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ICL Group (IL:ICL)
:ICL
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
30.49Last Year’s EPS
35.46Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 47.64%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
ICL's earnings call for the third quarter of 2024 highlighted continued improvements in sales and EBITDA across several business divisions, particularly specialties. Despite challenges in the potash division and increased logistics costs, the company's focus on innovation and strategic growth in specialty divisions signals a positive outlook.Company Guidance
During the ICL Group's third-quarter 2024 earnings call, the company reported several key metrics highlighting its financial performance and guidance for the year. Sales reached $1.753 billion, marking an increase for the third consecutive quarter, while adjusted EBITDA was $383 million, reflecting a 11% year-over-year increase and a margin expansion from 19% to 22%. The year-to-date free cash flow amounted to $572 million, and adjusted earnings per share improved to $0.11, up 10% sequentially. The specialty-driven business divisions, including Industrial Products, Phosphate Solutions, and Growing Solutions, reported a 37% year-over-year increase in EBITDA. The potash division represented approximately 30% of total EBITDA, a decrease from nearly 50% in the same quarter last year. ICL also announced a forthcoming dividend payment of $0.05 per share and raised its 2024 guidance for the specialties-driven business to an EBITDA range of $0.95 billion to $1.05 billion, up from the previous forecast of $0.8 billion to $1 billion. The company plans to limit annual potash sales to 4.6 million metric tons, aligning with 2023 volumes, and anticipates improving market conditions in 2025.Consecutive Growth in Sales and EBITDA
Sales reached $1.753 billion, marking the third consecutive quarter of growth, while adjusted EBITDA increased to $383 million, up 11% year-over-year with an EBITDA margin expansion from 19% to 22%.
Strong Performance in Specialty Business Divisions
The specialty-driven divisions, including Industrial Products, Phosphate Solutions, and Growing Solutions, reported a 37% year-over-year increase in EBITDA.
Industrial Products Division Growth
Sales in the Industrial Products division rose to $309 million, up 16% year-over-year, with EBITDA increasing by 55% to $65 million.
Phosphate Solutions Division Expansion
The Phosphate Solutions division saw third-quarter sales of $577 million with EBITDA of $140 million and an expansion in EBITDA margin to 24%.
Innovative Product Pipeline Expansion
Expansion into the North American energy storage supply chain and other innovations across specialties-driven businesses.
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IL:ICL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IL:ICL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | 1538.19 | 1612.38 | +4.82% |
| Aug 14, 2024 | 1427.21 | 1506.44 | +5.55% |
| May 09, 2024 | 1737.54 | 1723.97 | -0.78% |
| Feb 28, 2024 | 1767.52 | 1759.85 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ICL Group (IL:ICL) report earnings?
ICL Group (IL:ICL) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is ICL Group (IL:ICL) earnings time?
ICL Group (IL:ICL) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of ICL Group stock?
The P/E ratio of Icl is N/A.
What is IL:ICL EPS forecast?
IL:ICL EPS forecast for the fiscal quarter 2024 (Q4) is 30.49.
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