Earnings Releases·Oct 28, 2026, 4:43 PM ET

Darling Ingredients — Q3 2026 Earnings Summary

Q3 2026 net income surged to $267.0 million ($1.67/share) from $19.4 million ($0.12/share) in Q3 2025, while total net sales rose to $1.8 billion from $1.6 billion; year-to-date net income reached $788.6 million on $5.1 billion in sales.
Combined Adjusted EBITDA for the quarter was $514.3 million compared to $244.9 million in the prior year period, with full-year 2026 guidance reaffirmed at $2.2 billion to $2.3 billion.
The company reduced net debt by approximately $420 million during the quarter, bringing total debt to $3.5 billion with a preliminary leverage ratio of 1.7X, and anticipates ending the fiscal year with net debt at or below $3.0 billion.
Capital returns included $149.4 million in total share repurchases for the quarter, supported by $171.0 million in cash distributions from Diamond Green Diesel.
Management expressed confidence in momentum heading into 2027, citing a strong balance sheet and cash-generating power, with full-year capital expenditures estimated at approximately $450.0 million.