v3.26.1
Business Segments (Tables)
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Business Segments
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)