Earnings summaries and quarterly performance for DARLING INGREDIENTS.
Executive leadership at DARLING INGREDIENTS.
Randall Stuewe
Chief Executive Officer
Brandon Lairmore
Executive Vice President – Darling U.S. Rendering Operations
Carlos Paz
Executive Vice President – Global Risk Management, Ingredients
Jan van der Velden
Executive Vice President – International Rendering and Specialties
Jeroen Colpaert
Executive Vice President – Rousselot
John Sterling
Executive Vice President – General Counsel and Secretary
Nick Kemphaus
Executive Vice President – General Counsel and Secretary (effective January 4, 2026)
Patrick McNutt
Executive Vice President – Chief Administrative Officer
Robert Day
Chief Financial Officer
Sandra Dudley
Executive Vice President – Renewables and Chief Strategy Officer
Board of directors at DARLING INGREDIENTS.
Research analysts who have asked questions during DARLING INGREDIENTS earnings calls.
Heather Jones
Heather Jones Research
8 questions for DAR
Manav Gupta
UBS Group
8 questions for DAR
Matthew Blair
Tudor, Pickering, Holt & Co.
8 questions for DAR
Andrew Strelzik
BMO Capital Markets
6 questions for DAR
Betty Zhang
Scotiabank
6 questions for DAR
Jason Gabelman
TD Cowen
6 questions for DAR
Pooran Sharma
Stephens Inc.
6 questions for DAR
Thomas Palmer
Citigroup Inc.
6 questions for DAR
Derrick Whitfield
Texas Capital
5 questions for DAR
Dushyant Ailani
Jefferies
5 questions for DAR
Ben Kallo
Robert W. Baird & Co.
4 questions for DAR
Ryan M. Todd
Piper Sandler & Co.
4 questions for DAR
Dushyant Ajit Ailani
Jefferies LLC
3 questions for DAR
Ryan Todd
Simmons Energy
3 questions for DAR
Ben Mayhew
BMO
2 questions for DAR
Connor Fitzpatrick
Bank of America
2 questions for DAR
Conor Fitzpatrick
Bank of America Merrill Lynch
2 questions for DAR
Jason Daniel Gabelman
TD Securities
2 questions for DAR
Benjamin Kallo
Robert W. Baird & Co.
1 question for DAR
Brian Sharma
Stephens Inc.
1 question for DAR
Davis Sunderland
Baird
1 question for DAR
Derrick Lee Whitfield
Texas Capital Securities
1 question for DAR
John Royall
JPMorgan Chase & Co.
1 question for DAR
Paul Cheng
Scotiabank
1 question for DAR
Recent press releases and 8-K filings for DAR.
- Darling Ingredients reported combined adjusted EBITDA of $336.1 million for Q4 2025 and $922 million for core ingredients EBITDA for the full year 2025, with total net sales of $1.7 billion in Q4 2025.
- The company announced the strategic acquisition of three rendering facilities from the Potencei Group in Brazil for approximately $120 million, expected to close later in Q1 2026.
- Darling significantly improved its financial position, with total debt net of cash at $3.8 billion and a bank covenant preliminary leverage ratio of 2.9 times at year-end 2025, down from 3.9 times at year-end 2024.
- For Q1 2026, the company anticipates core business EBITDA (excluding DGD) to be between $240 million and $250 million, and maintains an optimistic outlook for 2026, expecting improved performance throughout the year.
- Darling Ingredients reported strong Q4 2025 financial results, with combined adjusted EBITDA of $336.1 million and core ingredients EBITDA of $278.2 million, demonstrating significant improvement year-over-year and sequentially.
- The company meaningfully improved its debt leverage, reaching 2.9 times at year-end 2025, down from 3.9 times at year-end 2024, with total debt net of cash at $3.8 billion as of January 3, 2026.
- Diamond Green Diesel (DGD) delivered its strongest quarter of the year with $57.9 million of EBITDA in Q4 2025, contributing to a full-year 2025 DGD EBITDA of $103.7 million. The company expresses optimism for 2026 due to an improving policy backdrop.
- For Q1 2026, Darling Ingredients estimates core ingredients adjusted EBITDA to be in the range of $240 million to $250 million, and DGD is expected to produce about 260 million gallons.
- Strategic actions include an advancing joint venture with PB Leiner and Tessenderlo, the acquisition of three assets in Brazil for approximately $120 million, and potential asset sales aimed at sharpening the company's portfolio.
- Darling Ingredients reported strong Q4 2025 financial results, with combined adjusted EBITDA of $336.1 million and total net sales of $1.7 billion. For the full year 2025, core ingredients EBITDA reached $922 million.
- The company significantly improved its debt leverage to 2.9 times at year-end 2025, down from 3.9 times in 2024, and ended the year with approximately $1.3 billion available on its revolving credit facility.
- The Diamond Green Diesel (DGD) segment delivered its strongest quarter of the year in Q4 2025 with $57.9 million in EBITDA, contributing $103.7 million in EBITDA for the full year 2025 from approximately 1 billion gallons sold.
