ICL Group Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 01:59 am EST
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ICL Group Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,862 million compared to USD 2,519 million a year ago. Net income was USD 137 million compared to USD 633 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.49 a year ago.
For the nine months, sales was USD 5,846 million compared to USD 7,924 million a year ago. Net income was USD 580 million compared to USD 1,828 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 1.42 a year ago.
ICL Group Ltd, formerly known as Israel Chemicals Ltd, is an Israel-based company, which is engaged in the fertilizer and specialty chemical sectors. The Company operates in three segments: Fertilizers, Industrial Products, and Performance Products. The Fertilizers segment is engaged in the production of standard, granular, fine red and white potash from different sources, as well as in the production of phosphates, such as phosphate rock, phosphoric acid, fertilizers and animal feed addictives. The Industrial Products segment produces flame retardants, such as brominates and organ phosphorus, elemental bromine, and other chemicals. The Performance Products segment produces specialty phosphates, such as technical, food grade and electronic grade phosphoric acid, phosphate salts, food additives and wildfire safety products, as well as alumina and other chemicals.