Icl Group Ltd. Stock Price, News & Analysis

ICL announces the retirement of CFO Kobi Altman effective January 1, 2022, as he focuses on family. He is succeeded by Aviram Lahav, who brings over 20 years of experience from roles at ADAMA and Delta Galil Industries. President and CEO Raviv Zoller praised Altman's leadership, emphasizing his contribution to a strong financial organization that will support ongoing business growth.

ICL (NYSE: ICL, TASE: ICL), a specialty minerals leader, will release its third quarter 2021 results before the TASE market opens on November 4, 2021. CEO Raviv Zoller and CFO Kobi Altman will host a conference call at 8:30 a.m. ET to discuss results and provide a business update. Analysts can join the call via toll-free numbers or online. ICL, which reported approximately $5.0 billion in 2020 revenues, emphasizes innovation in food, agriculture, and industrial sustainability.

ICL (NYSE: ICL), a global leader in specialty minerals, announced that its unique polyhalite fertilizer, Polysulphate, has received organic certification from the Control Union organization, recognized by the EU and USDA. This approval enhances Polysulphate as a premier organic fertilizer, containing four essential nutrients for crops with minimal environmental impact. ICL's Boulby mine in the UK produces Polysulphate sustainably without chemical processing. The growing demand for organic agriculture positions ICL favorably as it meets the evolving needs of global food production.

TEL AVIV, Israel -- ICL (NYSE: ICL, TASE: ICL), a global specialty minerals leader, announced that CFO Kobi Altman will present at CL King’s 19th Annual Best Ideas Conference on September 14, 2021, at 8:00 a.m. ET. A live webcast and replay will be available at the company's investor relations website.

ICL focuses on sustainable solutions in food, agriculture, and industrial markets, reporting approximately $5.0 billion in revenues for 2020 and employing over 12,000 people globally.

ICL has announced the capability to provide a complete range of mono ammonium phosphate (MAP) solutions from its YPH joint venture in China, enhancing flexibility and cost-effectiveness in meeting unique customer specifications. This comes amid a significant growth opportunity in the lithium iron phosphate (LFP) battery market, expected to reach over 1 million tons with a market value of up to $5 billion by 2030. ICL is also collaborating with the Columbia Electrochemical Energy Center to improve battery technologies, aiming to capitalize on the increasing demand for EVs and energy storage.

ICL (NYSE: ICL) has published its 2020 Corporate Responsibility Report, featuring over 140 topic-specific pages and interactive content.

The company aims to transform its operations towards sustainable solutions, committing to carbon neutrality by 2050 and a 30% reduction in greenhouse gas emissions by 2030. ICL also plans to transition to 50% renewable energy by 2040 and enhance its circular economy initiatives.

With 2020 revenues around $5 billion, ICL continues to lead in global specialty minerals, employing over 12,000 people worldwide.

ICL has launched the ICL Planet Startup Hub, an initiative aimed at supporting innovative foodTech and agriTech start-ups. The platform will provide investment and mentoring to these start-ups. ICL's initial investment is $1 million in Protera, an AI-driven company focused on developing sustainable protein solutions. This investment aligns with ICL's commitment to advance its food specialties strategy and addresses important ethical and environmental challenges in food production.

ICL reported strong financial results for Q2 2021, with consolidated sales reaching $1,617 million, a 34% increase year-over-year. The company posted an operating income of $243 million, reversing a loss from the previous year. Net income was $140 million, up from a loss of $168 million. Adjusted EBITDA rose 43% to $351 million, driven by high demand and increased prices across divisions. ICL also completed the acquisition of Compass Minerals' South American Plant Nutrition business, bolstering its position in Brazil's growing agriculture market.