Icl ( (ICL) ) has shared an update.
ICL Group Ltd. announced its financial results for the fourth quarter and full year of 2024, reporting annual sales of $6,841 million and an adjusted EBITDA of $1,469 million. Despite a decline in sales and net income compared to 2023, the company maintained strong profitability and cash flow, driven by its specialties-driven businesses, which contributed 70% of the total adjusted EBITDA. The company faced challenges such as potash price declines and geopolitical issues but managed to introduce innovative products, form new partnerships, and achieve production records. Looking forward to 2025, ICL expects improved market conditions and continued growth in its specialties-driven segments.
More about Icl
ICL Group Ltd. is a leading global specialty minerals company headquartered in Tel Aviv, Israel. The company focuses on industrial products, phosphate solutions, and growing solutions, producing bromine-based compounds, salts, magnesium chloride, and phosphorus-based products, among others. ICL operates facilities in Israel, the Netherlands, and China, and is committed to expanding its market share and leadership position in these sectors.
YTD Price Performance: 22.98%
Average Trading Volume: 789,308
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.87B
See more insights into ICL stock on TipRanks’ Stock Analysis page.