Darling Ingredients Inc.
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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.
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 billion for the third quarter of 2024, compared with total net sales of $1.6 billion for the same period a year ago, reflecting lower finished product pricing.
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 significant potential in mitigating post-meal glucose spikes in healthy individuals.
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.
Next Generation Collagen Peptide that Targets Post-Meal Glucose Spike
IRVING, Texas, Oct. 7, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that it has launched Nextida™ GC, a new collagen peptide that displayed a reduction in the post-meal glucose spike in healthy individuals. The clinical trial1, conducted by Darling Ingredients' premier collagen and gelatin brand Rousselot, showed that a 5-gram or 10-gram dose orally 30 minutes before a meal significantly lowered post-meal glucose spike in the blood by an average of 42%2.
IRVING, Texas, Sept. 25, 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 the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express.
IRVING, Texas, Sept. 16, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that it has elected Randy Hill to the board as an independent director, effective immediately. Hill will serve on the board's sustainability and audit committees.
"We are pleased to welcome Randy to our board of directors," said Randall C. Stuewe, Chairman and CEO. "His vast experience in the financial services industry, coupled with his expertise in advising companies with both domestic and international operations, will provide valuable insights into complex financial analysis and global reporting for our multifaceted business."
IRVING, Texas, Aug. 14, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced a target to reduce Scope 1 and 2 emissions 42% by 2030, which aligns with its commitment to the Science Based Targets initiative (SBTi). The goal is included in the company's 2023 Sustainability Progress Report, published today. The report provides a detailed overview of the company's progress against key environmental, social and governance objectives throughout 2023, highlighting how its Scope 1 and 2 target is an important step toward its aspiration of net zero by 2050.
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 (DGD). The company also reported net sales of $1.5 billion for the second quarter of 2024, compared with net sales of $1.8 billion for the same period a year ago, reflecting lower finished product pricing.
