From Nasdaq: 2024-11-15 15:00:00

In the third quarter of 2024, ICL Group Ltd recorded profits of $113 million or 9 cents per share, down from $137 million or 11 cents in the year-ago quarter. Adjusted earnings per share were 11 cents, beating the Zacks Consensus Estimate of 8 cents, while sales fell 6% yearly to $1,753 million.

ICL Group Ltd saw growth in Industrial Products segment sales but a drop in Potash segment sales. The Phosphate Solutions segment’s sales fell, while the Growing Solutions segment saw a decline. The company had cash and cash equivalents of $393 million and raised its full-year 2024 guidance to $0.95-$1.05 billion in specialties-driven EBITDA.

ICL’s stock has dropped 12.7% in the past year compared to the Fertilizers industry’s 13.8% decline. The company carries a Zacks Rank #3 (Hold), while other companies like DuPont de Nemours, Inc., The Chemours Company, and PPG Industries, Inc. have also reported their earnings for the third quarter.

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Read more at Nasdaq: ICL Group’s Earnings and Revenues Surpass Estimates in Q3