ICL Group Ltd. - ICL STOCK NEWS

ICL (NYSE: ICL), a global leader in specialty minerals and chemicals, announced that its president and CEO, Raviv Zoller, will speak at BMO's 16th Annual Farm to Market Conference on May 19, 2021, at 9:20 a.m. ET. A live webcast of the presentation will be accessible at investors.icl-group.com, with a replay available for a limited time.

ICL focuses on sustainable solutions for food, agriculture, and industrial markets, boasting 2020 revenues of approximately $5.0 billion and over 11,000 employees worldwide.

ICL (NYSE: ICL) reported strong financial results for Q1 2021, with sales of $1,510 million, up 14% year-over-year. Net income rose to $135 million, a 125% increase, while EBITDA reached $295 million, signifying an 18% growth. The company's Industrial Products and Phosphate Solutions divisions saw record revenues, driven by robust demand and improved market conditions. ICL is raising its full-year adjusted EBITDA guidance to between $1,090 million and $1,175 million. A dividend of 5.25 cents per share will be paid on June 16, 2021.

ICL plans to release its Q1 2021 results before the TASE market opens on May 6, 2021. A conference call will be held with Raviv Zoller, CEO, and Kobi Altman, CFO, at 8:30 a.m. EST. Analysts can access the call via toll-free numbers or online, using the conference ID 5194861. The company reported 2020 revenues of approximately $5.0 billion and operates in specialty minerals and chemicals, focusing on sustainability solutions in food, agriculture, and industrial markets.

ICL (NYSE: ICL) has signed a contract with Indian Potash Limited (IPL) to supply 600,000 metric tons of potash at $280 per ton through December 2021. This price is $50 above previous agreements. This deal is part of a five-year supply agreement established in 2018. ICL’s EVP, Eli Amon, noted that favorable weather, increased planted areas, and tight supply are boosting global potash demand. ICL's robust position in the Indian market is further strengthened by this contract.

ICL has announced a definitive agreement to acquire Compass Minerals América do Sul S.A. for approximately R$2,207 million (~US$402 million), including R$600 million (~US$109 million) of net debt. This acquisition enhances ICL's position in Brazil's specialty plant nutrition market, expanding its product portfolio to serve over 32,000 farms. The acquisition is expected to close by Q3 2021, subject to customary conditions. The deal, alongside ICL's recent acquisition of Fertiláqua, positions the company to leverage synergies and enhance profitability.

Israel Corporation Ltd. (TASE: ILCO) reported its Q4 and annual results for 2020, highlighting a net loss of $14 million for Q4, compared to a loss of $7 million in Q4 2019. The company's share in ICL's profit rose to $30 million, while Bazan incurred a loss of $22 million. Total financial liabilities stood at $1,711 million, with investments in liquid assets at $635 million. The net debt decreased slightly to $1,016 million. The economic impacts of COVID-19 were noted, affecting global and local activities.

ICL, a global leader in specialty minerals and chemicals, has appointed Chris Millington as executive vice president of food and specialties for its Phosphate Solutions division. He replaces James Moffatt, who is retiring after 39 years with the company. Additionally, Gadi Lesin has been named as an independent director on ICL's Board. Millington brings over 25 years of international experience, most recently as global president for the flavor division at Firmenich. This leadership change is directed towards enhancing ICL’s growth in the food specialties sector.

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.