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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) 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.
Darling Ingredients Inc. (NYSE: DAR) announced a private offering of $500 million in unsecured senior notes, subject to market conditions. The notes will be guaranteed by the company's restricted subsidiaries, excluding foreign ones. Proceeds will be utilized for general corporate purposes, including acquisitions, debt repayment, and capital expenditures, alongside covering offering costs. The notes will only be available to qualified institutional buyers in the U.S. and non-U.S. persons abroad, as per applicable regulations.
Darling Ingredients reported a strong first quarter for 2022, with a net income of $188.1 million, translating to $1.14 per diluted share, an increase from $151.8 million or $0.90 per share in the same period last year. Net sales reached $1.37 billion, up from $1.0 billion in Q1 2021. The company's global ingredients business achieved record EBITDA of $244.1 million, driven by high demand and favorable pricing. Adjusted EBITDA for the quarter was $330.7 million, and the company forecasts a full year adjusted EBITDA of $1.55-$1.6 billion.
Darling Ingredients Inc. (NYSE: DAR) has announced a definitive agreement to acquire FASA Group, Brazil's largest independent rendering company, for approximately R$2.8 billion (about $560 million USD). This acquisition will enhance Darling's supply of low carbon waste fats and oils, positioning the company as a leader in renewable diesel production in North and South America. The transaction is anticipated to close by the end of 2022, subject to customary conditions. FASA operates 14 rendering plants and has plans for two more, processing over 1.3 million metric tons annually.
Darling Ingredients Inc. (NYSE: DAR) will announce its first quarter 2022 financial results on May 10, 2022, at 4 p.m. CT. A teleconference and webcast, hosted by CEO Randall C. Stuewe and CFO Brad Phillips, will occur on May 11, 2022, at 8 a.m. CT. Participants can pre-register for the conference to manage high call volumes. The company, a leader in sustainability, converts food waste into valuable products, operating 250 plants across 17 countries. More details can be found on their website.
On May 2, 2022, Darling Ingredients Inc. (NYSE: DAR) announced the successful completion of its $1.1 billion acquisition of Valley Proteins, enhancing its position in the sustainable products sector. This acquisition includes 18 rendering plants across the U.S., strengthening Darling's operations and expanding its capacity to supply low carbon intensity feedstocks for renewable diesel. CEO Randall C. Stuewe expressed excitement about the benefits this integration brings to Darling's core business and the growing demand for renewable energy.
Darling Ingredients Inc. (NYSE: DAR) announced the launch of X-Pure GelMA, the first gelatin methacryloyl produced under Good Manufacturing Practices (GMP). This product marks a significant advancement for clinical use in medical applications, shifting from research-grade options to GMP-compliant products. The consistency and quality assured by the GMP process support faster market entry with minimized revalidation risk. This announcement coincided with Rousselot's Innovation Days event in Belgium on April 13-14, 2022.
On March 21, 2022, Darling Ingredients Inc. (NYSE: DAR) announced a partnership with Chick-fil-A to convert used cooking oil from its restaurants in the U.S. and Canada into renewable transportation fuel. This initiative is part of Darling's DAR PRO Solutions service and aims to reduce greenhouse gas emissions by up to 85%. Each year, Darling transforms hundreds of millions of pounds of used cooking oil into renewable diesel, with an estimated production of over 700 million gallons in 2022. The collaboration supports sustainability efforts while enhancing Darling's renewable energy portfolio.