Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries. The company collects and transforms various animal by-product streams into useable and specialty ingredients, such as collagen, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings, and hides. It also recovers and converts used cooking oil and animal fats, and residual bakery products into valuable feed and fuel ingredients. In addition, the company provides environmental services, including grease trap collection and disposal services to food service establishments. It primarily operates under the Sonac, Dar Pro, Rothsay, Rousselot, CTH, Ecoson, and Rendac brand names in North America, Europe, China, South America, Australia, and internationally. The company was formerly known as Darling International Inc. and changed its name to Darling Ingredients Inc. in May 2014. Darling Ingredients Inc. was founded in 1882 and is headquartered in Irving, Texas.
IPO Year: 1997
Exchange: NYSE
Website: darlingii.com
Date | Price Target | Rating | Analyst |
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9/13/2024 | $45.00 → $43.00 | Hold | TD Cowen |
6/12/2024 | $48.00 | Neutral → Buy | Citigroup |
2/1/2024 | $49.00 | Neutral | Citigroup |
10/13/2023 | Buy → Hold | Tudor, Pickering, Holt & Co. | |
4/14/2023 | $80.00 | Outperform | BMO Capital Markets |
1/17/2023 | $90.00 → $75.00 | Overweight → Equal-Weight | Stephens |
10/19/2022 | $102.00 | Buy | Jefferies |
9/12/2022 | $101.00 | Buy | Stifel |
9/8/2022 | Sector Outperform | Scotiabank | |
4/25/2022 | $80.00 | Market Perform | Cowen |
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Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that the company achieved its first-ever "Prime" status from Institutional Shareholder Services ESG, improved its ESG Corporate Rating to B-, and is ranked in the top 10% of companies within its industry. ISS ESG is the responsible investment arm of proxy advisory firm ISS and conducts regular sustainability rating assessments. Prime status is awarded to companies with an ESG performance well-above sector average. "The recognition from ISS ESG reflects the strength of our sustainability strategy that focuses on both financial and i
Brad Phillips, Executive Vice President and Chief Financial Officer, to retireRobert Day to be named Executive Vice President and Chief Financial OfficerSandra Dudley to be named Executive Vice President, Renewables and Chief Strategy OfficerCarlos Paz joins as Executive Vice President, Global Risk Management, IngredientsIRVING, Texas, Dec. 12, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today announced that Brad Phillips, Executive Vice President and Chief Financial Officer, will retire from the company after 36 years, effective June 15, 2025. Robert Day, currently Executive Vice President and Chief Strategy Officer, will assume the role of Executive Vice President and Chief Fi
IRVING, Texas, Dec. 10, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that Avfuel Corporation, the leading independent supplier of aviation fuel and services, took the first delivery of sustainable aviation fuel (SAF) produced by Diamond Green Diesel (DGD), a 50/50 joint venture between Darling Ingredients and Valero Energy Corporation (NYSE:VLO, ", Valero", )). Naples Aviation (KAPF) accepted Avfuel's delivery of SAF, marking the fuel supplier
IRVING, Texas, Dec. 10, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today announced that its 50/50 joint venture Diamond Green Diesel (DGD) received approval of its Excise Tax Registration from the Internal Revenue Service. Registration is one of the requirements for a taxpayer to be eligible to claim the Internal Revenue Code 45Z credit. "Obtaining the excise tax registration is the first step in our ability to monetize the 45Z Producer's Tax Credit," said Randall C. Stuewe, Chairman and Chief Executive Officer. "We are extremely encouraged by the registration a
IRVING, Texas, Nov. 13, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced the development of DarLinQTM, the company's latest, industry-leading innovation that utilizes advanced sonar and Bluetooth technologies to provide continuous, accurate oil-level monitoring of used cooking oil (UCO) storage containers via custom, automated equipment to enhance operational efficiency and security. DarLinQ's advanced technology provides numerous safety, security and environmental benefits, including more efficient fleet operation and increased oil capture capabilities.
