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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) reported a strong second quarter in 2021 with net income reaching $196.6 million, or $1.17 per diluted share, on net sales of $1.2 billion, a significant increase from $848.7 million in the same period last year. The company achieved a record adjusted EBITDA of $353.7 million, driven by its Global Ingredients business and the renewable diesel JV, DGD, which contributed $132 million. Darling increased its full-year EBITDA guidance to $1.275 billion.
Darling Ingredients Inc. (NYSE: DAR) will conduct a conference call on August 11, 2021, to discuss its Q2 2021 financial results. The call, hosted by CEO Randall Stuewe and CFO Brad Phillips, starts at 9:00 a.m. ET. A slide presentation will complement their remarks, available on the investor relations section of the company's website. The related press release will be issued post-market on August 10, 2021. Participants can pre-register for the call, or dial in using provided numbers. Replay access will be available until August 18, 2021.
Darling Ingredients' Sonac Functional Products has inaugurated a new facility, the Sonac Product and Application Research Center (SPARC), in the Netherlands on July 22, 2021. This advanced center aims to support clients in developing innovative meat and savory products by experimenting with Sonac's QRange animal proteins. SPARC features industrial-grade equipment for large-scale testing, allowing food professionals to enhance their recipes. The facility promotes collaboration and sustainable product development, reflecting Darling's commitment to producing reliable ingredients from animal sources.
Darling Ingredients Inc. (NYSE: DAR) has appointed Enderson Guimaraes as an independent director on its Board and Audit Committee, effective immediately. This increases the total number of board members to ten. Guimaraes has extensive global experience, previously serving in key roles at PepsiCo and Laureate Education. Chairman and CEO Randall C. Stuewe expressed enthusiasm about Guimaraes' appointment, highlighting his robust skill set and experience in supporting the company's growth strategy.
Darling Ingredients Inc. (NYSE: DAR) announced the launch of X-Pure® GelDAT, a purified, pharmaceutical-grade gelatin designed to enhance clinical translation in biomedical applications. This innovative biomaterial, created by Rousselot, offers guaranteed purity and consistency, addressing the limitations of existing products like GelTYR. X-Pure® GelDAT provides superior adhesion properties and can be produced at scale, reducing the risk of delays in clinical trials. Rousselot aims to collaborate with customers to drive advancements in biomedical research with this unique solution.
Darling Ingredients Inc. (NYSE: DAR) announced participation in the Virtual BMO Conference on May 19, 2021. CEO Randall C. Stuewe and CFO Brad Phillips will host a fireside chat at 1:20 p.m. ET, accessible via the company's Investor Relations website. Darling specializes in sustainable protein and fat products, operating on five continents and known for its renewable energy production. The company was recognized as one of the 50 Sustainability and Climate Leaders in 2021, highlighting its commitment to environmental stewardship.
Darling Ingredients Inc. (NYSE: DAR) reported a strong first quarter of 2021, achieving a net income of $151.8 million, or $0.90 per diluted share, up from $85.5 million year-over-year. Net sales reached $1.05 billion, compared to $852.8 million in Q1 2020. The company's combined adjusted EBITDA of $284.8 million represents a significant increase from $213.3 million last year. The performance of Diamond Green Diesel, reporting a record $2.77 EBITDA per gallon, contributed $108.2 million to the fuel segment. Darling has raised its 2021 combined adjusted EBITDA guidance to $1.075 billion to $1.150 billion.
Darling Ingredients Inc. (NYSE: DAR) will host a conference call on May 12, 2021, at 9:00 a.m. ET to discuss its Q1 2021 financial results. The call will be led by CEO Randall C. Stuewe and CFO Brad Phillips. A slide presentation will accompany the remarks, available on the investor relations section of their website. A related press release will be issued on May 11, after market close. Registered participants will receive details to join the call, and a replay will be available until May 19.
Darling Ingredients' Rousselot brand has reopened an upgraded innovation lab in Amparo, Brazil, aimed at enhancing application support for food, nutrition, and pharmaceutical markets. The lab, strategically located on the Peptan collagen manufacturing site, will provide tailored formulation support, enabling local customers to develop products across various applications. The expansion aligns with Rousselot's commitment to innovation and global market trends, focusing on collagen products for mobility and beauty, as well as pharmaceutical supplements. This development reinforces Rousselot's position in the collagen-based solutions market.
Darling Ingredients Inc. (NYSE: DAR) partnered with Wendy's to produce 2.8 million gallons of renewable diesel from 24 million pounds of used cooking oil in 2020. This renewable diesel significantly reduces greenhouse gas emissions by up to 85% compared to traditional petroleum diesel. The collaboration involves DAR PRO Solutions, which collects used cooking oil from Wendy's locations in the U.S. and Canada, processing it at Darling's Diamond Green Diesel plant in Norco, Louisiana. This effort supports sustainability initiatives for both companies.
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