ICL Group Ltd. - ICL STOCK NEWS

ICL reported a record third quarter for 2021, with consolidated sales of $1,790 million, up 49% year-over-year. Operating income surged to $321 million, more than 220% increase, while net income reached $225 million, up 317%. The company's strong performance was driven by its specialty businesses and rising commodity prices, despite facing supply chain challenges. ICL raised its full-year adjusted EBITDA outlook to between $1,450 million and $1,500 million. A dividend of 8.37 cents per share was declared, significantly higher than last year's 2.30 cents.

REE Automotive Ltd. (NASDAQ: REE) has expanded its Board of Directors with the appointment of independent members Michal Brikman and Lilach Geva-Harel. This strategic move aims to deepen financial and governance expertise as the company progresses towards commercial production in 2023. Brikman and Geva-Harel bring extensive experience in public company operations, sustainability, and corporate governance. Additionally, the board announced the resignation of Ari Raved, who served for over seven years.

ICL (NYSE: ICL, TASE: ICL), a global specialty minerals company, announced plans to expand its commercial relationship with Haldor Topsoe to establish a long-term supply arrangement for potassium nitrate (NOP), essential for high-value crop fertilization. The partnership aims to incorporate Topsoe’s materials into ICL’s supply chain starting Q1 2022, while maintaining existing supplier relationships. Both companies emphasize sustainability, aiming to support customers' renewable energy transitions through advanced technologies.

ICL announces the retirement of CFO Kobi Altman effective January 1, 2022, as he focuses on family. He is succeeded by Aviram Lahav, who brings over 20 years of experience from roles at ADAMA and Delta Galil Industries. President and CEO Raviv Zoller praised Altman's leadership, emphasizing his contribution to a strong financial organization that will support ongoing business growth.

ICL (NYSE: ICL, TASE: ICL), a specialty minerals leader, will release its third quarter 2021 results before the TASE market opens on November 4, 2021. CEO Raviv Zoller and CFO Kobi Altman will host a conference call at 8:30 a.m. ET to discuss results and provide a business update. Analysts can join the call via toll-free numbers or online. ICL, which reported approximately $5.0 billion in 2020 revenues, emphasizes innovation in food, agriculture, and industrial sustainability.

ICL (NYSE: ICL), a global leader in specialty minerals, announced that its unique polyhalite fertilizer, Polysulphate, has received organic certification from the Control Union organization, recognized by the EU and USDA. This approval enhances Polysulphate as a premier organic fertilizer, containing four essential nutrients for crops with minimal environmental impact. ICL's Boulby mine in the UK produces Polysulphate sustainably without chemical processing. The growing demand for organic agriculture positions ICL favorably as it meets the evolving needs of global food production.

TEL AVIV, Israel -- ICL (NYSE: ICL, TASE: ICL), a global specialty minerals leader, announced that CFO Kobi Altman will present at CL King’s 19th Annual Best Ideas Conference on September 14, 2021, at 8:00 a.m. ET. A live webcast and replay will be available at the company's investor relations website.

ICL focuses on sustainable solutions in food, agriculture, and industrial markets, reporting approximately $5.0 billion in revenues for 2020 and employing over 12,000 people globally.