Welcome to our dedicated page for Icl Group Ltd. news (Ticker: ICL), a resource for investors and traders seeking the latest updates and insights on Icl Group Ltd. stock.
ICL Group Ltd. (NYSE: ICL) is a global leader in mineral-based solutions for agriculture, food, and industrial markets. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic initiatives, and market positioning across the company's core segments.
Access official press releases and verified news covering fertilizer production innovations, potash market dynamics, and sustainable mineral solutions. Our curated collection includes updates on earnings reports, partnership announcements, and technological advancements in phosphate processing and agricultural chemistry.
Key content categories include quarterly financial results, operational expansions, R&D breakthroughs in plant nutrition, and ESG-related initiatives. All materials are sourced directly from the company and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to ICL's latest business developments. Check regularly for updates on specialty chemical innovations and market trends impacting the global minerals industry.
ICL has successfully completed the acquisition of Fertiláqua, a prominent Brazilian specialty plant nutrition company, for $122 million, including $40 million of net debt. This strategic move aims to enhance ICL's presence in the rapidly growing Brazilian agriculture market, leveraging Fertiláqua's strong distribution network for increased sales of organic and controlled-release fertilizers. CEO Raviv Zoller expressed confidence in expanding sales and achieving seasonal balance in the market.
Growers, an agronomic technology firm, has launched Beta testing for its new platform, Growers Rally™, aimed at enhancing collaboration between agriculture retailers and farmers. This platform integrates CRM and farm planning features, creating a new segment in ag tech: Grower Relationship Management (GRM). The Beta phase allows users to provide feedback to refine the product before its full release in summer 2021. Growers, acquired by ICL in 2020, aims to improve decision-making for farmers through data-driven solutions.
ICL announced a private placement offering of additional $93.1 million in 6.375% senior unsecured notes due 2038, priced at $1.29 per $1.00 principal amount. This effort will generate total proceeds of approximately $120 million. CFO Kobi Altman noted the effective yield is 4%. The funds will be used for general corporate purposes, including potential acquisitions and debt repayment. This issuance will join a previously issued $600 million of the same notes, with all notes treated as a single class under the indenture.
ICL reported Q3 2020 results with sales of $1.20 billion, unchanged from Q2 but 9% lower than Q3 2019. Operating income declined 50% to $100 million, and adjusted EBITDA decreased 26% to $226 million. The COVID-19 pandemic influenced performance, affecting commodity prices and demand. However, potash production reached a record and a strategic acquisition of Fertiláqua was announced, strengthening market presence in Brazil. The company maintains strong liquidity of $1.25 billion and declared a $29 million dividend.
ICL (NYSE: ICL) announced the acquisition of Fertiláqua for $120 million, enhancing its specialty plant nutrition portfolio in Brazil's fast-growing agriculture market. Fertiláqua, previously controlled by Aqua Capital, has over 100 products and operates in 24 Brazilian states, serving over 500 customers. This acquisition aims to increase ICL's market presence and sales of specialty fertilizers, aligning with its growth strategy in the crop nutrition sector. Completion is expected by early 2021, subject to regulatory approvals.
ICL Group will announce its Q3 2020 financial results on November 12, 2020, prior to the TASE market opening. The announcement will be followed by a conference call hosted by President & CEO Raviv Zoller and CFO Kobi Altman at 8:30 AM EST. Interested participants can join via toll-free numbers or through a WebEx link. ICL operates in the specialty minerals and chemicals sector, employing over 11,000 people and reporting $5.3 billion in revenues for 2019. More details can be found on their official website.
ICL Group Ltd (NYSE: ICL) announced its participation in the Credit Suisse 33rd Annual Basic Materials Conference. CFO Kobi Altman will present on September 17, 2020, at 11:45 AM EDT. Virtual one-on-one meetings will also occur on September 16. Additionally, Altman will engage in a Fireside chat with UBS on September 24 at 08:00 AM EDT. Investors can access the webcasts on ICL's website. ICL's 2020 Virtual Investor Day is scheduled for September 23 at 08:30 AM EDT. The company generated approximately $5.3 billion in revenue in 2019.
ICL Group Ltd (NYSE: ICL) announced a virtual Investor Day on September 23, 2020, at 8:30 AM Eastern Time. The event will feature presentations by President and CEO Raviv Zoller and senior management, outlining ICL's unique business model, strategic growth plan, and financial targets for 2025. ICL focuses on innovative technologies and addressing significant market trends. Registrations can be made through their website, and a replay will be available afterward.
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.
