{"schema_version":"secwatch.filing_event.v1","accession":"0000916540-25-000029","form_type":"8-K","ticker":"DAR","cik":"0000916540","company_name":"DARLING INGREDIENTS INC.","filed_at":"2025-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.594944+00:00","generated_at":"2026-05-17T02:39:39.114676+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Darling Q3 net income $19.4M ($0.12 EPS), sales up 10% to $1.6B; DGD EBITDA negative","bullets":["Net income $19.4M ($0.12 diluted EPS) vs $16.9M ($0.11) YoY; total net sales $1.6B (+10% from $1.4B).","Combined Adj. EBITDA $244.9M vs $236.7M; DGD contributed negative $2.9M of Darling's share vs positive $39.1M in Q3 2024.","Agreed to sell $125M of 2025 production tax credits; expects another $125-175M in PTC sales by year-end 2025.","Full-year 2025 core ingredients (ex-DGD) Adj. EBITDA guidance ~$875-900M; company stops providing DGD guidance due to policy uncertainty.","Leverage ratio 3.65x; net debt $4.01B; YTD capex $224M; cash $91.5M, revolver availability $1.17B."],"urls":{"canonical":"https://secwatch.observer/filing/0000916540-25-000029","json":"https://secwatch.observer/filing/0000916540-25-000029.json","markdown":"https://secwatch.observer/filing/0000916540-25-000029.md","text":"https://secwatch.observer/filing/0000916540-25-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/916540/000091654025000029/0000916540-25-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/916540/000091654025000029/dar-20251023.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:39:39.114676+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}