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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.
Valero Energy Corporation (NYSE: VLO) and Darling Ingredients Inc. (NYSE: DAR) have finalized their investment decision for a Sustainable Aviation Fuel (SAF) project at the DGD Port Arthur plant, a joint venture between the two companies. The project, estimated to cost
On January 31, 2023, Darling Ingredients (NYSE: DAR) and Valero Energy (NYSE: VLO) announced the final investment decision for a Sustainable Aviation Fuel (SAF) project at the Diamond Green Diesel (DGD) Port Arthur plant. The project, costing approximately $315 million, aims to upgrade 50% of the plant's 470 million gallon annual capacity to SAF by 2025, establishing DGD as a leading SAF manufacturer globally. CEO Randall C. Stuewe emphasized the significance of this venture in advancing their growth in aviation fuel and enhancing renewable energy solutions.
Darling Ingredients Inc. (NYSE: DAR) announced the retirement of long-time board member Mary Korby, effective at the 2023 Annual Meeting of Stockholders. Ms. Korby will remain a director until then, having served on the board since 2014, contributing significantly to the company's growth in international law and global expansion. Additionally, Larry A. Barden has been elected as an independent director, expanding the board to 11 members. Mr. Barden brings extensive legal and executive experience, having served as Chairman of the Management Committee at Sidley Austin LLP.
Darling Ingredients Inc. (NYSE: DAR) announced that Randall C. Stuewe, Chairman and CEO, will participate in a fireside chat at the Goldman Sachs Global Energy and Clean Technology Conference at 2:20 p.m. ET on January 5, 2023. The event will be webcast and accessible via the Investor Relations section of the company's website. Darling Ingredients is a leader in converting food waste into sustainable products and renewable energy, operating over 270 facilities in 17 countries, repurposing approximately 15% of the global meat industry's waste streams.
Darling Ingredients (NYSE: DAR) announced the U.S. Patent and Trademark Office granted Patent No. 11,490,634 to its health brand Rousselot for SiMoGel™, a new gelatin technology. This innovation allows the production of nutraceutical gummies without starch-based trays, reducing setting time from 24 hours to less than 30 minutes. The nutraceutical gummy market is projected to grow at a CAGR of 15% from 2021-2023, highlighting significant demand. In November 2021, the company also secured a patent from the European Patent Office for SiMoGel.
Darling Ingredients (NYSE: DAR) announced the retirement of Jos Vervoort as Executive Vice President of Rousselot, effective June 30, 2023, after 16 years of service. Jeroen Colpaert will succeed him starting January 2, 2023. Vervoort significantly contributed to Rousselot's growth, making it a leader in collagen peptides. Colpaert, currently Managing Director of Rendering and Specialties, brings over 25 years of operational and leadership experience. He will oversee Rousselot's global expansion, including the Gelnex acquisition pending regulatory approval.
Darling Ingredients (NYSE: DAR) reported a strong Q3 2022 with a net income of $191 million, translating to $1.17 per diluted share, up from $146.8 million or $0.88 in Q3 2021. Net sales reached $1.7 billion, compared to $1.2 billion a year earlier. Adjusted EBITDA for the quarter was $394.7 million, a significant increase from $289.6 million in Q3 2021. The company repurchased $37.2 million worth of stock, contributing to a total of $103.1 million repurchased YTD. With $126.1 million in cash and significant acquisitions underway, Darling anticipates strong continued performance as it reaffirms its EBITDA forecast for 2022.
Darling Ingredients Inc. (NYSE: DAR) has announced its agreement to acquire Polish rendering company Miropasz Group for approximately €110 million. Miropasz processes 250,000 metric tons of poultry waste annually through three plants in Poland and employs around 225 people. This acquisition is expected to enhance Darling's operations in Poland, complementing its existing plants while supporting its commitment to sustainable feedstocks. The transaction is anticipated to close in Q3 2023, subject to customary conditions.
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