Darling Ingredients Inc. 10-Q filed Aug 7, 2026

Modified · Risks Associated with Tariffs

We expect tariffs on products imported into the U.S. from Brazil, Canada, China, the European Union and Mexico, and other countries upon which tariffs may be imposed, to continue to be met with retaliatory tariffs or other measures from those countries, both of which (U.S. and foreign tariffs) could impact our consolidated results of operations as we export certain of our finished products to and from the U.S. While to date these tariffs have not had a material impact on our results of operations, the extent and duration of tariffs and the resulting impact on macroeconomic conditions and on our business are uncertain and may depend on various factors, including negotiations between the U.S. and affected countries, retaliation imposed by other countries, tariff exemptions, negative sentiment toward U.S. companies and products, and availability of lower cost inputs to our customers. In addition, on following the February 20, 2026, the U.S. Supreme Court of the United States declared some ofdecision that declared U.S. tariffs imposed under the existing U.S. tariffs imposed International Emergency Economic Powers Act (“IEEPA”) on certain countries unlawful, new U.S. It remains uncertain how this decision will affect tariffs have been imposed under other laws which could impact our results of operations. Also, following the existing tariffs or whether additional tariffs will be imposed under other lawsU.S. Supreme Court decision, the U.S. Court of International Trade ordered U.S. Meanwhile, Customs and Border Protection (“CBP”) to refund IEEPA tariffs. The CBP then established the Consolidated Administration & Processing of Entries (“CAPE”) system to process refunds. The Company and the Company’s its DGD Joint Venture have opportunities since applied for meaningful and made certain tariff recoveries in excess of tariff reimbursements to customers. For further information about the Company’s recoveries, recorded using the loss recovery model, see our Food Segment discussions in results of operations. We will continue to evaluate the nature and extent of the impact from tariffs on our business and consolidated results of operations and actions we can take to minimize their impact.