ICL Group Ltd. - ICL STOCK NEWS

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.

ICL reported its Q2 2020 financial results, revealing sales of $1.20 billion, down 16% from Q2 2019, mainly due to low commodity prices and decreased demand linked to COVID-19. The company faced an operating loss of $169 million, attributed largely to non-cash charges of $297 million from efficiency initiatives including workforce reductions. Adjusted EBITDA was $246 million, a 28% decrease year-over-year. Despite challenges, ICL achieved record potash production at the Dead Sea. A quarterly dividend of $36 million was declared, demonstrating a balanced capital approach.

ICL Group Ltd (NYSE: ICL) has been awarded the 'Platinum+' ranking by Maala for the second consecutive year, highlighting its commitment to corporate responsibility. The Maala ranking evaluates companies based on sustainability practices in areas such as environmental protection and diversity. ICL's retention of this ranking is attributed to its focus on employee diversity, safety performance, and environmental targets. CEO Raviv Zoller emphasized the company's dedication to ESG practices and transparency as part of its sustainability vision for 2030.

ICL Group Ltd (NYSE: ICL) announced its participation in the Jefferies Virtual Industrial Conference on August 5, 2020, at 10:20 AM EDT. ICL's CFO, Kobi Altman, will present, followed by virtual one-on-one meetings with investors. Interested parties can contact ICL's IR team for participation.

ICL is a global leader in specialty minerals and chemicals, with 2019 revenues of approximately $5.3 billion and over 11,000 employees globally. More details are available on their website.

ICL Group Ltd (NYSE: ICL) has been included in the FTSE4Good Index Series, which recognizes companies with strong environmental, social, and governance (ESG) practices. This independent validation highlights ICL's commitment to enhancing its ESG efforts and transparency. CEO Raviv Zoller emphasized that the recognition aligns with ICL's leadership role in addressing UN sustainability development goals. The company has also received accolades from notable organizations, including Bloomberg and EcoVadis, reflecting its dedication to sustainability and responsible governance.

ICL Group Ltd (NYSE: ICL) has announced strategic agreements to enhance the global distribution of Polysulphate, a certified organic fertilizer. A 5-year deal with a Ukrainian distributor will see 350,000 tonnes distributed, contributing to a total of 1.1 million tonnes contracted through multiple agreements. These include partnerships with distributors in Poland, China, and Spain, underscoring ICL's growth in Polysulphate sales, which have increased by 50% over the past three years. The company aims to hit a production run-rate of 1 million tonnes by the end of 2020.

ICL Group Ltd (NYSE: ICL) will announce its Q2 2020 financial results on July 29, 2020, before the TASE market opens. CEO Raviv Zoller and CFO Kobi Altman will host a conference call at 8:30 AM EST to discuss the results and answer questions. Participants can join via various toll-free numbers, and the call will also be available on WebEx. ICL operates in the specialty minerals and chemicals sector, with reported 2019 revenues of approximately $5.3 billion.

ICL Group Ltd (NYSE: ICL) announced that S&P Global Ratings and Fitch Ratings confirmed its investment-grade rating at BBB- with a 'Stable' outlook. The ratings reflect ICL's strong business profile, particularly its strategic assets in the Dead Sea and resilience in specialty chemicals and bromine businesses. S&P projects ICL's debt to EBITDA ratio at 3.2x-3.4x for 2020, while Fitch anticipates an increase in FFO net leverage to 2.7x, returning to 2.2x by 2022 due to market conditions. ICL's strong liquidity and prudent financial policies were noted as key strengths.

ICL Group Ltd (NYSE: ICL) has announced a consolidation of its sales and marketing for crop nutrition inputs. This strategic move will streamline efforts for both commodity and specialty fertilizers under a unified regional management structure. The company anticipates that this change will enhance customer service and broaden market reach without impacting financial reporting. Raviv Zoller, President and CEO, emphasized the importance of operational efficiency in leveraging ICL's extensive regional knowledge and R&D capabilities.