IRVING, Texas, Oct. 28, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that the company will participate in the Jefferies Renewables & Clean Energy Conference on Wednesday, December 4, 2024. The company will hold investor meetings, and Chairman and Chief Executive Officer Randall C. Stuewe will participate in a fireside chat at 9:30 a.m. ET. View details and register for the webcast at darlingii.com/events. About Darling Ingredients A pioneer in
Third Quarter 2024 Net income of $16.9 million, or $0.11 per GAAP diluted shareTotal net sales of $1.4 billionCombined adjusted EBITDA of $236.7 millionReceived $111.2 million in cash dividends from Diamond Green DieselIRVING, Texas, Oct. 24, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today reported net income of $16.9 million, or $0.11 per diluted share for the third quarter of 2024, compared to net income of $125.0 million, or $0.77 per diluted share, for the third quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD). The company also reported total net sales of $1.4
IRVING, Texas, Oct. 21, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today announced the publication of preclinical and clinical studies1 in the Wiley Journal of Food Science and Nutrition, focusing on the impact of a specific collagen peptide composition on post-meal blood glucose spikes. Developed by Darling Ingredients' premier collagen and gelatin brand, Rousselot, the Nextida library features a groundbreaking collection of specific collagen peptide compositions with new targeted health benefits. The first product in this range, Nextida GC™, has shown significa
IRVING, Texas, Oct. 18, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) announced today that it will host a conference call on Thursday, October 24, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss third quarter 2024 financial results, which will be released earlier that day, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for the audio-only webcast. To join the call as a participant to ask a quest
IRVING, Texas, Oct. 17, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel, for delivery to Chicago Midway International Airport (MDW). As part of the two-year supply agreement between Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO) and Southwe
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (NASDAQ:JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE:WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the in
IRVING, Texas, Nov. 10, 2021 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) is being honored by the Women's Forum of New York at its sixth biennial "Breakfast of Corporate Champions" (BCC) event, for achieving at least 35 percent female representation on their board of directors. Darling Ingredients is recognized as a corporate game-changer for promoting women's leadership in the boardroom, with 40 percent women representation on their board of directors. This is the third consecutive year Darling has received this prestigious recognition. "As an international organizati
IRVING, Texas, Oct. 26, 2021 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today announces the appointment of Celeste A. Clark, Ph.D., to its Board of Directors. Dr. Clark joins the Board as an independent director, and her appointment is effective immediately. The appointment of Dr. Clark will expand the total number of directors to ten. It is expected that she will also be appointed to a new, standalone environmental, social and governance (ESG) committee currently being developed by the Board. Dr. Clark has served as a principal of Abraham Clark Consulting, LLC
IRVING, Texas, May 25, 2021 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today announced the appointment of Enderson Guimaraes to its Board of Directors and as a member of its Audit Committee. Mr. Guimaraes joins the Board as an independent director, and his appointment is effective immediately. The appointment of Mr. Guimaraes will expand the total number of directors to ten. Mr. Guimaraes previously held various positions within the beverage, semi-durables and education industries. His most recent roles were President and COO of Laureate Education Inc, President of Pe
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TD Cowen reiterated coverage of Darling Ingredients with a rating of Hold and set a new price target of $43.00 from $45.00 previously
Citigroup upgraded Darling Ingredients from Neutral to Buy and set a new price target of $48.00
Citigroup initiated coverage of Darling Ingredients with a rating of Neutral and set a new price target of $49.00
Tudor, Pickering, Holt & Co. downgraded Darling Ingredients from Buy to Hold
BMO Capital Markets resumed coverage of Darling Ingredients with a rating of Outperform and set a new price target of $80.00
Stephens downgraded Darling Ingredients from Overweight to Equal-Weight and set a new price target of $75.00 from $90.00 previously
Jefferies initiated coverage of Darling Ingredients with a rating of Buy and set a new price target of $102.00
Stifel initiated coverage of Darling Ingredients with a rating of Buy and set a new price target of $101.00
Scotiabank initiated coverage of Darling Ingredients with a rating of Sector Outperform
Cowen initiated coverage of Darling Ingredients with a rating of Market Perform and set a new price target of $80.00
