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SEC filingDarling Ingredients presented 2026 Investor Day materials highlighting Q1 2026 financial run-rate of $1.624B adjusted EBITDA, debt reduction trajectory to $3.2B, and long-term cash generation potential of $2-6B by 2030.
Darling Ingredients' 2026 Investor Day underscores a multi-year transformation yielding global scale across rendering, renewables, and collagen markets, with 260+ facilities and ~16,000 employees. Q1 2026 results show robust $406M adjusted EBITDA on $1.624B annual run-rate, driven by Diamond Green Diesel's high-capacity utilization amid supportive RVO mandates increasing D4/D5 RIN demand, and Feed segment resilience via I-RORV metrics indicating $150-300M EBITDA uplift potential from efficiency and pricing. Balance sheet strengthening with debt declining to $3.2B and leverage at 1.82x, generating ~$875M free cash for deleveraging. Food segment pivots to premium Nextida collagen peptides, targeting 7-11x gelatin margins with 35% mix by 2030. Management outlines $4-6B cash potential by 2030 across cycles, funding tuck-ins, buybacks, and expansions in SAF, biogas, and collagen, positioning for accelerated returns while navigating volatility in feedstocks, biofuels policy, and global animal production shifts.