Darling Ingredients(NYSE) DAR

Darling Ingredients Inc. turns food waste and animal scraps into useful ingredients like fuel and nutrients. This process helps farmers and food companies get rid of leftovers in a sustainable way. The company sells these materials to businesses that make medicine, pet food, and renewable energy.

What’s in the Product Mix?

• Feed Ingredients: Processes animal by-products into fats and proteins for animal and pet nutrition; generated $1.15 billion in net sales during the three-month period ended July 4, 2026.
• Food Ingredients: Manufactures collagen, gelatin, and casings for the food and health sectors; recorded $408.5 million in net sales during the three-month period ended July 4, 2026.
• Fuel Ingredients: Converts organic waste and fats into renewable fuels; accounted for $166.1 million in net sales during the three-month period ended July 4, 2026.

Growing the Business

• Expanded the Diamond Green Diesel Port Arthur facility in November 2024 to enable the production of sustainable aviation fuel.
• Acquired Valley Proteins and FASA in fiscal 2022 to secure additional feedstocks for fuel production.
• Proposed a joint venture with Tessenderlo Group NV and acquired UPI Bovinos NewCo to grow its processing capacity.

Why Darling Stands Out

Darling Ingredients operates across five continents and uses a vertical structure to collect, process, and transport its own raw materials. This setup allows the company to supply 20% of its total net sales as feedstock to its fuel joint venture.

Key Financial Figures

• Segment operating income reached $555.2 million for the three-month period ended July 4, 2026, up 631.5% year over year.
• Total net sales hit $1.72 billion for the three-month period ended July 4, 2026, up from $1.48 billion year over year.
• Net income was $387.3 million for the three-month period ended July 4, 2026, compared to $12.7 million year over year.
• Non-GAAP Adjusted EBITDA reached $352.5 million for the three-month period ended July 4, 2026, up from $206.9 million year over year.

Evolution into Green Energy

Darling Ingredients has evolved from a traditional rendering company into a major producer of sustainable fuels and natural ingredients. Its vertical operations provide a stable supply of materials for the growing green energy market.