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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 Inc. (NYSE: DAR) has successfully closed a private offering of $250 million in unsecured senior notes due 2030. This offering adds to the previously issued $750 million in senior notes from June 2022, all bearing a 6% interest rate payable semi-annually. Proceeds from this offering will be used for general corporate purposes, including debt repayment and associated costs. The notes will be offered to qualified institutional buyers under SEC regulations but will remain unregistered.
Darling Ingredients (NYSE: DAR) announced the pricing of a private offering of $250 million in 6% unsecured senior notes due 2030. These add-on notes will be issued under the same indenture as Darling's previously issued $750 million senior notes. The offering is priced at 102.0% of the principal amount and is expected to close on or about August 17, 2022. Proceeds will be used for general corporate purposes, including debt repayment and associated costs. The notes will be offered solely to qualified institutional buyers under Rule 144A and will not be registered under the Securities Act.
Darling Ingredients announced a private offering of $250 million in unsecured senior notes, which will be issued alongside the previously released $750 million in senior notes due 2030. The offering aims to facilitate general corporate purposes, including debt repayment, and will be guaranteed by its restricted subsidiaries. These notes will be offered to qualified institutional buyers and are not registered under the Securities Act. The issuance reflects the company's strategy to manage its financial obligations and invest in sustainable products efficiently.
Darling Ingredients reported a record net income of $202 million, or $1.23 per diluted share for Q2 2022, up from $196.6 million in Q2 2021. Net sales reached $1.65 billion, a significant increase from $1.2 billion year-over-year. Combined adjusted EBITDA also set a record at $402.6 million. For the first half of 2022, net income totaled $390 million and net sales were $3 billion. The company repurchased approximately 700,000 shares for $48.7 million during Q2. Acquisitions included Valley Proteins and FASA Group, enhancing market position.
Darling Ingredients Inc. (NYSE: DAR) has successfully acquired FASA Group, Brazil's largest independent rendering company, for approximately R$2.8 billion (about $542.6 million). This acquisition, first announced in May 2022, includes 14 processing plants capable of handling over 1.3 million metric tons annually, with two additional plants under construction. CEO Randall C. Stuewe noted that this move significantly enhances their specialty ingredients business and mitigates supply chain risks by providing low-carbon waste fats for renewable diesel and sustainable aviation fuel production.
Darling Ingredients Inc. (NYSE: DAR) is set to release its second-quarter 2022 financial results on August 9, 2022, at 5 p.m. ET. A conference call hosted by Randall C. Stuewe, CEO, and Brad Phillips, CFO, will occur on August 10, 2022, at 9 a.m. ET. Interested participants can register in advance due to high call volume. The company, recognized as a sustainability leader, operates over 250 plants globally and converts significant meat industry waste into renewable products including energy and pet food ingredients.
Darling Ingredients Inc. (NYSE: DAR) has closed a private offering of $750 million in unsecured senior notes due 2030, with a 6% annual interest rate payable semi-annually. The proceeds will be utilized for general corporate purposes, including acquisitions, debt repayment, and capital expenditures. The notes will be offered to qualified institutional buyers under Rule 144A and will not be registered under the Securities Act. The offering aims to strengthen financial flexibility amidst potential market volatility and operational challenges in the industry.
Darling Ingredients Inc. (NYSE: DAR), a leader in transforming food waste into sustainable products, will participate in a virtual fireside chat at the Cowen Next-Gen Fuel Summit on June 16, 2022, at 8 a.m. ET. Randall C. Stuewe, Chairman and CEO, will represent the company. The event will focus on renewable diesel and sustainable aviation fuel. Interested parties can access the live webcast through the Investor Relations section on darlingii.com.
Darling Ingredients Inc. (NYSE: DAR) has priced its private offering of $750 million in 6.00% unsecured senior notes due 2030, increased from a prior amount of $500 million. The initial offering price is set at 100% of the principal amount, with closing expected on or about June 9, 2022. The funds from the offering will be used for general corporate purposes, including acquisitions and debt repayment, as well as covering associated costs. The notes will be offered to qualified institutional buyers in compliance with securities regulations.
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