Darling Ingredients Q1 net income $134.3 million vs. $26.2 million loss a year earlier
Darling Ingredients reported first quarter 2026 net income of $134.3 million, or $0.83 per diluted share, compared with a net loss of $26.2 million, or $0.16 per share, a year earlier. Combined Adjusted EBITDA rose to $406.8 million from $195.8 million, and the company guided second quarter 2026 core ingredients Adjusted EBITDA to $260-275 million. Total debt was $4.1 billion as of April 4, 2026.
Key points
- Net income $134.3 million ($0.83 per diluted share) vs. net loss of $26.2 million ($0.16 per share) in Q1 2025
- Total net sales $1.6 billion vs. $1.4 billion in Q1 2025
- Combined Adjusted EBITDA $406.8 million vs. $195.8 million; Q2 2026 core ingredients Adjusted EBITDA guidance of $260-275 million
- Total debt $4.1 billion and cash $116.0 million as of April 4, 2026; preliminary bank covenant leverage ratio 3.17x
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 30, 2026.
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.