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Business Segments
 9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company sells its products domestically and internationally, operating within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The measure of segment income/(loss) includes all revenues, operating expenses (excluding certain amortization of intangibles), and selling, general and administrative expenses incurred at all operating locations and excludes corporate activities.

Included in corporate activities are general corporate expenses and the amortization of certain intangibles. Assets of corporate activities include cash, unallocated prepaid expenses, deferred tax assets, prepaid pension, and miscellaneous other assets.

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, Darling Canada, 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 and meat-by-products 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.

Business Segments (in thousands):
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Three Months Ended September 28, 2024
Total net sales$927,457 $357,292 $137,142 $— $1,421,891 
Cost of sales and operating expenses727,642 271,861 108,816 — 1,108,319 
Gross margin199,815 85,431 28,326 — 313,572 
Loss/(gain) on sale of assets204 49 (2)— 251 
Selling, general and administrative expenses67,445 28,351 7,757 12,164 115,717 
Acquisition and integration costs— — — 218 218 
Change in fair value of contingent consideration16,156 — — — 16,156 
Depreciation and amortization85,480 26,743 9,297 2,033 123,553 
Equity in net income of Diamond Green Diesel— — 2,430 — 2,430 
Segment operating income/(loss)30,530 30,288 13,704 (14,415)60,107 
Equity in net income of other unconsolidated subsidiaries3,782 — — — 3,782 
Segment income/(loss)34,312 30,288 13,704 (14,415)63,889 
Total other expense(62,245)
Income before income taxes$1,644 

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Three Months Ended September 30, 2023
Total net sales$1,047,796 $455,744 $121,664 $— $1,625,204 
Cost of sales and operating expenses804,312 338,208 96,213 — 1,238,733 
Gross margin243,484 117,536 25,451 — 386,471 
Loss/(gain) on sale of assets833 117 (21)— 929 
Selling, general and administrative expenses80,985 31,463 5,666 19,583 137,697 
Acquisition and integration costs— — — 3,430 3,430 
Change in fair value of contingent consideration(5,559)— — — (5,559)
Depreciation and amortization88,954 25,418 9,026 2,596 125,994 
Equity in net income of Diamond Green Diesel— — 54,389 — 54,389 
Segment operating income/(loss)78,271 60,538 65,169 (25,609)178,369 
Equity in net income of other unconsolidated subsidiaries1,534 — — — 1,534 
Segment income/(loss)79,805 60,538 65,169 (25,609)179,903 
Total other expense(67,186)
Income before income taxes$112,717 
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Nine Months Ended September 28, 2024
Total net sales$2,751,452 $1,127,415 $418,615 $— $4,297,482 
Cost of sales and operating expenses2,171,282 846,766 335,358 — 3,353,406 
Gross margin580,170 280,649 83,257 — 944,076 
Loss/(gain) on sale of assets541 (208)(434)— (101)
Selling, general and administrative expenses218,598 88,939 24,911 52,143 384,591 
Acquisition and integration costs— — — 5,402 5,402 
Change in fair value of contingent consideration(42,215)— — — (42,215)
Depreciation and amortization259,493 82,983 26,687 6,504 375,667 
Equity in net income of Diamond Green Diesel— — 125,046 — 125,046 
Segment operating income/(loss)143,753 108,935 157,139 (64,049)345,778 
Equity in net income of other unconsolidated subsidiaries9,109 — — — 9,109 
Segment income/(loss)152,862 108,935 157,139 (64,049)354,887 
Total other expense(185,609)
Income before income taxes$169,278 
Segment assets at September 28, 2024$4,318,626 $2,219,932 $2,611,464 $1,422,697 $10,572,719 


Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Nine Months Ended September 30, 2023
Total net sales$3,426,950 $1,328,229 $418,818 $— $5,173,997 
Cost of sales and operating expenses2,630,797 999,418 335,193 — 3,965,408 
Gross margin796,153 328,811 83,625 — 1,208,589 
Loss/(gain) on sale of assets813 99 (51)— 861 
Selling, general and administrative expenses233,082 98,269 16,829 61,734 409,914 
Restructuring and asset impairment charges92 5,328 — — 5,420 
Acquisition and integration costs— — — 12,158 12,158 
Change in fair value of contingent consideration(13,058)— — — (13,058)
Depreciation and amortization261,849 68,336 25,986 7,915 364,086 
Equity in net income of Diamond Green Diesel— — 361,690 — 361,690 
Segment operating income/(loss)313,375 156,779 402,551 (81,807)790,898 
Equity in net income of other unconsolidated subsidiaries3,503 — — — 3,503 
Segment income/(loss)316,878 156,779 402,551 (81,807)794,401 
Total other expense(168,946)
Income before income taxes$625,455 
Segment assets at December 30, 2023$4,702,593 $2,646,702 $2,589,145 $1,122,644 $11,061,084