The earnings call reflected a mixed sentiment with positive developments in financial flexibility, gross margin improvements, and strategic joint ventures. However, these were offset by challenges in the renewable fuel segment, decreased EBITDA, and a decline in net income. The outlook for the core business remains strong, but uncertainty around the timing of regulatory impacts on the DGD segment persists.

Company Guidance -

Q3 2025

During the second quarter of 2025, Darling Ingredients provided financial guidance reflecting both the achievements and challenges faced by the company. The firm recorded a combined adjusted EBITDA of $249.5 million, down from $273.6 million in the same quarter of 2024. The company's Feed Segment showed strong performance, with net sales reaching $936.5 million and an improved gross margin of 22.9%, up from 21.0% in the previous year. However, the Fuel Segment experienced difficulties due to a challenging renewables environment, with Darling's share of DGD EBITDA declining to $42.6 million from $76.6 million year-over-year. Despite these challenges, the company remains optimistic about long-term growth, highlighting strategic initiatives such as the Nextida joint venture in the health and wellness space and ongoing improvements in the regulatory landscape, which are expected to positively impact future performance. Darling expects full-year combined adjusted EBITDA to be in the range of $1.05 billion to $1.1 billion.

Positive Earnings and Financial Flexibility

Darling Ingredients delivered positive earnings for Q2 2025, maintained strict capital discipline, and enhanced financial flexibility through successful refinancing. They locked in borrowing costs for the next 5+ years.

Gross Margin Improvement

Gross margins improved to 23.3% for Q2 2025 compared to 22.5% in Q2 2024. Year-to-date gross margins were also better at 23.0% compared to 21.9% in the first half of 2024.

Nextida Joint Venture Announcement

Darling Ingredients announced the intention to form Nextida, a new joint venture focused on the health and wellness space, aligning with their strategy to diversify and grow in high-margin areas.

Feed Segment Margin Expansion

Feed Segment saw margin expansion both quarter-over-quarter and year-over-year, supported by rising fat prices and operational efficiency.

Improved Debt Position

The company's total debt net of cash as of June 28, 2025, was reduced to $3.89 billion from $3.97 billion at the end of 2024, helping lower the leverage ratio to 3.34x.

Darling Ingredients (DAR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DAR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.40 / -	0.11	―	―	―
Jul 24, 2025	2025 (Q2)	0.24 / 0.08	0.49	-83.67% (-0.41)
Apr 24, 2025	2025 (Q1)	0.24 / -0.16	0.5	-132.00% (-0.66)
Feb 06, 2025	2024 (Q4)	0.42 / 0.63	0.52	21.15% (+0.11)
Oct 24, 2024	2024 (Q3)	0.31 / 0.11	0.77	-85.71% (-0.66)
Jul 25, 2024	2024 (Q2)	0.36 / 0.49	1.55	-68.39% (-1.06)
Apr 25, 2024	2024 (Q1)	0.51 / 0.50	1.14	-56.14% (-0.64)
Feb 27, 2024	2023 (Q4)	0.69 / 0.52	0.96	-45.83% (-0.44)
Nov 07, 2023	2023 (Q3)	0.81 / 0.77	1.17	-34.19% (-0.40)
Aug 08, 2023	2023 (Q2)	1.58 / 1.55	1.23	26.02% (+0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DAR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$36.86	$35.19	-4.53%
Apr 24, 2025	$30.35	$30.45	+0.33%
Feb 06, 2025	$36.05	$38.50	+6.80%
Oct 24, 2024	$38.25	$37.76	-1.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Darling Ingredients (DAR) report earnings?

Darling Ingredients (DAR) is schdueled to report earning on Nov 11, 2025, After Close (Confirmed).

What is Darling Ingredients (DAR) earnings time?

Darling Ingredients (DAR) earnings time is at Nov 11, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DAR EPS forecast?

DAR EPS forecast for the fiscal quarter 2025 (Q3) is 0.4.

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