$59.690
-1.624 (-2.72%)At close
DAR News
DAR Events
Darling Ingredients Sells CTH Sausage Casing Business to SARIA
Darling Ingredients closed on the sale of its CTH branded sausage casing business to SARIA for an undisclosed amount. "The sale of CTH illustrates our continued commitment to optimizing our portfolio and positioning Darling Ingredients for continued growth," said Randall C. Stuewe, Chairman and Chief Executive Officer. "We are committed to channeling our efforts toward segments with strong integration and long-term value creation potential, while using the proceeds to further our goal of reducing debt."
Darling Ingredients Announces Agreement to Sell $150 Million Production Tax Credits
Darling Ingredients "announced an agreement to sell approximately $150 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act by the company's Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by the end of the third quarter, upon satisfaction of certain funding conditions."
Darling Ingredients Increases Share Repurchase Program to $1B
Darling Ingredients announced that the Board of Directors has refreshed and increased its share repurchase program to $1B. "As our balance sheet continues to strengthen and cash generation accelerates, we have the flexibility to invest in our business, pursue attractive organic growth opportunities and return capital to our shareholders," said Randall C. Stuewe, Chairman and Chief Executive Officer. "This share repurchase program reflects our confidence in Darling's future and demonstrates our commitment to delivering long-term shareholder value."
Darling Ingredients Secures Patent for Nextida GC
Darling Ingredients and its health brand Rousselot announced that the U.S. Patent and Trademark Office has granted Patent No. US12636339 for Nextida GC, a first-of-its-kind collagen peptide ingredient developed to help support healthy after-meal blood sugar levels, naturally. The patent protects both the production process and the use of Nextida GC as a dietary supplement ingredient, offering a non-pharmaceutical option for managing blood glucose through science-backed nutrition.
Darling Ingredients Reports Q1 Revenue of $1.6B
Reports Q1 revenue $1.6B, consensus $1.55B. "This quarter marked a clear inflection point for Darling Ingredients' earning power across both our core business and Diamond Green Diesel," said Randall Stuewe, Chairman and Chief Executive Officer. "Disciplined risk management and market execution drove exceptional core results and improved DGD performance, reinforcing our resiliency and the potential of our global platform."
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