v3.26.1
Revenue (Notes)
 6 Months Ended
Jul. 04, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue 
The Company extends payment terms to its customers based on commercially acceptable practices. The term between invoicing and payment due date is not significant. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring finished products or performing services, which is generally based on an executed agreement or purchase order.

Most of the Company’s products are shipped based on the customer specifications. Customer returns are infrequent and not material to the Company. Adjustments to net sales for sales deductions are generally recognized in the same period as the sale or when known. Customers in certain industries or countries may be required to prepay prior to shipment in order to maintain payment protection. These represent short-term prepayment from customers and are not material to the Company. The Company elected to treat shipping and handling as fulfillment costs. Sales, value-add, and other taxes collected concurrently with revenue-producing activities are excluded from revenue and booked on a net basis.

The following tables present the Company’s revenues disaggregated by geographic area and major product types by reportable segment for the three and six months ended July 4, 2026 and June 28, 2025 (in thousands):
Three Months Ended July 4, 2026
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$920,357 $83,314 $— $1,003,671 
Europe106,450 197,634 166,074 470,158 
China9,948 64,816 — 74,764 
South America107,891 44,779 — 152,670 
Other4,844 17,971 — 22,815 
Total net sales$1,149,490 $408,514 $166,074 $1,724,078 
Major product types
Fats$493,516 $44,461 $— $537,977 
Used cooking oil164,013 — — 164,013 
Proteins370,870 — — 370,870 
Bakery46,985 — — 46,985 
Other rendering63,000 — — 63,000 
Food ingredients— 335,888 — 335,888 
Bioenergy— — 166,074 166,074 
Other11,106 28,165 — 39,271 
Total net sales$1,149,490 $408,514 $166,074 $1,724,078 


Six Months Ended July 4, 2026
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$1,664,830 $167,055 $— $1,831,885 
Europe230,776 400,778 326,324 957,878 
China20,059 129,593 — 149,652 
South America209,844 81,284 — 291,128 
Other9,319 35,037 — 44,356 
Total net sales$2,134,828 $813,747 $326,324 $3,274,899 
Major product types
Fats$878,125 $92,035 $— $970,160 
Used cooking oil273,499 — — 273,499 
Proteins736,903 — — 736,903 
Bakery88,401 — — 88,401 
Other rendering135,200 — — 135,200 
Food ingredients— 666,932 — 666,932 
Bioenergy— — 326,324 326,324 
Other22,700 54,780 — 77,480 
Total net sales$2,134,828 $813,747 $326,324 $3,274,899 
Three Months Ended June 28, 2025
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$708,823 $111,049 $— $819,872 
Europe103,686 184,750 158,844 447,280 
China7,319 53,825 — 61,144 
South America113,049 26,100 — 139,149 
Other3,655 10,418 — 14,073 
Total net sales$936,532 $386,142 $158,844 $1,481,518 
Major product types
Fats$389,991 $44,681 $— $434,672 
Used cooking oil85,260 — — 85,260 
Proteins326,983 — — 326,983 
Bakery51,552 — — 51,552 
Other rendering70,801 — — 70,801 
Food ingredients— 311,348 — 311,348 
Bioenergy— — 158,844 158,844 
Other11,945 30,113 — 42,058 
Total net sales$936,532 $386,142 $158,844 $1,481,518 


Six Months Ended June 28, 2025
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$1,397,526 $209,010 $— $1,606,536 
Europe208,738 352,797 293,915 855,450 
China10,984 104,195 — 115,179 
South America208,373 47,737 — 256,110 
Other7,194 21,643 — 28,837 
Total net sales$1,832,815 $735,382 $293,915 $2,862,112 
Major product types
Fats$731,515 $89,050 $— $820,565 
Used cooking oil164,200 — — 164,200 
Proteins678,200 — — 678,200 
Bakery102,200 — — 102,200 
Other rendering133,000 — — 133,000 
Food ingredients— 589,930 — 589,930 
Bioenergy— — 293,915 293,915 
Other23,700 56,402 — 80,102 
Total net sales$1,832,815 $735,382 $293,915 $2,862,112 
Long-Term Performance Obligations. The Company from time to time enters into long-term contracts to supply certain volumes of finished products to certain customers. Revenue recognized to date in 2026 under these long-term supply contracts was approximately $58.7 million with remaining performance obligations to be recognized in future periods (generally 3 years) of approximately $385.2 million.