ICL(ICL)

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ICL Group (ICL) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-11 13:11
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 ...
Earnings Preview: ICL Group (ICL) Q3 Earnings Expected to Decline
ZACKS· 2024-11-04 16:01
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 Expands in China With New Food Specialty Plant to Drive Innovation
ZACKS· 2024-09-25 16:15
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's (ICL) Earnings and Revenues Beat Estimates in Q2
ZACKS· 2024-08-16 16:40
Core Insights - ICL Group Ltd reported a profit of $115 million or 9 cents per share in Q2 2024, a decrease from $163 million or 13 cents in the same quarter last year, but adjusted earnings per share of 10 cents exceeded the Zacks Consensus Estimate of 9 cents [1] - Sales declined approximately 6% year-over-year to $1,752 million, surpassing the Zacks Consensus Estimate of $1,733.2 million [1] Segment Highlights - Industrial Products segment sales increased by 5% year-over-year to $315 million, with flat EBITDA at $74 million, marking the third consecutive quarter of sequential EBITDA improvement [2] - Potash segment sales fell by 27.5% year-over-year to $422 million, with EBITDA down 44% year-over-year to $118 million [2] - Phosphate Solutions segment sales rose by 1% year-over-year to $572 million, with EBITDA increasing by 13% year-over-year to $146 million, indicating a second consecutive quarter of sequential sales improvement [3] - Growing Solutions segment sales grew by 3% year-over-year to $494 million, with EBITDA nearly doubling from $22 million to $45 million [4] Financials - At the end of the quarter, ICL had cash and cash equivalents of $287 million, a decrease of around 23% year-over-year, while long-term debt was $1,850 million, down nearly 13% year-over-year [5] - Cash provided by operating activities was $316 million in the reported quarter [5] Guidance - The company updated its full-year 2024 guidance, projecting specialties-driven EBITDA of $0.8 billion to $1 billion, an increase from the previous guidance of $0.7 billion to $0.9 billion, with expected potash sales volumes remaining unchanged at 4.6-4.9 million metric tons [6] Price Performance - ICL's shares have declined by 31.1% over the past year, compared to a 23.9% decline in the industry [7]
ICL Group (ICL) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-14 12:05
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 ...
Earnings Preview: ICL Group (ICL) Q2 Earnings Expected to Decline
ZACKS· 2024-08-07 15:06
The market expects ICL Group (ICL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Au ...
ICL and Lavie Bio Leverage Artificial Intelligence to Make Significant Advancement in Development of Yield Increasing Bio-Stimulants
Prnewswire· 2024-07-17 12:00
This success paves the way for field trials in both the U.S. and Brazil in the second half of 2024, with results available by year-end. Lavie Bio will continue to leverage AI to drive product development and optimization, while ICL will guide the development and lead the way to product commercialization. The parties aim to start the regulatory process in 2026, just three years from program initiation. Recent research underscores the economic impact of climate change on global row crops, with extreme weather ...
ICL Group: It's Gotten Too Cheap, Potential For Growth
Seeking Alpha· 2024-07-08 01:05
sanjeri Investment Thesis Shares of ICL Group (NYSE:ICL) have gotten cheap enough for investors to look into buying, in my opinion. At around $4, the stock has priced in worst-case scenarios while leaving the upside for grabs. I believe the company is trading near a cyclical bottom as fertilizers trade at very historically cheap levels. Therefore, I think the longterm upside for ICL Group is attractive and recommend investors look into buying this chemical and fertilizer company at a pretty cheap valuation ...
Israel Corp. Reports Results for First Quarter of 2024
Prnewswire· 2024-05-30 17:32
Financial Performance - Israel Corporation Ltd. (ILCO) reported a net profit of $62 million for Q1 2024, a decrease from $117 million in Q1 2023, reflecting a year-over-year decline of approximately 47% [2] - ILCO's share in ICL profit for Q1 2024 was $48 million, down from $123 million in Q1 2023, indicating a significant reduction of about 61% [2] - Total assets as of March 31, 2024, amounted to $3.065 billion, with net cash totaling $78 million, an increase from $70 million as of December 31, 2023 [3] Liquidity and Financial Position - As of March 31, 2024, ILCO had total financial liabilities of $869 million and investments in liquid assets of $978 million, of which $10 million were pledged deposits [3] - The net cash position includes the fair value of derivatives transactions, which increased the economic value of financial liabilities by $31 million [3] Corporate Actions - ILCO completed a buyback program of $33 million that was initiated on November 16, 2023, and active until March 31, 2024 [4] - The Board of Directors declared a dividend distribution of $37 million on March 27, 2024, with a payment date set for April 17, 2024 [4] Strategic Focus - ILCO aims to expand its portfolio through new investments, focusing on sectors such as food technology, agriculture technology, healthcare, and Industry 4.0 [7] - The company holds approximately 44% stake in ICL Group and about 18% stake in AKVA Group, indicating a concentrated investment strategy [8]
ICL Group (ICL) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-09 12:06
ICL Group (ICL) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. 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 ...