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Third Quarter 2024 Net income of $16.9 million, or $0.11 per GAAP diluted shareTotal net sales of $1.4 billionCombined adjusted EBITDA of $236.7 millionReceived $111.2 million in cash dividends from Diamond Green DieselIRVING, Texas, Oct. 24, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today reported net income of $16.9 million, or $0.11 per diluted share for the third quarter of 2024, compared to net income of $125.0 million, or $0.77 per diluted share, for the third quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD). The company also reported total net sales of $1.4
IRVING, Texas, Oct. 18, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) announced today that it will host a conference call on Thursday, October 24, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss third quarter 2024 financial results, which will be released earlier that day, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for the audio-only webcast. To join the call as a participant to ask a quest
Second Quarter 2024 Net income of $78.9 million, or $0.49 per GAAP diluted shareNet sales of $1.5 billionCombined adjusted EBITDA of $273.6 millionRepurchased $29.2 million of common stockReceived $77.1 million in cash dividends from Diamond Green Diesel on July 18, 2024IRVING, Texas, July 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today reported net income of $78.9 million, or $0.49 per diluted share for the second quarter of 2024, compared to net income of $252.4 million, or $1.55 per diluted share, for the second quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (D
IRVING, Texas, July 9, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) announced today that it will host a conference call on Thursday, July 25, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss second quarter 2024 financial results, which will be released earlier that day, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for the audio-only webcast. To join the call as a participant to ask a question
First Quarter 2024 Net income of $81.2 million, or $0.50 per GAAP diluted shareNet sales of $1.4 billionCombined adjusted EBITDA of $280.1 millionIRVING, Texas, April 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today reported net income of $81.2 million, or $0.50 per diluted share for first quarter of 2024, compared to net income of $185.8 million, or $1.14 per diluted share, for first quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD). The company also reported net sales of $1.4 billion for the first quarter of 2024, compared with net sales of $1.8 billion for the
IRVING, Texas, April 18, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) announced today that it will host a conference call on Thursday, April 25, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss first quarter 2024 financial results, which will be released earlier that day, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for the audio-only webcast. To join the call as a participant to ask a quest
Fiscal Year 2023 Highlights Net income of $647.7 million, or $3.99 per GAAP diluted shareNet sales of $6.8 billionCombined adjusted EBITDA of $1,611.9 millionGlobal ingredients business EBITDA of $1,109.9 millionReceived $163.6 million in cash dividends from Diamond Green DieselRepurchased $52.9 million of common stockIRVING, Texas, Feb. 27, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today reported net income of $84.5 million, or $0.52 per diluted share for fourth quarter of 2023, compared to net income of $156.6 million, or $0.96 per diluted share, for fourth quarter of 2022. The decrease in net income was primarily due to a decrease in Darling's share of Diamond Green Diesel
IRVING, Texas, Feb. 14, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) will release fourth quarter and fiscal year 2023 financial results on Tuesday, February 27, 2024. A press release will be issued after market via PR Newswire, and a presentation with accompanying supplemental financial data will also be available in the investors section of the company's website. Randall C. Stuewe, Chairman and Chief Executive Officer, and Brad Phillips, Executive Vice President and Chief Financial Officer, will review the results during a live conference call at 8 a.m. CT on Wed
IRVING, Texas, Jan. 31, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced it has completed the acquisition of Polish rendering company, Miropasz Group. The company first announced its plans to acquire Miropasz in November 2022 for a purchase price of €110 million, plus or minus closing costs. Miropasz processes approximately 250,000 metric tons of poultry by-products annually through three poultry rendering plants in southeast Poland (Mirowice, Psz
Second Quarter 2023 Net income of $252.4 million, or $1.55 per GAAP diluted shareNet sales of $1.8 billionCombined adjusted EBITDA of $508.3 million, $526.8 million excluding one-time Gelnex inventory negative impactGlobal ingredients business EBITDA of $260.9 millionReceived $101.4 million in cash dividends in Q2, and additional $62.2 million in cash dividends subsequent to quarter close from Diamond Green DieselRepurchased $9.1 million of common stockIRVING, Texas, Aug. 8, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR) today reported net income of $252.4 million, or $1.55 per diluted share for second quarter of 2023, compared to net income of $202.0 million, or $1.23 per diluted