Quarterly ResultApr 30, 2026, 06:47 AM
DAR Q1 Net Income $134.3M vs $(26.2)M Loss; Sales $1.6B
AI Summary
Darling Ingredients Inc. reported a significant turnaround in Q1 2026, achieving net income of $134.3 million, or $0.83 per diluted share, compared to a net loss in the prior year. Total net sales increased to $1.6 billion, and Combined Adjusted EBITDA more than doubled to $406.8 million. The company also monetized $45.0 million in Production Tax Credits, enhancing liquidity. For Q2 2026, the core ingredients business Adjusted EBITDA is estimated to be $260-275 million.
Key Highlights
- Net income was $134.3 million, a significant improvement from a net loss of $(26.2) million in Q1 2025.
- Diluted EPS was $0.83, up from $(0.16) in the prior year's first quarter.
- Total net sales increased 12.3% to $1.6 billion from $1.4 billion year-over-year.
- Combined Adjusted EBITDA surged 107.8% to $406.8 million from $195.8 million in Q1 2025.
- Fuel segment's Combined Adjusted EBITDA soared 643.4% to $179.9 million.
- Monetized $45.0 million in Production Tax Credit sales during Q1 2026.
- Q2 2026 core ingredients business Adjusted EBITDA is estimated at $260-275 million.
- Total debt outstanding as of April 4, 2026, was $4.1 billion, with a preliminary leverage ratio of 3.17X.