ICL Group Ltd (ICL) recorded profits of $113 million or 9 cents per share in third-quarter 2024, down from $137 million or 11 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 11 cents. The bottom line beat the Zacks Consensus Estimate of 8 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Sales fell around 6% yearly to $1,753 million in the quarter. The figure beat the Zacks Consensus Estimate of $1,732.7 million.ICL’s Segment HighlightsSales ...

Financial Data and Key Metrics Changes - Sales for Q3 2024 reached $1.753 billion, marking an increase for the third consecutive quarter, while adjusted EBITDA was $383 million, up 11% year-over-year with an EBITDA margin expansion from 19% to 22% [8][10] - Year-to-date free cash flow improved to $572 million, reflecting a strong focus on cash generation [9] - Adjusted earnings per share for Q3 was $0.11, up 10% sequentially [10] Business Line Data and Key Metrics Changes - **Industrial Products**: Q3 sales increased 16% year-over-year to $309 million, with EBITDA rising 55% to $65 million and an EBITDA margin improvement from 16% to 21% [13] - **Potash Division**: Sales were $389 million with EBITDA of $120 million; however, average potash prices decreased by $45 CIF per ton year-over-year [16] - **Phosphate Solutions**: Sales reached $577 million with EBITDA of $140 million, and EBITDA margin expanded to 24% from 20% [19] - **Growing Solutions**: Sales were $538 million, down year-over-year, but EBITDA increased over 70% to $64 million, with a margin expansion to 12% [23] Market Data and Key Metrics Changes - Global industrial production remained stable, with slight increases in housing starts in the U.S. [32] - Grain prices ended Q3 lower, but farmer sentiment showed signs of improvement in October [33] - Potash prices continued to decline, while phosphate prices increased slightly year-over-year [34] Company Strategy and Development Direction - The company is focused on expanding its innovative product pipeline across all specialty-driven businesses and targeting cost savings and efficiency [11][27] - Plans to limit total annual potash sales volumes to 4.6 million metric tons, similar to 2023, in anticipation of improved conditions in 2025 [18][44] - The company aims to leverage opportunities in battery materials and expand its presence in the market [27][35] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges due to geopolitical issues but expressed confidence in meeting the 2024 plan while managing risks [7] - The outlook for 2025 appears positive, with expectations of stabilization in potash and continued growth in phosphate and growing solutions [47][50] - The company remains committed to cash generation and has a strong balance sheet with available resources of approximately $1.7 billion [42] Other Important Information - The company plans to distribute approximately $0.05 per share as a dividend next month, maintaining a trailing twelve-month dividend yield of 4.6% [11][43] - The Customer Innovation and Qualification Center in North America is nearing completion, with commercial production expected to begin in 2027 [28] Q&A Session Summary Question: Preliminary specialty outlook for 2025 - Management has preliminary thoughts indicating further stabilization in potash and positive trends in phosphate and growing solutions [47][50] Question: Impact of geopolitics on shipping costs - The main issue remains logistics and shipping costs, with adjustments made to ensure product delivery flexibility [52][54] Question: Sensitivity of specialties EBITDA guidance - The guidance range is influenced by market conditions, with potential for both upward and downward adjustments based on demand [58][65] Question: Performance of industrial products pricing - Pricing has stabilized, with expectations for gradual improvement as demand strengthens [61][62] Question: Breakdown of specialties guidance increase - Phosphate solutions have shown significant improvement, contributing to the overall positive outlook [72][74] Question: Potash sales volume strategy - The company plans to limit potash sales to manage pricing and logistics effectively, with a focus on maintaining production discipline [76][78] Question: Investment in innovative areas like gene editing - The company is cautious about entering exploratory areas but is investing in applied R&D to enhance its agricultural offerings [83][85] Question: Chinese bromine capacity market exit - Minimal capacity has exited, but production has been muted, indicating potential future market adjustments [87][89]

ICL Group (ICL) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this potash and fertilizer producer would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%.Over the last four quarte ...

ICL Group (ICL) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 11, 2024, might help the stock move higher if these key numbers are better than e ...

ICL Group Ltd (ICL) announced the opening of a new food specialty plant in China. This facility aims to enhance customer partnerships by developing innovative food products tailored to Chinese consumers' tastes. Located in the bustling Zhangjiagang Free Trade Zone in Greater Shanghai, the plant will produce specialty food solutions, including texturants and marinades, focusing on the meat, poultry and seafood sectors. ICL aims to leverage its new facility to strengthen relationships with existing customers ...

ICL Group Ltd (ICL) , a leading global specialty minerals company, recently announced the signing of a fiveyear agreement with AMP Holdings Group Co. Ltd., one of China's leading agricultural distribution companies. Valued at nearly $170 million, this agreement will run until 2028 and aligns with ICL's goal of expanding its Growing Solutions product offerings. This will position its business for further growth in key end markets. The agreement focuses on specialty water-soluble fertilizers, which are primar ...

ICL Group Ltd (ICL) recorded profits of $115 million or 9 cents per share in second-quarter 2024, down from $163 million or 13 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 10 cents. The bottom line beat the Zacks Consensus Estimate of 9 cents. Sales fell around 6% yearly to $1,752 million in the quarter. The figure beat the Zacks Consensus Estimate of $1,733.2 million. Segment Highlights Sales in the Industrial Products segment rose 5% year over year to $315 millio ...

Second Quarter 2024 Financial Results Raviv Zoller | President and CEO August 14, 2024 | --- | --- ...

ICL Group Ltd (NYSE:ICL) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants Peggy Reilly Tharp - VP-Global IR Raviv Zoller – CEO Aviram Lahav - CFO Conference Call Participants Ben Theurer – Barclays Joel Jackson - BMO Capital Lisa De Neve - Morgan Stanley Erica Eve – Unknown Company Operator Ladies and gentlemen, thank you for standing by, and welcome to the ICL Analyst Conference Call. Our presentation today will be followed by a question-and-answer session. [Operator Instruc ...

ICL Group (ICL) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this potash and fertilizer producer would post earnings of $0.08 per share when it actually produced earnings of $0.09, delivering a surprise of 12.50%. Over the last four quart ...