Darling Ingredients’ Board of Directors Authorizes $1 billion Share Repurchase Program
Darling Ingredients today announced that the Board of Directors has refreshed and increased its share repurchase program to $1 billion.
“As our balance sheet continues to strengthen and cash generation accelerates, we have the flexibility to invest in our business, pursue attractive organic growth opportunities and return capital to our shareholders,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “This share repurchase program reflects our confidence in Darling’s future and demonstrates our commitment to delivering long-term shareholder value.”
As the company discussed at its Investor Day, Darling Ingredients expects to generate cash flow across various market cycles. Consistent with its disciplined capital allocation framework, the company will continue to evaluate strategies to deliver long-term shareholder value.