0000916540false00009165402025-01-302025-01-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
      
FORM 8-K
       
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
January 30, 2025
DARLING INGREDIENTS INC.
(Exact Name of Registrant as Specified in Charter)
 
Delaware001-1332336-2495346
(State or Other Jurisdiction
of Incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
            5601 N. MacArthur Blvd., Irving, Texas 75038                    
                (Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (972) 717-0300                

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock $0.01 par value per shareDARNew York Stock Exchange(“NYSE”)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1

Item 2.02.    Results of Operations and Financial Condition.

On January 30, 2025, Darling Ingredients Inc. (the “Company”) issued a press release in which, among other things, the Company provided comments regarding its fourth quarter and fiscal year 2024 earnings including with respect to its 50/50 joint venture, known as Diamond Green Diesel (DGD). A copy of the press release is furnished as Exhibit 99.1.

The information in this Item 2.02, including the exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

104     Cover Page Interactive Data File (embedded within Inline XBRL document)
2

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  
 
 DARLING INGREDIENTS INC. 
    
Date: January 30, 2025By:/s/ John F. Sterling 
  John F. Sterling 
  Executive Vice President,
General Counsel		 

3

EXHIBIT 99.1     
darlingingredientslogoa.jpg
FOR IMMEDIATE RELEASE
Jan. 30, 2025

Darling Ingredients Issues Statement on Fourth Quarter and Fiscal Year 2024 Earnings;
Announces Timing of Earnings Release and Conference Call



IRVING, Texas – Darling Ingredients Inc. (NYSE: DAR) today issued the following statement regarding fourth quarter and fiscal year 2024 earnings.

Fourth quarter and fiscal year 2024 earnings for Darling Ingredients’ 50/50 joint venture known as Diamond Green Diesel (DGD) were released today by Darling Ingredients’ joint venture (JV) partner within its renewable diesel segment as part of its 2024 consolidated results.

Darling Ingredients’ joint venture partner today reported that its renewable diesel segment earned approximately $170 million in operating income for the three months ended Dec. 31, 2024. In the same period, DGD on a stand-alone basis incurred a lower of cost-or-market (LCM) valuation adjustment of approximately $118 million. For the 12 months ended Dec. 31, 2024, the JV partner reported that its renewable diesel segment earned approximately $507 million in operating income. In the same period, DGD on a stand-alone basis incurred a lower of cost-or-market valuation adjustment of approximately $176 million.

In the three months ended Dec. 31, 2024, DGD sold/shipped 292.8 million gallons of renewable fuels. For the 12 months ended Dec. 31, 2024, DGD sold/shipped 1.25 billion gallons of renewable fuels. As determined on a stand-alone basis by Darling Ingredients, DGD EBITDA per gallon for the three months ended Dec. 31, 2024 was $0.40; EBITDA per gallon excluding LCM was $0.81. As determined on a stand-alone basis by Darling Ingredients, DGD EBITDA per gallon for the 12 months ended Dec. 31, 2024, was $0.46; EBITDA per gallon excluding LCM was $0.60.

“DGD continues to outperform its peers on many metrics, and sustainable aviation fuel (SAF) is on line and producing on spec. With the recent clarity provided on the 45Z Clean Fuels Production Credit, we believe we have the line of sight needed to implement and monetize these credits,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “In the fourth quarter of 2024, Darling Ingredients’ core business had its strongest performance of the year. As fat prices trend upward, the company has started 2025 with strong momentum we expect will continue to build.”

Darling Ingredients will host a conference call at 9 a.m. Eastern Time (8 a.m. Central Time) on February 6, 2025, to discuss fourth quarter and fiscal year 2024 financial results, which will be released earlier that day. At this time, the company will provide additional details regarding its 2025 outlook. A presentation accompanying supplemental financial data will also be available at darlingii.com/investors.

To access the call as a listener, please register for the audio-only webcast.

To join the call as a participant to ask a question, please register in advance to receive a confirmation email with the dial-in number and PIN for immediate access on Feb. 6, or call 833-470-1428 (United States) or 404-975-4839 (international) using access code 054278.

A replay of the call will be available online via the webcast registration link two hours after the call ends. A transcript will be posted at darlingii.com/investors within 24 hours.

About Diamond Green Diesel
Diamond Green Diesel (DGD) is a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation. With more than 1.2 billion gallons produced annually, DGD is one of the world’s largest producers of renewable diesel and sustainable aviation fuel.

About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world’s animal


agricultural by-products, produces about 30% of the world’s collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn.

Use of Non-GAAP Financial Measures:
EBITDA per gallon is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income or equity in income of Diamond Green Diesel, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity and is not intended to be a presentation in accordance with GAAP. EBITDA per gallon is presented here not as an alternative to net income or equity in income of Diamond Green Diesel, but rather as a measure of Diamond Green Diesel's operating performance. Since EBITDA per gallon (generally, net income plus interest expense, taxes, depreciation and amortization divided by total gallons sold) is not calculated identically by all companies, this presentation may not be comparable to EBITDA per gallon presentations disclosed by other companies. Management believes that EBITDA per gallon is useful in evaluating Diamond Green Diesel's operating performance compared to that of other companies in its industry because the calculation of EBITDA per gallon generally eliminates the effects of financing, income taxes and certain non-cash and other items presented on a per gallon basis that may vary for different companies for reasons unrelated to overall operating performance.

Cautionary Statements Regarding Forward-Looking Information:
This release may contain “forward-looking statements,” which include information concerning the Company’s financial performance, plans, objectives, goals, strategies, future earnings, cash flow, performance and other information that is not historical information. When used in this release, the words “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “will” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. These include issues related to administration, guidance and/or regulations associated with biofuel policies, including the Section 45Z Clean Fuel Production Credit, and risks associated with the qualification and sale of such credits. Numerous other factors, many of which are beyond the Company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
# # #



Darling Ingredients Contacts
Media: Jillian Fleming
Director, Global Communications
(972) 541-7115; jillian.fleming@darlingii.com


Investors: Suann Guthrie
Senior VP, Investor Relations, Sustainability & Communications
(469) 214-8202; suann.guthrie@darlingii.com



v3.24.4
Cover Page
Jan. 30, 2025
Cover [Abstract]  
Entity Emerging Growth Company false
Title of 12(b) Security Common stock $0.01 par value per share
Entity Central Index Key 0000916540
Pre-commencement Issuer Tender Offer false
Pre-commencement Tender Offer false
Soliciting Material false
Written Communications false
Entity Incorporation, State or Country Code DE
Entity Registrant Name DARLING INGREDIENTS INC.
Document Period End Date Jan. 30, 2025
Document Type 8-K
Entity File Number 001-13323
Entity Tax Identification Number 36-2495346
Amendment Flag false
Trading Symbol DAR
Security Exchange Name NYSE
Entity Address, Address Line One 5601 N. MacArthur Blvd.
Entity Address, City or Town Irving
Entity Address, State or Province TX
Entity Address, Postal Zip Code 75038
City Area Code 972
Local Phone Number 717-0300
Darling Ingredients (NYSE:DAR)
Historical Stock Chart
From Mar 2025 to Apr 2025 Click Here for more Darling Ingredients Charts.
Darling Ingredients (NYSE:DAR)
Historical Stock Chart
From Apr 2024 to Apr 2025 Click Here for more Darling Ingredients Charts.