---
schema_version: "secwatch.filing_event.v1"
accession: "0000916540-24-000012"
form_type: "8-K"
ticker: "DAR"
cik: "0000916540"
company_name: "DARLING INGREDIENTS INC."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T09:02:57.592441+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Q1 net income falls to $81M ($0.50/sh) on weak fat prices and lower DGD earnings

## Summary
- Net sales $1.4B, down 22% YoY from $1.8B; net income $81.2M vs $185.8M.
- Combined adjusted EBITDA $280.1M, down 33% from $418.4M; includes $25M inventory adjustment in Food.
- DGD sold 331.5M gallons of renewable diesel at $0.69/gallon EBITDA; $21.6M LCM adjustment recorded.
- FY2024 combined adjusted EBITDA guidance reaffirmed at $1.3-$1.4B; leverage ratio 3.71x.

## SEC filing metadata
- accession: 0000916540-24-000012
- form_type: 8-K
- ticker: DAR
- cik: 0000916540
- company_name: DARLING INGREDIENTS INC.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916540/000091654024000012/0000916540-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916540/000091654024000012/dar-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916540-24-000012
- JSON: https://secwatch.observer/filing/0000916540-24-000012.json
- Plain text: https://secwatch.observer/filing/0000916540-24-000012.txt

## Key facts
- Earnings Releases
  DARLING INGREDIENTS INC. reported first quarter ended March 30, 2024 results: revenue $1.4 billion, net income $81.2 million, EPS $0.50 per GAAP diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 30, 2024
  - Revenue: $1.4 billion
  - Net income: $81.2 million
  - EPS: $0.50 per GAAP diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: The company also reported net sales of $1.4 billion for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/916540/000091654024000012/0000916540-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.