- Darling Ingredients is acquiring three rendering facilities in Brazil for approximately $120 million, expected to close in Q1 2026, and is advancing its joint venture for global collagen and gelatin demand.
- The company recorded $58 million in restructuring and impairment charges in Q4 2025 and is evaluating potential asset sales, while expressing an optimistic outlook for 2026 driven by positive global demand trends and a favorable renewable fuels policy backdrop.
- Darling Ingredients (DAR) reported a significant increase in Q4 2025 Total Net Sales by 20.6% to $1,709.8 million and Combined Adjusted EBITDA by 16.1% to $336.1 million, but Net Income decreased by 44.2% to $56.9 million and Diluted EPS fell by 44.4% to $0.35 compared to Q4 2024.
- For the full year 2025, Total Net Sales grew by 7.4% to $6,135.9 million, however, Net Income and Diluted EPS both declined by 77.5% to $62.8 million and $0.39 respectively, primarily impacted by $58 million in restructuring and asset impairment charges related to portfolio realignment in Q4 2025.
- The company's balance sheet showed improvement with the preliminary leverage ratio decreasing to 2.90X as of January 3, 2026, from 3.93X at December 28, 2024, alongside net debt of $3,849 million.
- Darling Ingredients Inc. reported net income of $56.9 million and total net sales of $1.7 billion for the fourth quarter of 2025, with Combined Adjusted EBITDA reaching $336.1 million.
- For fiscal year 2025, the company reported net income of $62.8 million, total net sales of $6.1 billion, and Combined Adjusted EBITDA of $1.03 billion.
- The company strategically realigned its portfolio of businesses in Q4 2025, resulting in restructuring and asset impairment charges of $58.0 million.
- Darling Ingredients monetized $255 million of $285 million in Production Tax Credit sales during fiscal year 2025, enhancing cash generation, and its bank leverage ratio declined to 2.90X as of January 3, 2026.
- For the first quarter of 2026, the company estimates core ingredients business adjusted EBITDA to be approximately $240-$250 million.
- Darling Ingredients Inc. reported net income of $56.9 million and total net sales of $1.7 billion for the fourth quarter of 2025, compared to $101.9 million and $1.4 billion, respectively, for the fourth quarter of 2024.
- For fiscal year 2025, the company achieved total net sales of $6.1 billion and Combined Adjusted EBITDA of $1.03 billion, compared to $5.7 billion and $1.08 billion, respectively, for fiscal year 2024.
- The company monetized $255 million of Production Tax Credit sales and reduced its bank leverage ratio to 2.90X as of January 3, 2026, demonstrating a commitment to deleveraging.
- Darling Ingredients estimates its core ingredients business adjusted EBITDA for Q1 2026 to be approximately $240-$250 million.
- Darling Ingredients Inc. announced that its 50/50 joint venture, Diamond Green Diesel (DGD), reported a net income of $55 million for the three months ended December 31, 2025.
- For the full fiscal year ended December 31, 2025, DGD incurred a net loss of ($68) million.
- Darling Ingredients' share of DGD Adjusted EBITDA was $58 million or $0.41 per gallon for Q4 2025, and $104 million or $0.21 per gallon for the full fiscal year 2025.
- The company anticipates ending the year with solid improvement over its prior outlook, noting that both DGD and the core ingredients business performance strengthened sequentially in the fourth quarter.
- Darling Ingredients will release its full fourth quarter and fiscal year 2025 financial results on February 11, 2026, and will host a conference call on February 12, 2026.
- Darling Ingredients' Diamond Green Diesel (DGD) joint venture reported a net income of $55 million for the fourth quarter of 2025, with 285.3 million gallons of renewable fuels sold/shipped.
- For the full fiscal year 2025, DGD reported a net loss of ($68) million and sold/shipped 1.003 billion gallons of renewable fuels.
- Darling Ingredients' share of DGD Adjusted EBITDA was $58 million ($0.41 per gallon) for Q4 2025 and $104 million ($0.21 per gallon) for FY 2025.
- Darling Ingredients will release its full fourth quarter and fiscal year 2025 financial results on Wednesday, February 11, 2026, after market close, and host a conference call on February 12, 2026.
- Darling Ingredients Inc. is establishing a new joint venture by combining its collagen and gelatin divisions with Tessenderlo Group's PB Leiner business, with Darling holding an 85% stake.
- The new entity is expected to generate approximately $1.5 billion in annual revenue and will operate 22 global facilities.
- This merger requires no initial financial contribution from either company and is anticipated to close in 2026, subject to regulatory approvals.
- Following the announcement, Darling Ingredients' shares experienced a 1.94% drop in after-hours trading.
- Darling Ingredients Inc. (DAR) and Tessenderlo Group have signed a definitive agreement to form a new company by combining their collagen and gelatin segments.
- Darling Ingredients will hold an 85% majority ownership stake in the new company, with Tessenderlo Group holding 15%.
- The new entity is expected to generate approximately $1.5 billion in initial annual revenue and possess a total gelatin and collagen capacity of about 200,000 metric tons.
- The transaction is anticipated to close in 2026, pending regulatory approvals.
Quarterly earnings call transcripts for DARLING INGREDIENTS.
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