Darling Ingred Stock Price, News & Analysis

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.

Darling Ingredients Inc. (NYSE: DAR) announced its participation in the Virtual Roth Conference on March 17, 2021, at 9:30 a.m. ET. The event will feature a virtual fireside chat with Randall C. Stuewe, Chairman and CEO, alongside Brad Phillips, CFO. Investors can access the webcast through the Investor Relations section of the Darling Ingredients website.

Darling is a leading producer of sustainable organic ingredients and renewable energy, operating globally to convert agri-food waste into valuable products.