Quarterly ResultAug 7, 2026, 04:30 PM
Darling Ingredients Q2 Net Income $387.3M; EPS $2.44
AI Summary
Darling Ingredients reported strong financial results for the second quarter and first six months of 2026, with substantial increases in net income and EPS. The company also completed the acquisition of UPI Bovinos NewCo in Brazil and entered into a joint venture with Tessenderlo Group NV. Additionally, Darling divested its U.S. grease trap environmental services business and agreed to sell its natural casings business.
Key Highlights
- Net income attributable to Darling for Q2 2026 surged to $387.3 million, up from $12.7 million in Q2 2025.
- Basic EPS for Q2 2026 was $2.44, a significant increase from $0.08 in Q2 2025.
- Total net sales for Q2 2026 increased to $1.72 billion from $1.48 billion in Q2 2025.
- Equity in net income of Diamond Green Diesel (DGD) was $350.0 million for Q2 2026, up from $6.0 million.
- Acquired UPI Bovinos NewCo, including three rendering plants in Brazil, for approximately $122.2 million.
- Formed a joint venture with Tessenderlo Group NV for collagen and gelatin businesses, with Darling holding an 85% equity interest.
- Sold U.S. grease trap environmental services business for approximately $84.1 million in proceeds.
- Agreed to sell natural casings business for approximately €58.0 million ($66.3 million).
Price Impact
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