Business Segments (Tables)

9 Months Ended

Sep. 28, 2024

Business Segments (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended September 28, 2024
Total net sales	$	927,457	$	357,292	$	137,142	$	—	$	1,421,891
Cost of sales and operating expenses	727,642		271,861		108,816		—		1,108,319
Gross margin	199,815		85,431		28,326		—		313,572

Loss/(gain) on sale of assets	204		49		(2)		—		251
Selling, general and administrative expenses	67,445		28,351		7,757		12,164		115,717

Acquisition and integration costs	—		—		—		218		218
Change in fair value of contingent consideration	16,156		—		—		—		16,156
Depreciation and amortization	85,480		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 subsidiaries	3,782		—		—		—		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 Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended September 30, 2023
Total net sales	$	1,047,796	$	455,744	$	121,664	$	—	$	1,625,204
Cost of sales and operating expenses	804,312		338,208		96,213		—		1,238,733
Gross margin	243,484		117,536		25,451		—		386,471

Loss/(gain) on sale of assets	833		117		(21)		—		929
Selling, general and administrative expenses	80,985		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 amortization	88,954		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 subsidiaries	1,534		—		—		—		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 Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
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 expenses	2,171,282		846,766		335,358		—		3,353,406
Gross margin	580,170		280,649		83,257		—		944,076

Loss/(gain) on sale of assets	541		(208)		(434)		—		(101)
Selling, general and administrative expenses	218,598		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 amortization	259,493		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 subsidiaries	9,109		—		—		—		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 Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
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 expenses	2,630,797		999,418		335,193		—		3,965,408
Gross margin	796,153		328,811		83,625		—		1,208,589

Loss/(gain) on sale of assets	813		99		(51)		—		861
Selling, general and administrative expenses	233,082		98,269		16,829		61,734		409,914
Restructuring and asset impairment charges	92		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 amortization	261,849		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 subsidiaries	3,503		—		—		—		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