Icl Group Ltd. Stock Price, News & Analysis

GROWERS has announced significant results from its AI-enhanced loyalty program technology for agricultural retailers. The program, powered by Axiom, an AI engine developed by Agmatix under ICL Group, analyzes customer behaviors and product performance to provide predictive insights and real-time recommendations.

The loyalty program has shown a significant increase in sales among members compared to non-members in 2024, with further market adoption expected in 2025. Unlike traditional agricultural loyalty programs that offered simple discounts, GROWERS' AI-driven solution promotes continuous purchasing cycles by adapting to seasonality, geography, and farmer profiles.

The program helps retailers strengthen customer relationships and drive repeat business through personalized loyalty models, including points-based systems for preferential product rates. The AI platform can predict customer behavior based on historical purchase patterns and alert retailers to potential customer churn and sales opportunities.

ICL, a global specialty minerals company, has announced its fourth quarter 2024 earnings release and conference call schedule. The company will release its results before the TASE market opens on Wednesday, February 26, 2025. A conference call will follow at 8:30 a.m. New York time (1:30 p.m. London and 3:30 p.m. Tel Aviv).

The call will feature current President and CEO Raviv Zoller, CFO Aviram Lahav, and incoming President and CEO Elad Aharonson. They will discuss results, provide a business update, and take questions. Financial analysts can join via dedicated dial-in numbers, while others can access the webcast through ICL's investor relations website. A replay will be available online within 24 hours.

ICL has announced a strategic joint venture with Shenzhen Dynanonic to establish lithium iron phosphate (LFP) cathode active material production in Europe, with an initial investment of approximately €285 million. The facility will be located at ICL's Sallent, Spain site, approximately 60 miles from the Port of Barcelona.

ICL will hold an 80% share in the facility, which aims to expand the company's battery materials business and develop sustainable supply chain solutions. The project will repurpose roughly 25 acres of ICL's former potash production site, with potential for further expansion.

According to Roland Berger's automotive practice, LFP share of lithium-ion batteries in Europe is expected to more than double to 35% by 2030. The strategic location offers good proximity to planned LFP battery plants in Europe and rail access to Barcelona's port. The agreement is subject to conditions precedent, final investment estimates, and regulatory approvals.

ICL (NYSE: ICL) has announced the appointment of Elad Aharonson as its new president and CEO, effective March 13, 2025. Aharonson, who has been serving as president of ICL's Growing Solutions business since April 2021, will succeed Raviv Zoller. During his tenure at ICL, Aharonson led the development of specialty fertilizer solutions and expanded product offerings into new territories. Before joining ICL, he spent 16 years at Elbit Systems , where he held senior management positions and contributed to significant market growth. The Board of Directors expressed confidence in Aharonson's leadership, citing his understanding of ICL's business and vision for expanding specialty product offerings.

ICL has announced a follow-on investment in Plantible Foods through participation in their Series B funding round, building upon their initial Series A investment. The partnership recently launched Rovitaris Binding Solution powered by Rubi Protein, which won the Ingredient Idol award at SupplySide West conference in November 2024.

The collaboration aims to advance sustainable food solutions, with ICL Food Specialties anticipating increased demand for Rovitaris Binding Solution in 2025. This development aligns with the growing clean label ingredients market, which is valued at $53 billion in 2024 and projected to reach $99 billion by 2034, with a CAGR of 6.4%.

ICL announced the launch of VeriQuel R100, a new reactive phosphorus flame retardant for rigid polyurethane insulation products, following a $2 million R&D investment. The product is designed for sheathing, in-wall, and PIR roofing applications, which represent over 70% of commercial roofs.

The patented technology chemically bonds with the polymer matrix, providing built-in flame retardancy and eliminating migration potential. Four leading U.S. commercial roofing companies have already adopted VeriQuel R100, with six more companies in the U.S. and Europe in development phases.

The product aligns with stricter environmental regulations and is compatible with existing manufacturing processes without additional formulating costs. The global rigid polyurethane foam market, valued at ~$21 billion in 2023, is projected to grow at a 5.8% CAGR from 2024 to 2030.

ICL, a global specialty minerals company, announced that President and CEO Raviv Zoller will depart in early 2025 after seven years of leadership. Zoller will continue serving until a replacement is appointed and a formal transition is completed. Under his tenure, ICL transformed into an innovative, profitable organization with strong cash flow and enhanced global partnerships. Chairman Yoav Doppelt praised Zoller's leadership, highlighting the company's unprecedented success across key operations and improved product profitability. The transition process is expected to be completed by the release of annual financial statements.

ICL reported Q3 2024 financial results with consolidated sales of $1.75 billion, down from $1.86 billion year-over-year. The company achieved adjusted EBITDA of $383 million, up from $346 million, marking four consecutive quarters of improvement. Adjusted diluted EPS was $0.11, unchanged from the previous year. The company raised its full-year 2024 guidance for specialties-driven EBITDA to $0.95-1.05 billion, up from previous guidance of $0.8-1.0 billion. ICL plans to limit annual potash sales volumes to 4.6 million metric tons, maintaining levels consistent with 2023.

ICL, a global specialty minerals company, has scheduled its third quarter 2024 earnings release for Monday, November 11, 2024, before the TASE market opens. CEO Raviv Zoller and CFO Aviram Lahav will host a conference call at 8:30 a.m. New York time to discuss results and provide a business update. The call will be accessible to analysts via dial-in numbers and to the public through a webcast, with a replay available within 24 hours.