v3.26.1
Business Segments
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Business Segments Business Segments 
The Company sells its products through a global network of over 260 locations across five continents within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The Company's segments are determined as those operations whose results are reviewed regularly by the chief operating decision maker (“CODM”), who is the Company's Chief Executive Officer, in deciding how to allocate resources and assess performance. Each segment is organized and managed based upon the nature of the Company's markets and customers and consists of similar products and services.

The following is a description of each segment's business operations.

Feed Ingredients
Feed Ingredients consists principally of (i) the Company’s U.S. ingredients business, including the Company’s fats and proteins, used cooking oil, trap grease, the Company's Canada ingredients business, and the ingredients and specialty products businesses conducted by Darling Ingredients International under the Sonac and FASA names (proteins, fats, and blood products) and (ii) the Company’s bakery residuals business. Feed Ingredients operations process animal by-products and used cooking oil into fats, proteins and hides.
Food Ingredients
Food Ingredients consists principally of (i) the collagen business conducted by Darling Ingredients International under the Rousselot and Gelnex names, (ii) the natural casings business conducted by Darling Ingredients International under the CTH name and (iii) certain specialty products businesses conducted by Darling Ingredients International under the Sonac name.

Fuel Ingredients
The Company’s Fuel Ingredients segment consists of (i) the Company’s investment in the DGD Joint Venture and (ii) the bioenergy business conducted by Darling Ingredients International under the Ecoson and Rendac names.

The performance of the operating segments is evaluated based on segment income/(loss) which includes all revenues, operating expenses, and selling, general and administrative expenses incurred at all operating locations and excludes general corporate expenses. The CODM uses segment income/(loss) as the measure to make resource (including financial or capital resources) allocation decisions for each segment, predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis when evaluating performance for each segment and making decisions about capital allocation. Accounting policies have been applied consistently by all segments within the Company for all reporting periods. Intercompany revenue and expense amounts have been eliminated within each segment to report on the basis that management uses internally for evaluating segment performance. Our CODM is not provided with total assets by segment since we do not measure, evaluate the performance, or allocate capital resources on a segment basis. As a result, we have not disclosed any asset information by segment.

Business Segments (in thousands):
Feed IngredientsFood IngredientsFuel IngredientsCorporate (a)Total
Three Months Ended July 4, 2026
Total net sales$1,149,490 $408,514 $166,074 $— $1,724,078 
Cost of sales and operating expenses829,513 260,196 130,996 — 1,220,705 
Gross margin319,977 148,318 35,078 — 503,373 
Loss/(gain) on sale of assets(243)412 (285)— (116)
Selling, general and administrative expenses79,723 39,426 9,394 22,407 150,950 
Restructuring and asset impairment charges— 3,933 — — 3,933 
Acquisition and integration costs— — — 13,218 13,218 
Depreciation and amortization89,812 29,635 9,229 1,504 130,180 
Equity in net income of Diamond Green Diesel— — 350,030 — 350,030 
Segment operating income/(loss)150,685 74,912 366,770 (37,129)555,238 
Equity in net income of other unconsolidated subsidiaries1,905 — — — 1,905 
Segment income/(loss)152,590 74,912 366,770 (37,129)557,143 
Total other expense (b)(57,236)
Income before income taxes$499,907 

(a)    Included in corporate activities are general corporate expenses.

(b)    Total other expense includes interest expense, foreign currency gain/(loss) and other expense. Interest expense and foreign currency gain/(loss) are separately disclosed on our Consolidated Statements of Operations.
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Three Months Ended June 28, 2025
Total net sales$936,532 $386,142 $158,844 $— $1,481,518 
Cost of sales and operating expenses722,081 282,233 131,287 — 1,135,601 
Gross margin214,451 103,909 27,557 — 345,917 
Loss/(gain) on sale of assets1,085 (24)(109)— 952 
Selling, general and administrative expenses77,464 33,987 9,027 17,591 138,069 
Acquisition and integration costs— — — 3,383 3,383 
Change in fair value of contingent consideration12,583 — — — 12,583 
Depreciation and amortization83,419 27,391 8,763 1,489 121,062 
Equity in net income of Diamond Green Diesel— — 6,000 — 6,000 
Segment operating income/(loss)39,900 42,555 15,876 (22,463)75,868 
Equity in net income of other unconsolidated subsidiaries2,526 — — — 2,526 
Segment income/(loss)42,426 42,555 15,876 (22,463)78,394 
Total other expense (c)(60,064)
Income before income taxes$18,330 

(c)    Total other expense includes interest expense, foreign currency gain/(loss) and other expense. Interest expense and foreign currency gain/(loss) are separately disclosed on our Consolidated Statements of Operations.

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Six Months Ended July 4, 2026
Total net sales$2,134,828 $813,747 $326,324 $— $3,274,899 
Cost of sales and operating expenses1,565,867 548,172 252,566 — 2,366,605 
Gross margin568,961 265,575 73,758 — 908,294 
Loss/(gain) on sale of assets92 476 (481)— 87 
Selling, general and administrative expenses159,641 75,841 19,526 45,009 300,017 
Restructuring and asset impairment charges— 4,297 — — 4,297 
Acquisition and integration costs— — — 18,188 18,188 
Depreciation and amortization180,733 59,216 18,161 2,979 261,089 
Equity in net income of Diamond Green Diesel— — 457,393 — 457,393 
Segment operating income/(loss)228,495 125,745 493,945 (66,176)782,009 
Equity in net income of other unconsolidated subsidiaries4,800 — — — 4,800 
Segment income/(loss)233,295 125,745 493,945 (66,176)786,809 
Total other expense (d)(111,220)
Income before income taxes$675,589 

(d)    Total other expense includes interest expense, foreign currency gain/(loss) and other expense. Interest expense and foreign currency gain/(loss) are separately disclosed on our Consolidated Statements of Operations.
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Six Months Ended June 28, 2025
Total net sales$1,832,815 $735,382 $293,915 $— $2,862,112 
Cost of sales and operating expenses1,436,096 529,014 239,734 — 2,204,844 
Gross margin396,719 206,368 54,181 — 657,268 
Loss/(gain) on sale of assets1,200 31 (217)— 1,014 
Selling, general and administrative expenses149,035 65,459 17,568 27,563 259,625 
Acquisition and integration costs— — — 4,917 4,917 
Change in fair value of contingent consideration18,024 — — — 18,024 
Depreciation and amortization167,549 56,953 17,352 3,043 244,897 
Equity in net loss of Diamond Green Diesel— — (24,523)— (24,523)
Segment operating income/(loss)60,911 83,925 (5,045)(35,523)104,268 
Equity in net income of other unconsolidated subsidiaries5,154 — — — 5,154 
Segment income/(loss)66,065 83,925 (5,045)(35,523)109,422 
Total other expense (e)(116,060)
Loss before income taxes$(6,638)