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DARLING INGREDIENTS INC. - DAR STOCK NEWS

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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.

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Darling Ingredients Inc. reported a strong fiscal year 2023 with net income of $647.7 million and net sales of $6.8 billion. The company's adjusted EBITDA was $1.61 billion, with a focus on its global ingredients business and Diamond Green Diesel joint venture.
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Darling Ingredients Inc. (NYSE: DAR) will participate in investor meetings and fireside chats at upcoming conferences. Chairman and CEO, Randall C. Stuewe, will engage in discussions at key events to showcase the company's sustainable practices and renewable energy initiatives.
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Darling Ingredients Inc. (DAR) will announce its Q4 and fiscal year 2023 financial results on February 27, 2024. The company's executives will host a conference call on February 28, 2024, to discuss the results.
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Darling Ingredients Inc. (NYSE: DAR) has completed the acquisition of Polish rendering company, Miropasz Group, for a purchase price of €110 million. Miropasz processes approximately 250,000 metric tons of poultry by-products annually through three poultry rendering plants in southeast Poland and has approximately 225 employees. The acquisition is aimed at expanding Darling's worldwide supply of low-carbon feedstocks and integrating with its existing plants in central and western Poland.
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Darling Ingredients Inc. (NYSE: DAR) has released a statement regarding fourth quarter and fiscal year 2023 earnings. The company's joint venture, Diamond Green Diesel (DGD), also released its earnings. Darling Ingredients expects to deliver its sixth consecutive year of record earnings for fiscal year 2023. The core ingredients business performed well in the fourth quarter, with projected strong improvement quarter over quarter. The company is making adjustments to protect margins in the Feed segment, while the Food and Fuel segments are more insulated from commodity volatility.
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Darling Ingredients Inc. (NYSE: DAR) has been recognized by Newsweek as one of America's Most Responsible Companies of 2024, ranking #129 of 600 companies in the US and #13 of 48 companies in the Consumer Goods industry. The company consistently improved its ranking, moving up by more than 60 spots compared to 2023 and over 300 spots compared to 2022. Darling Ingredients is a leading practitioner of circularity, transforming unused resources from the animal agriculture and food industries into valuable ingredients for various applications, including food, animal feed, pet food, fertilizers, and renewable energy production.
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Darling Ingredients Inc. (NYSE: DAR) announced that the U.S. Patent and Trademark Office has granted a patent to its health brand Rousselot for StabiCaps™, a gelatin that improves the stability of soft gel capsules, addressing the common challenge of crosslinking. This innovation is projected to benefit the global soft gel capsules market, which is expected to grow at a compound annual growth rate of 4.3% from 2023 to 2033.
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Darling Ingredients Inc. (NYSE: DAR) announced its participation in upcoming conferences, including the Goldman Sachs Carbonomics Conference and BMO's Growth and ESG Conference, where company executives will engage in panel discussions and fireside chats. The presentations will be available for viewing following the engagements.
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Darling Ingredients Inc. (NYSE: DAR) reported net income of $125.0 million, or $0.77 per GAAP diluted share for Q3 2023, with net sales of $1.6 billion. The company received $62.2 million in cash dividends from Diamond Green Diesel. Combined adjusted EBITDA was $334.3 million, with a leverage ratio of 3.25X as of Sept. 30, 2023.
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Darling Ingredients Inc. (NYSE: DAR) will release its third quarter 2023 financial results on November 7, 2023. The results will be accompanied by a press release via PR Newswire and a presentation with supplemental financial data on the company's website. The Chairman and CEO, Randall C. Stuewe, and the CFO, Brad Phillips, will review the results during a live conference call on November 8, 2023.
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FAQ

What is the current stock price of DARLING INGREDIENTS (DAR)?

The current stock price of DARLING INGREDIENTS (DAR) is $43.05 as of November 15, 2024.

What is the market cap of DARLING INGREDIENTS (DAR)?

The market cap of DARLING INGREDIENTS (DAR) is approximately 6.7B.

What does Darling Ingredients Inc. do?

Darling Ingredients transforms edible and inedible fats and proteins into a wide range of sustainable products for industries such as pharmaceutical, food, pet food, and bioenergy.

Where is Darling Ingredients Inc. headquartered?

Darling Ingredients Inc. is headquartered in Irving, TX, USA.

How many facilities does Darling Ingredients operate?

Darling Ingredients operates over 260 facilities in more than 17 countries.

What are the main business segments of Darling Ingredients?

Darling Ingredients operates in three primary business segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.

What is Diamond Green Diesel?

Diamond Green Diesel (DGD) is a joint venture that produces renewable diesel. It is one of the major renewable energy initiatives of Darling Ingredients.

What recent innovation has Darling Ingredients achieved?

Darling Ingredients recently received a U.S. patent for StabiCaps™ by Rousselot, a gelatin that improves the stability and release of active ingredients in soft gel capsules.

What were Darling Ingredients' financial highlights for 2023?

For fiscal year 2023, Darling Ingredients reported net sales of $6.8 billion and net income of $647.7 million.

How does Darling Ingredients contribute to sustainability?

Darling Ingredients repurposes approximately 15% of the world’s meat industry waste streams into value-added products and is a leading producer of renewable energy.

How many people does Darling Ingredients employ?

Darling Ingredients employs over 10,000 people worldwide.

What is the role of Rousselot in Darling Ingredients' business?

Rousselot is a health brand under Darling Ingredients that specializes in producing high-quality gelatin solutions, including the innovative StabiCaps™, for the pharmaceutical and nutra markets.

DARLING INGREDIENTS INC.

NYSE:DAR

DAR Rankings

DAR Stock Data

6.72B
159.05M
1.04%
100.97%
6.9%
Packaged Foods
Fats & Oils
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United States of America
IRVING