Icl Group Ltd. Stock Price, News & Analysis

ICL (NYSE: ICL) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. The report is accessible on the SEC's website and ICL's official site. Additionally, shareholders can request a hard copy of the audited financial statements at no cost through Investor Relations. ICL is recognized for addressing sustainability challenges in food, agriculture, and industrial markets, generating approximately $5.0 billion in revenue in 2020 and employing over 11,000 staff globally.

ICL (NYSE: ICL, TASE: ICL), a leading global specialty minerals and chemicals company, announced that CFO Kobi Altman will present at Bank of America's Global Agriculture and Materials Conference on March 4, 2021, at 10:00 a.m. ET. A webcast will be available for live viewing, with a replay accessible for a limited time afterward. ICL focuses on sustainability in food, agriculture, and industrial markets and reported approximately $5.0 billion in revenues in 2020, employing over 11,000 individuals worldwide.

ICL reported strong financial results for Q4 2020, with sales of $1.3 billion, a year-over-year increase of over $200 million. Net income reached $65 million, up 35%, while adjusted EBITDA rose to $268 million, reflecting over 30% growth. All four divisions reported improvements in sales and operating income. The company expects adjusted EBITDA for 2021 to be between $1.02 billion and $1.12 billion, driven by favorable commodity prices and innovative products. Additionally, ICL completed the acquisition of Fertiláqua, enhancing its market position in Brazil.

ICL will report its fourth quarter and full year 2020 results on February 11, 2021, before the TASE market opens. The company plans to host a conference call at 8:30 a.m. ET the same day, led by CEO Raviv Zoller and CFO Kobi Altman, to discuss the results and provide a business update. Access to the call will be available through toll-free numbers and a webcast. ICL employs over 11,000 individuals globally and reported revenues of approximately $5.3 billion in 2019, focusing on sustainable solutions in food, agriculture, and industrial markets.

ICL has successfully completed the acquisition of Fertiláqua, a prominent Brazilian specialty plant nutrition company, for $122 million, including $40 million of net debt. This strategic move aims to enhance ICL's presence in the rapidly growing Brazilian agriculture market, leveraging Fertiláqua's strong distribution network for increased sales of organic and controlled-release fertilizers. CEO Raviv Zoller expressed confidence in expanding sales and achieving seasonal balance in the market.

Growers, an agronomic technology firm, has launched Beta testing for its new platform, Growers Rally™, aimed at enhancing collaboration between agriculture retailers and farmers. This platform integrates CRM and farm planning features, creating a new segment in ag tech: Grower Relationship Management (GRM). The Beta phase allows users to provide feedback to refine the product before its full release in summer 2021. Growers, acquired by ICL in 2020, aims to improve decision-making for farmers through data-driven solutions.

ICL announced a private placement offering of additional $93.1 million in 6.375% senior unsecured notes due 2038, priced at $1.29 per $1.00 principal amount. This effort will generate total proceeds of approximately $120 million. CFO Kobi Altman noted the effective yield is 4%. The funds will be used for general corporate purposes, including potential acquisitions and debt repayment. This issuance will join a previously issued $600 million of the same notes, with all notes treated as a single class under the indenture.

ICL reported Q3 2020 results with sales of $1.20 billion, unchanged from Q2 but 9% lower than Q3 2019. Operating income declined 50% to $100 million, and adjusted EBITDA decreased 26% to $226 million. The COVID-19 pandemic influenced performance, affecting commodity prices and demand. However, potash production reached a record and a strategic acquisition of Fertiláqua was announced, strengthening market presence in Brazil. The company maintains strong liquidity of $1.25 billion and declared a $29 million dividend.