Welcome to our dedicated page for DARLING INGREDIENTS news (Ticker: DAR), a resource for investors and traders seeking the latest updates and insights on DARLING INGREDIENTS stock.
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) 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.
EnviroFlight, a division of Darling Ingredients (NYSE: DAR), announces the establishment of a new R&D and Corporate Center in Apex, North Carolina, to enhance research on black soldier fly larvae. Groundbreaking is set for April 2021, with operations expected to commence in early 2022. This facility will facilitate advancements in animal health, nutrition, and product development, reinforcing EnviroFlight's position as a leader in sustainable insect ingredients in the U.S. The initiative aims to provide eco-friendly solutions in the global animal feed industry.
Darling Ingredients Inc. (NYSE:DAR) announced that its joint venture with Valero Energy, Diamond Green Diesel (DGD), secured a $400 million senior, unsecured revolving credit facility. This facility, arranged by CoBank ACB, matures on March 30, 2024 and is non-recourse to the partners. Funds will support general corporate purposes. DGD, North America's largest renewable diesel producer, currently produces 290 million gallons annually, with plans to expand to 1.2 billion gallons by 2023, significantly reducing greenhouse gas emissions.
FAQ
What is the current stock price of DARLING INGREDIENTS (DAR)?
What is the market cap of DARLING INGREDIENTS (DAR)?
What does Darling Ingredients Inc. do?
Where is Darling Ingredients Inc. headquartered?
How many facilities does Darling Ingredients operate?
What are the main business segments of Darling Ingredients?
What is Diamond Green Diesel?
What recent innovation has Darling Ingredients achieved?
What were Darling Ingredients' financial highlights for 2023?
How does Darling Ingredients contribute to sustainability?
How many people does Darling Ingredients employ?
What is the role of Rousselot in Darling Ingredients' business?
