Darling Ingredients ( (DAR) ) has released its Q4 earnings. Here is a breakdown of the information Darling Ingredients presented to its investors.
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Darling Ingredients Inc. is a major player in the circular economy, converting animal agriculture and food industry by-products into valuable ingredients and renewable energy, with operations across more than 15 countries. The company recently reported its financial performance for the fourth quarter and fiscal year 2024, revealing significant achievements in its renewable diesel segment through its joint venture, Diamond Green Diesel.
The joint venture reported an operating income of $170 million in the fourth quarter, while also facing a valuation adjustment of $118 million. For the entire fiscal year, the operating income reached $507 million, with a total adjustment of $176 million. Diamond Green Diesel managed to sell 292.8 million gallons of renewable fuels in the last quarter and 1.25 billion gallons over the year, reflecting its robust production capacity.
Darling Ingredients reported that its core business experienced its strongest quarterly performance in 2024, driven by rising fat prices and the successful production of sustainable aviation fuel. The company is optimistic about its ongoing momentum into 2025, aided by the new Clean Fuels Production Credit, which is expected to bolster its financial performance further.
Looking ahead, Darling Ingredients anticipates building on its current momentum, with a focus on maximizing the benefits of the Clean Fuels Production Credit. The company is poised to continue its growth trajectory as a leader in the renewable energy sector, supported by strategic initiatives and favorable market conditions.
