DARLING INGREDIENTS INC. · NYSE
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Darling (DAR) Upgraded to Buy: Here's What You Should KnowZacks Investment Research
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Can Darling Ingredients' Portfolio Reset Drive Long-Term Growth?Darling Ingredients (DAR) completed the sale of its CTH-branded sausage casings business to SARIA as part of its portfolio optimization and debt reduction strategy. The company reduced net debt by $223 million in Q2 and is targeting year-end leverage below 2.0X. DAR's Food Ingredients segment showed strong performance with sales up 5.8% and adjusted EBITDA rising 55.1%, driven by improved collagen demand.
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