Darling Ingredients Reports Strong Q2 Earnings Amid Strategic Shift
Darling Ingredients reported a significant increase in second-quarter earnings for fiscal year 2026, with net income of $387 million or $2.41 per diluted share compared to just $13 million the previous year. This improvement was driven by stronger global operations and margin expansion across its business segments. The company's Q2 revenue reached $1.7 billion, up from $1.5 billion in 2025 due to improved market conditions for finished products. Darling Ingredients also reported strong performance from Diamond Green Diesel (DGD), with EBITDA per gallon at $2.23 and a recovery of IEEPA tariffs adding value. The company is shifting its strategy toward high-margin specialty products, particularly in collagen and health ingredients, which offer significantly higher margins than traditional gelatin. Darling also made progress on debt reduction, paid down $223 million in total debt during the quarter, and repurchased shares worth $73 million as part of a capital return plan.
Tickers: $DAR
Topics: ebitda financial_results net_income renewable_energy