Darling Ingredients posts $26.2 million Q1 net loss; reaffirms 2025 EBITDA outlook
Darling Ingredients reported a first-quarter 2025 net loss attributable to the company of $26.2 million, or $0.16 per diluted share, compared with net income of $81.2 million, or $0.50 per share, a year earlier. Total net sales fell to $1.38 billion from $1.42 billion, and Combined Adjusted EBITDA fell to $195.8 million from $280.1 million, which the company attributed to lower earnings at its Diamond Green Diesel joint venture. The company reaffirmed its 2025 Combined Adjusted EBITDA guidance of $1.25 to $1.30 billion, so shareholders face weaker recent results without a guidance cut.
Key points
- Net loss attributable to Darling of $26.2 million, or $0.16 per diluted share, versus net income of $81.2 million, or $0.50 per share, in Q1 2024
- Total net sales of $1.38 billion versus $1.42 billion a year earlier, reflecting lower finished product pricing
- Combined Adjusted EBITDA of $195.8 million versus $280.1 million; equity in net loss of Diamond Green Diesel was $30.5 million
- 2025 Combined Adjusted EBITDA guidance of $1.25 to $1.30 billion reaffirmed; repurchased about $35 million of common stock and paid down $146.2 million of debt in the quarter
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.