Recent Updates — DAR
Darling Ingredients Inc. reported net income attributable to Darling of $267.0 million, or $1.67 per GAAP diluted share, for the third quarter ended October 3, 2026, compared to $19.4 million, or $0.12 per share, in the prior-year period. Total net sales rose 14.5% to $1.8 billion from $1.6 billion. Combined Adjusted EBITDA more than doubled to $514.3 million from $244.9 million, driven by a significant turnaround at its Diamond Green Diesel joint venture, which contributed $204.2 million in Adjusted EBITDA and provided $171.0 million in cash distributions. The company reduced net debt by approximately $420 million and repurchased $75.9 million of common stock during the quarter. Darling Ingredients Inc. operates in the global ingredients industry, converting animal by-products, used cooking oils, and renewable feedstocks into fats, proteins, collagen, and renewable diesel.
Darling Ingredients issued a press release providing comments on its third quarter 2026 earnings, specifically regarding its 50/50 joint venture, Diamond Green Diesel (DGD). DGD reported approximately $350 million in operating income for the three months ended September 30, 2026, and shipped 314.9 million gallons of renewable fuels. For the nine-month period, DGD earned roughly $1.3 billion in operating income with 936.1 million gallons sold. Darling’s share of DGD Adjusted EBITDA was $204.2 million for the quarter and $744.6 million year-to-date. The company provided fiscal year 2026 Combined Adjusted EBITDA guidance of $2.2 billion to $2.3 billion, citing strong fundamentals and favorable momentum into the fourth quarter. Darling Ingredients operates in the animal by-products processing and renewable energy sectors.
On August 5, 2026, Darling Ingredients Inc. announced that its Board of Directors authorized an increase to the company's share repurchase program from $500 million to $1 billion. The authorization is subject to market conditions and has no expiration date. Darling Ingredients operates in the animal agriculture and food industries, transforming by-products into ingredients for human consumption, animal feed, and renewable energy.
Darling Ingredients Inc. reported second quarter 2026 net income of $387.3 million, or $2.41 per diluted share, compared to $12.7 million in the prior year period. Total net sales reached $1.7 billion, up from $1.5 billion, driven by a combined Adjusted EBITDA of $741.7 million versus $249.5 million previously. The company received $280.0 million in cash distributions from its Diamond Green Diesel joint venture and reduced net debt by $223.0 million while repurchasing $73.0 million in common stock. Operational highlights include the acquisition of three rendering facilities in Brazil for approximately $122 million and the sale of a non-core grease trap business for $90.0 million. Darling Ingredients Inc. operates in the renewable resources industry, specializing in the production of animal feed ingredients, food ingredients, and renewable fuels.