Darling Ingredients Inc. (DAR) Earnings Call Transcripts

Darling Ingredients Inc.'s Latest Earnings Call - May 13, 2026

In Q1 2026, Darling Ingredients Inc. (DAR:US) reported strong operational momentum driven by the renewable fuel standard (RVO) announcement and a resurgence in poultry meal exports. Revenue for the quarter reached $1.2 billion, with earnings per share (EPS) of $0.75, both exceeding analyst expectations. Management signaled a positive outlook, with expectations for continued growth in the biofuels and food segments, particularly in collagen products, while maintaining a cautious approach to guidance amid commodity volatility.

Reported metrics

Guidance from management

Management maintained a cautious outlook, emphasizing the importance of navigating commodity volatility while targeting a reduction in debt below $3 billion by year-end. They expect continued growth in biofuels and collagen segments, with potential for margin expansion.

What management said

I think we do need to change some trade flows. Specifically, I think last year, we exported -- the United States exported around 1 billion gallons of advanced biofuels. So those are barrels that could stay in the United States to help satisfy the obligation. In order for that to happen and in order to incentivize some imports, margins probably need to continue to increase somewhat. And that's an encouraging backdrop.

I mean clearly, the policy is working right now. Farm prices are improving. And so ultimately, what's interesting is when you can run this thing and say, on the S&Ds, they always have a way of balancing themselves and Clearly, the administration believed that, okay, we might tighten up the RIN bank or we might go to a small deficit, but that's okay because then it will write itself either through price, which what's ...

What analysts pressed on

Analysts expressed concerns about the impact of geopolitical tensions on commodity prices and trade flows, particularly regarding the Iranian conflict and U.S. tariffs. There were also questions about the sustainability of biofuel margins in a volatile market environment.

Main topics on the call

• Revenue Growth Acceleration — Darling reported a revenue of $1.2 billion for Q1 2026, driven by strong demand in biofuels and poultry meal exports. CEO Randall Stuewe noted, "we're hitting on all cylinders in the rendering business," indicating robus...
• Biofuel Market Dynamics — The RVO announcement has led to a resurgence in biofuel plant operations, with margins aligning with expectations. Stuewe mentioned, "the margins that we're seeing today in renewable diesel... we absolutely expected as a...
• Collagen Business Growth — Management highlighted significant growth in the collagen segment, which constitutes 85% of the Food segment's EBITDA. CFO Bob Day stated, "we're continuing to see significant growth in water soluble collagen across the ...
• Capital Allocation Strategy — Darling plans to prioritize organic growth and shareholder returns, with a focus on reducing debt below $3 billion by year-end. Stuewe indicated, "we want to have a strong financial policy at 2.5x," reflecting a discipli...

Read the full Darling Ingredients Inc. transcript (May 13, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 53 Darling Ingredients Inc. earnings call transcripts on record, spanning February 26, 2020 to July 30, 2026. Based on this history, Darling Ingredients Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DAR

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

53

First call

February 26, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly