分组1 - Darling Ingredients reported quarterly earnings of $0.64 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and showing a slight increase from $0.63 per share a year ago [1] - The earnings surprise for the quarter was +47.70%, contrasting with a previous quarter where the company reported earnings of $0.12 per share against an expectation of $0.13, resulting in a surprise of -7.69% [2] - The company generated revenues of $1.71 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 11.44%, and up from $1.42 billion year-over-year [3] 分组2 - Darling's stock has appreciated approximately 35.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.4% [4] - The current consensus EPS estimate for the upcoming quarter is $0.46 on revenues of $1.53 billion, and for the current fiscal year, it is $2.80 on revenues of $6.26 billion [8] - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 23% of over 250 Zacks industries, indicating potential challenges for stock performance [9]

Core Insights - Darling Ingredients Inc. reported a decline in net income for the fourth quarter and fiscal year 2025, with net income of $56.9 million or $0.35 per diluted share compared to $101.9 million or $0.63 per diluted share in the same period of 2024 [1][2] - The company achieved total net sales of $1.7 billion in Q4 2025, up from $1.42 billion in Q4 2024, and total net sales for the fiscal year reached $6.1 billion, compared to $5.7 billion in 2024 [1][2] - Combined Adjusted EBITDA for Q4 2025 was $336.1 million, an increase from $289.5 million in Q4 2024, while for the fiscal year, it totaled $1.03 billion, down from $1.08 billion in 2024 [1][2] Fourth Quarter Highlights - Combined Adjusted EBITDA was $336.1 million, compared to $289.5 million for Q4 2024 [1] - Total net sales were $1.7 billion, an increase from $1.42 billion for Q4 2024 [1] - Net income was $56.9 million, or $0.35 per GAAP diluted share, down from $101.9 million, or $0.63 per GAAP diluted share in Q4 2024 [1][2] Fiscal Year Highlights - Bank leverage ratio declined to 2.90X, indicating a commitment to deleveraging [1] - The company monetized $255 million of the $285 million in Production Tax Credit sales, enhancing cash generation [1] - Total net sales for the fiscal year were $6.1 billion, compared to $5.7 billion for fiscal year 2024 [1][2] - Net income for fiscal year 2025 was $62.8 million, or $0.39 per GAAP diluted share, compared to $278.9 million, or $1.73 per GAAP diluted share for fiscal year 2024 [1][2] Segment Performance - For the three months ended January 3, 2026, total net sales by segment included $1.13 billion from Feed Ingredients, $429 million from Food Ingredients, and $152.6 million from Fuel Ingredients [2] - The company reported a gross margin of $429.2 million for Q4 2025, compared to $333.8 million in Q4 2024 [2] - Segment Adjusted EBITDA for Feed Ingredients was $193.4 million, for Food Ingredients was $82.4 million, and for Fuel Ingredients was $27.2 million [2] Cash and Debt Position - As of January 3, 2026, the company had $88.7 million in cash and cash equivalents, with $1.32 billion available under its committed revolving credit agreement [1] - Total debt outstanding was $3.94 billion as of January 3, 2026 [1] Future Outlook - The company anticipates core ingredients business adjusted EBITDA for Q1 2026 to be approximately $240-$250 million [1] - Management expressed confidence in building on operational excellence and core strengths moving into 2026 [1]

Core Viewpoint - Investors in Darling Ingredients Inc. should closely monitor stock movements due to significant implied volatility in the options market, particularly for the Feb 20, 2026 $27.50 Put option [1] Company Analysis - Darling Ingredients is currently rated as Zacks Rank 3 (Hold) within the Food - Miscellaneous Industry, which is positioned in the bottom 28% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while no analysts have lowered their estimates, resulting in an increase in the Zacks Consensus Estimate from 34 cents per share to 43 cents per share [3] Options Market Insights - The high implied volatility surrounding Darling Ingredients suggests that options traders anticipate a significant price movement, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

Company Overview - Darling Ingredients is a food stock company that transforms animal byproducts into feed ingredients, food ingredients, and fuel like biodiesel [2][3] - The company operates in various industries, including food service, pharmaceuticals, and industrial feed and fertilizers [3] Stock Performance - Darling Ingredients' stock has increased approximately 31% year-to-date, indicating a significant upward movement [4] - Barrett raised the price target for Darling Ingredients from $36 to $62, upgrading the stock rating from neutral to outperform [5] Financial Catalysts - The company recently received an additional $50 million in production tax credits, which is nearly 50% of its net income of $108 million from the previous year [6][7] - The production tax credits are expected to positively impact earnings estimates for Darling Ingredients moving forward [8] Market Trends - The food stock sector, including companies like Tyson and Archer Daniel Midland, has been experiencing a resurgence, potentially linked to a weaker US dollar and improved export trade balance [10][11] - The recent performance of food stocks may be part of a defensive rotation into staples, food, energy, and materials, driven by institutional investment [14]

