Financial Performance - Total Net Sales increased by 1.8% to $1,481.5 million in Q2 2025 compared to $1,455.3 million in Q2 2024[4] - Gross Margin increased by 5.8% to $345.9 million in Q2 2025 compared to $326.9 million in Q2 2024[4] - Net Income decreased significantly by 83.9% to $12.7 million in Q2 2025 compared to $78.9 million in Q2 2024[4] - EPS Diluted decreased by 83.7% to $0.08 in Q2 2025 compared to $0.49 in Q2 2024[4] - Total combined adjusted EBITDA decreased by 8.8% to $249.5 million in Q2 2025 compared to $273.6 million in Q2 2024[4] Segment Performance - Feed segment adjusted EBITDA increased by 11.3% to $135.9 million in Q2 2025 compared to $122.1 million in Q2 2024[4] - Food segment adjusted EBITDA decreased by 4.5% to $69.9 million in Q2 2025 compared to $73.2 million in Q2 2024[4] - Fuel segment adjusted EBITDA decreased by 29.1% to $61.3 million in Q2 2025 compared to $96.8 million in Q2 2024[4] Balance Sheet - Cash and cash equivalents were $95 million as of June 28, 2025, compared to $76 million as of December 28, 2024[5] - Total debt was $3,980 million as of June 28, 2025, compared to $4,042 million as of December 28, 2024[5]

Financial Performance Overview - Total net sales for Q1 2025 were $1,380.6 million, a decrease of 2.8% compared to $1,420.3 million in Q1 2024[5] - The company reported a net loss of $(26.2) million in Q1 2025, a significant decrease compared to a net income of $81.2 million in Q1 2024[4, 5] - EPS Diluted was $(0.16) in Q1 2025, compared to $0.50 in Q1 2024, representing a decrease of 132.0%[4, 5] - Combined Adjusted EBITDA was $195.8 million in Q1 2025, a decrease of 30.1% compared to $280.1 million in Q1 2024[4, 5] Segment Performance - Feed Ingredients Segment reported income of $23.6 million and Adjusted EBITDA of $110.6 million in Q1 2025[4] - Food Ingredients Segment reported income of $41.4 million and Adjusted EBITDA of $70.9 million in Q1 2025[4] - Fuel Ingredients Segment reported a loss of $(20.9) million and Adjusted EBITDA of $24.2 million in Q1 2025[4] Diamond Green Diesel (DGD) - Darling Ingredients received $129.5 million in dividends from Diamond Green Diesel (DGD)[4] - DGD Adjusted EBITDA (Darling's Share) was $6.0 million in Q1 2025, significantly lower than $115.1 million in Q1 2024[18, 22] - Total gallons produced by DGD were 216.1 million in Q1 2025, compared to 335.4 million in Q1 2024[22] - EBITDA per gallon sold/shipped by DGD was $0.06 in Q1 2025, compared to $0.69 in Q1 2024[22] Balance Sheet - Total debt was $3,921 million as of March 29, 2025, compared to $4,042 million as of December 28, 2024[6]