ICL Group Ltd. - ICL STOCK NEWS

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.

ICL, a global specialty minerals company, announced that its ag tech digital start-up Agmatix has been named to Fortune's 10th Annual Change the World list. This list recognizes companies with positive social impact through their core business strategies. Agmatix was honored for its AI-driven platform that helps agrifood companies implement environmentally friendly crop strategies.

Agmatix users oversee about 15 million acres of land worldwide. The company's new RegenIQ platform, unveiled in early September, provides real-time data on agricultural practices' effectiveness. RegenIQ offers a scalable approach to assessing the impact of local practices on environmental outcomes and crop yields across soil health, water, biodiversity, and climate.

The platform enables companies to tailor regenerative practices to specific crops and conditions, enhancing environmental effectiveness and strengthening supply chain resilience. It also helps companies track and achieve their ESG goals and Scope 3 requirements at scale.

ICL, a global specialty minerals company, has signed an MOU with Orbia Fluor & Energy Materials (OF&EM) to expand their presence in the North American battery materials supply chain. ICL's Industrial Products division will supply phosphorus trichloride (PCl3) to OF&EM for the production of LiPF6, a critical raw material for lithium-ion batteries, at OF&EM's planned St. Gabriel, La., manufacturing plant.

This partnership aims to advance electrification for transportation and stationary applications, bringing critical component production to North America. Both companies received funding from the U.S. Department of Energy in October 2022 to expand domestic battery manufacturing. The lithium-ion battery chain is expected to grow by over 30% annually from 2022 to 2030, reaching a market value of over $400 billion.

ICL, a global specialty minerals company, has opened a new food specialty plant in China to enhance its ability to create innovative food solutions tailored to Chinese consumers. The facility, located in the Zhangjiagang Free Trade Zone near Shanghai, will manufacture specialty food solutions for meat, poultry, and seafood segments, including texturants and marinades.

The expansion aims to serve ICL's existing customer base while pursuing growth opportunities with new clients. By offering customized taste, texture, and stability solutions, ICL seeks to provide premium products to help customers succeed in the Chinese market. The company hosted over 30 top Chinese food industry customers for an overview of its product portfolio and R&D capabilities.

Rado Sporka, VP of ICL Food Specialties Commercial Business, emphasized the importance of learning directly from Chinese consumers to develop new products. The expansion aligns with ICL's strategic initiative to empower customers in China and contribute to global food security.

ICL, a global specialty minerals company, has signed a five-year agreement with AMP Holdings Group in China, valued at approximately $170 million. The agreement, running until 2028, focuses on specialty water soluble fertilizers used in drip irrigation for cash crops. This partnership aligns with ICL's goal to expand its Growing Solutions product offerings and grow in major end-markets.

China has seen increased demand for specialty fertilizers due to the growth of high-value crops and changes in agricultural practices. The country has become the world's largest market for fertigation, driven by the adoption of drip irrigation. ICL's commitment to innovation is evident in their recent introduction of a phosphate and potassium specialty suspension solution for drone application in China.

This agreement strengthens ICL's position in China's premium specialty fertilizer market and underscores the company's commitment to delivering innovative agricultural solutions in response to evolving regional market needs.

ICL, a global specialty minerals company, announced its participation in the Jefferies 2024 Industrials Conference. Anantha Desikan, ICL's executive VP and chief technology and innovation officer, will present on September 4, 2024, at 8:40 a.m. ET. The presentation will be available via webcast on ICL's investor relations website, with a replay accessible for a time after the live event.

This event provides an opportunity for investors and analysts to gain insights into ICL's technological innovations and strategic direction. As a leading player in the specialty minerals sector, ICL's participation in this conference underscores its commitment to engaging with the financial community and sharing its vision for future growth and development.

ICL, a global specialty minerals company, reported its Q2 2024 financial results. Sales reached $1.75 billion, down from $1.87 billion in Q2 2023. Operating income was $211 million, with adjusted operating income of $225 million. Adjusted EBITDA stood at $377 million, compared to $441 million last year. Diluted EPS was $0.09, with adjusted diluted EPS at $0.10.

The company saw sequential growth across its specialties-driven segments and raised its full-year 2024 guidance for these businesses. ICL now expects specialties-driven EBITDA between $0.8 billion to $1.0 billion, up from previous guidance of $0.7 billion to $0.9 billion. The company remains cautious about short-term expectations in electronics, housing, construction, and food markets.

ICL, a global specialty minerals company, has acquired Custom Ag Formulators (CAF) for approximately $60 million. This marks ICL's second Growing Solutions acquisition in 2024, advancing its goal to expand product offerings and growth in new markets. CAF, a North American provider of customized agriculture formulations, offers liquid adjuvants, enhanced nutrients, and specialty products.

CAF operates two U.S. facilities in Fresno, California, and Adel, Georgia, manufacturing liquid and dry formulations. These strategic locations enable same-day shipping to key growing regions across the U.S. The acquisition aims to meet local growers' needs through ICL's distribution partners and address specific requirements of farmers in diverse growing regions.

ICL (NYSE: ICL) (TASE: ICL), a global specialty minerals company, has announced its plans to release second quarter 2024 results before the TASE market opens on Wednesday, August 14, 2024. Following the release, ICL's President and CEO Raviv Zoller, along with CFO Aviram Lahav, will host a conference call at 8:30 a.m. New York time (1:30 p.m. London and 3:30 p.m. Tel Aviv) to discuss the results, provide a general business update, and answer questions. Analysts can pre-register for the call through the company's investor relations website. The call will also be open to employees, media, and the public. A replay of the call will be available online within approximately 24 hours of the live event.