EXHIBIT 99.1 FOR IMMEDIATE RELEASE January 29, 2026 Darling Ingredients Issues Statement on Fourth Quarter and Fiscal Year 2025 Earnings; Announces Timing of Earnings Release and Conference Call IRVING, Texas, – Darling Ingredients Inc. (NYSE: DAR) today issued the following statement regarding fourth quarter and fiscal year 2025 earnings. For the 12 months ended Dec. 31, 2025, net loss for DGD was ($68) million. During the same time period, DGD sold/shipped 1.003 billion gallons of renewable fuels. As dete ...

Core Viewpoint - Darling Ingredients Inc. reported its fourth quarter and fiscal year 2025 earnings, highlighting the performance of its joint venture, Diamond Green Diesel (DGD), within the renewable diesel segment [1][2]. Financial Performance - For the three months ended December 31, 2025, DGD generated approximately $92 million in operating income, despite incurring a $24 million unfavorable lower of cost-or-market (LCM) inventory valuation adjustment [2]. - DGD's net income for the same period was $55 million, with sales of 285.3 million gallons of renewable fuels, resulting in an Adjusted EBITDA of $58 million or $0.41 per gallon [3]. - For the 12 months ended December 31, 2025, DGD reported a net loss of $68 million, with total sales of 1.003 billion gallons of renewable fuels, leading to an Adjusted EBITDA of $104 million or $0.21 per gallon [4]. Adjusted EBITDA Insights - Darling Ingredients' share of DGD Adjusted EBITDA for the three months and 12 months ended December 31, 2025, includes discounts related to the sale and prospective sale of Section 45Z Production Tax Credits [5]. - The company anticipates solid improvement in performance over prior outlooks, with further details to be provided in upcoming earnings materials [6]. Upcoming Events - Darling Ingredients will release its fourth quarter and fiscal year 2025 financial results on February 11, 2026, followed by a conference call on February 12, 2026, to discuss the results and company operations [7][8]. Company Overview - Darling Ingredients is a leader in circularity, transforming by-products from the animal agriculture and food industries into valuable ingredients and renewable energy, operating over 260 facilities globally [10].

Core Viewpoint - Darling Ingredients (DAR) is currently trading at low levels not seen since the pandemic, presenting a potential investment opportunity despite temporary margin compression concerns [1] Company Analysis - The company has been researched in-depth, focusing on various sectors including commodities (oil, natural gas, gold, copper) and technology (Google, Nokia) [1] - The analyst has transitioned from writing a blog to a value investing-focused YouTube channel, indicating a shift in strategy to reach a broader audience [1] Industry Insights - The analyst expresses a preference for covering metals and mining stocks but is also comfortable analyzing other sectors such as consumer discretionary/staples, REITs, and utilities [1]

Core Viewpoint - Darling Ingredients (DAR) is currently trading at low levels not seen since the pandemic, presenting a potential investment opportunity despite temporary margin compression concerns [1] Company Analysis - The company operates in the commodities sector, with a focus on various industries including metals and mining, consumer discretionary/staples, REITs, and utilities [1] - The analyst has over a decade of experience researching companies across different sectors, which enhances the depth of analysis provided [1] Market Context - The current market focus is on temporary margin compression, which may be influencing the stock's low trading levels [1] - The shift in focus from a personal blog to a value investing-focused YouTube channel indicates a strategic approach to reach a broader audience and share insights on various companies [1]

Group 1 - The document does not contain any relevant information regarding companies or industries [2][3][5][6]

Core Viewpoint - Darling Ingredients Inc. has successfully sold approximately $50 million in production tax credits generated under the Inflation Reduction Act through its Diamond Green Diesel joint venture, contributing to a total of $235 million in tax credit sales for 2025 [1] Group 1: Financial Performance - The company has previously sold $125 million and $60 million in production tax credits, indicating a strong performance in leveraging tax incentives [1] Group 2: Business Operations - The production tax credits are a result of the company's operations in the renewable diesel sector through the Diamond Green Diesel joint venture, highlighting the company's strategic focus on sustainable energy solutions [1]