Q1 2026 Darling Ingredients Inc Earnings Call Transcript

Apr 30, 2026 / 01:00PM GMT

Release Date Price: $64.23 (+2.28%)

Transcript 10-Q8-K

Key Points

Positve

Darling Ingredients Inc (DAR) reported a strong first quarter with combined adjusted EBITDA of $406.8 million, showing significant growth from the previous year.
The Feed Ingredients segment experienced a fantastic quarter with improved gross margins and steady volumes, particularly in global poultry.
The company saw growth in its Food segment, with increased sales in collagen and gelatin, driven by new applications in food, nutrition, and health products.
Darling Ingredients Inc (DAR) benefited from the renewable volume obligation, which positively impacted fat prices and renewable diesel demand.
The company maintained operational excellence and disciplined capital allocation, leading to improved earnings power and stronger cash flow potential.

Negative

Darling Ingredients Inc (DAR) faced challenges with stagnant North American cattle herd volumes, impacting the Feed Ingredients segment.
The company experienced a shutdown at Port Arthur, which briefly interrupted the supply chain for Diamond Green Diesel.
Gross margins in the Food segment slightly decreased compared to the previous year, despite increased sales.
The company's total debt increased to approximately $4 billion, partly due to contributions to Diamond Green Diesel and timing of production tax credit payments.
Darling Ingredients Inc (DAR) is still in the process of selling non-strategic assets, including grease trap environmental service assets, which have not yet closed.

Operator

Good morning, and welcome to the Darling Ingredients Inc. conference call to discuss the first quarter 2026 financial results. (Operator Instructions) Today's call is being recorded.

I would now like to turn the call over to Ms. Suann Guthrie, Senior Vice President of Investor Relations. Please go.

Suanne Guthrie Darling Ingredients Inc;Senior Vice President of Investor Relations

Thank you for joining the Darling Ingredients first quarter 2026 earnings call. Here with me today are Mr. Randall C. Stuewe, Chairman and Chief Executive Officer; and Mr. Bob Day, Chief Financial Officer.

Our first quarter 2026 earnings news release and slide presentation are available on the Investor page of our corporate website and will be joined by a transcript of this call once it is available. During this call, we will be making forward-looking statements, which are predictions, projections or other statements about future events.

These statements are based on current expectations and assumptions that are subject to risks and uncertainties.

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