earnings
confidence high
sentiment positive
materiality 0.80
Darling Q2 net income $387M ($2.41/sh) vs $12.7M; Combined EBITDA $742M
DARLING INGREDIENTS INC.
- Net income $387.3M ($2.41 diluted EPS) vs $12.7M ($0.08) in Q2 2025; net sales $1.7B up from $1.5B.
- Combined Adjusted EBITDA $741.7M vs $249.5M; DGD sold 348.8M gallons at $2.23/gal EBITDA.
- Received $280M cash distributions from DGD; reduced net debt by $223M; repurchased $73M stock.
- Acquired three rendering facilities from Patense Group in Brazil for ~$122M; sold non-core grease trap business for ~$90M.
- Q3 2026 core ingredients Adj. EBITDA guidance $325-340M; expects year-end net debt ≤$3B, leverage <2x.