 290 million gallons of renewable diesel annually, contributing to a reduction of greenhouse gas emissions by up to 85% compared to fossil fuels. Darling is recognized as a leading producer of sustainable ingredients.
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