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Israel's ICL Group Q3 sales, net income rise on diversified portfolio

By Reuters News


Overview

  • Israel specialty minerals firm's Q3 sales rose 3% yr/yr, net income and adjusted EBITDA also up

  • Adjusted diluted EPS for Q3 was unchanged from prior year

  • Company raised quarterly dividend to 4.88 cents per share from 4.80 cents


Outlook

  • ICL reiterates 2026 adjusted EBITDA guidance of $1.5 bln to $1.7 bln

  • Company continues to expect 2026 Potash sales volumes of 4.5 mln to 4.7 mln metric tons

  • ICL expects to enter 2027 from a position of strength, citing portfolio diversity and cost savings program


Result Drivers

  • SEGMENT PRICE ACTIONS - Co said targeted price increases across key end-markets helped offset record high raw material and logistics costs

  • DIVERSIFIED PORTFOLIO - Co said its global food, industrial and agriculture offerings allowed flexibility to optimize production capacity and sales mix

  • INDUSTRIAL PRODUCTS GROWTH - Higher bromine prices and increased volumes drove yr/yr sales and EBITDA growth in Industrial Products segment


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$1.91 bln

Q3 Adjusted EBITDA

$402 mln

Q3 Gross Margin

32.9%

Q3 Adjusted EBITDA Margin

21%

Q3 Operating Income

$225 mln

Q3 Operating Margin

11.8%

Q3 Gross Profit

$628 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the agricultural chemicals peer group is "buy."

  • Wall Street's median 12-month price target for ICL Group Ltd. is $5.75, about 23.1% above its November 10 closing price of $4.67

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 9 - Israel's Monday.com Q3 revenue rises 19%

  • Nov 9 - Israel's Kamada Q3 revenue up 11%, raises forecast

  • Nov 10 - Israel's Turpaz Q3 revenue rises on acquisitions


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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