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Darling Ingredients Inc. (NYSE: DAR) drives global sustainability through innovative conversion of animal by-products and food waste into renewable ingredients. This news hub provides investors and stakeholders with essential updates on the company’s financial performance, operational milestones, and environmental leadership.
Discover timely press releases covering earnings reports, strategic partnerships, and sustainability achievements. Our curated collection includes updates on DAR’s advancements in renewable fuel production, collagen innovations, and circular economy initiatives across its feed, food, and fuel ingredient divisions.
Bookmark this page for direct access to verified information about acquisitions, joint ventures, and R&D breakthroughs. Stay informed about how DAR transforms waste streams into high-value products for pharmaceutical, pet food, and bioenergy markets while maintaining rigorous ESG standards.
Darling Ingredients Inc. (NYSE: DAR), a leader in transforming food waste into sustainable products, will participate in the Stephens Annual Investment Conference on November 17, 2022, at 11 a.m. ET. The chat will feature Randall C. Stuewe, Chairman and CEO, and will be available for webcast on the company's Investor Relations section. Darling operates over 250 plants globally, repurposing around 15% of the world's meat industry waste into valuable products like renewable energy and animal feed.
Darling Ingredients Inc. (NYSE: DAR) will release its third quarter 2022 financial results on November 8, 2022, at 4 p.m. CT. A teleconference will follow on November 9, 2022, at 8 a.m. CT, hosted by Chairman and CEO Randall C. Stuewe and CFO Brad Phillips. Participants can register in advance for the conference or dial in using the provided numbers. Darling Ingredients is recognized as a sustainability leader, operating over 250 plants globally and repurposing around 15% of the world's meat industry waste into valuable products.
Darling Ingredients Inc. (NYSE: DAR) announced its agreement to acquire Gelnex, a Brazilian collagen producer, for approximately $1.2 billion. This acquisition aims to bolster Darling's capacity in the collagen market, anticipated to grow significantly in demand over the next five years. Gelnex produces 46,000 metric tons of collagen products annually, exporting to over 60 countries. The deal is expected to close in Q1 2023 and will enhance Darling's production capabilities in South America, catering to the rising global demand for collagen in health and nutrition.
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.
