Welcome to our dedicated page for Icl Group Ltd. news (Ticker: ICL), a resource for investors and traders seeking the latest updates and insights on Icl Group Ltd. stock.
ICL Group Ltd. (ICL) is frequently in the news as a global specialty minerals company active in food, agriculture and industrial markets. Its public announcements and SEC reports highlight developments across bromine, potash and phosphate-based businesses, as well as specialty crop nutrition and specialty food solutions. Because ICL trades on both the NYSE and TASE, its earnings releases, strategic updates and regulatory disclosures attract attention from international investors and sector analysts.
News coverage for ICL commonly includes quarterly and annual financial results, where the company reports sales, operating income, adjusted EBITDA and segment performance for Industrial Products, Potash, Phosphate Solutions and Growing Solutions. These releases often discuss trends in potash pricing and volumes, specialty phosphate and food phosphates demand, bromine-based products, and regional performance in markets such as Brazil, Europe, North America and Asia.
ICL also issues news on strategic initiatives and portfolio changes. Recent items include a definitive agreement to acquire Bartek Ingredients to expand deeper into specialty food solutions, the completed acquisition of Lavie Bio’s ag-biologicals activities and technology platforms, and decisions regarding its LFP battery materials activities, where it chose to discontinue downstream cathode projects while remaining a supplier of raw materials.
Regulatory and concession-related updates are another important news category. The company reports on memoranda of understandings with the Government of Israel concerning the Dead Sea Concession, draft legislation for future concession terms and court rulings related to water fees in the concession area. Investors following ICL news can also expect announcements about dividend declarations, earnings calls, investor presentations and the filing of its annual report on Form 20-F.
For anyone tracking ICL stock, this news stream offers insight into how the company manages its mineral resources, specialty businesses, acquisitions and regulatory environment over time.
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.
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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.
ICL (NYSE: ICL) announced the acquisition of Fertiláqua for $120 million, enhancing its specialty plant nutrition portfolio in Brazil's fast-growing agriculture market. Fertiláqua, previously controlled by Aqua Capital, has over 100 products and operates in 24 Brazilian states, serving over 500 customers. This acquisition aims to increase ICL's market presence and sales of specialty fertilizers, aligning with its growth strategy in the crop nutrition sector. Completion is expected by early 2021, subject to regulatory approvals.
ICL Group will announce its Q3 2020 financial results on November 12, 2020, prior to the TASE market opening. The announcement will be followed by a conference call hosted by President & CEO Raviv Zoller and CFO Kobi Altman at 8:30 AM EST. Interested participants can join via toll-free numbers or through a WebEx link. ICL operates in the specialty minerals and chemicals sector, employing over 11,000 people and reporting $5.3 billion in revenues for 2019. More details can be found on their official website.
ICL Group Ltd (NYSE: ICL) announced its participation in the Credit Suisse 33rd Annual Basic Materials Conference. CFO Kobi Altman will present on September 17, 2020, at 11:45 AM EDT. Virtual one-on-one meetings will also occur on September 16. Additionally, Altman will engage in a Fireside chat with UBS on September 24 at 08:00 AM EDT. Investors can access the webcasts on ICL's website. ICL's 2020 Virtual Investor Day is scheduled for September 23 at 08:30 AM EDT. The company generated approximately $5.3 billion in revenue in 2019.
ICL Group Ltd (NYSE: ICL) announced a virtual Investor Day on September 23, 2020, at 8:30 AM Eastern Time. The event will feature presentations by President and CEO Raviv Zoller and senior management, outlining ICL's unique business model, strategic growth plan, and financial targets for 2025. ICL focuses on innovative technologies and addressing significant market trends. Registrations can be made through their website, and a replay will be available afterward.
ICL Group Ltd (NYSE: ICL) has released its 2019 Corporate Responsibility Report, detailing its sustainability goals and achievements. The report emphasizes ICL's commitment to addressing global challenges like climate change and community health by setting a sustainability vision for 2030. It outlines various aspects of the company's operations, including performance metrics in ESG areas. ICL's contributions during the COVID-19 pandemic and its intent to promote diversity and economic development are also highlighted. The interactive report is accessible online, featuring over 145 topic-specific pages.