In This Article:
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Sales: $6.841 billion for 2024.
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Adjusted EBITDA: $1.469 billion, with a margin of 21% for 2024.
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Adjusted Diluted Earnings Per Share: $0.38 for 2024.
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Free Cash Flow: $758 million for the full year 2024.
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Dividend Distribution: $242 million, with a dividend yield of 3.8% for 2024.
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Fourth Quarter Specialty Driven EBITDA: $253 million, up 20% year-over-year.
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Fourth Quarter Consolidated Adjusted EBITDA Margin: 22%.
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Industrial Products Sales: $1.239 billion for 2024.
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Industrial Products EBITDA: $281 million for 2024.
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Potash Division Sales: $1.656 billion for 2024.
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Potash Division EBITDA: $492 million for 2024.
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Phosphate Solutions Sales: $2.215 billion for 2024.
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Phosphate Solutions EBITDA: $559 million for 2024.
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Growing Solutions Sales: $1.950 billion for 2024.
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Growing Solutions EBITDA: $202 million for 2024.
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Net Debt to Adjusted EBITDA Ratio: 1.2 times at year-end 2024.
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Available Resources: Approximately $1.6 billion at year-end 2024.
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2025 Guidance for Specialties Driven Business EBITDA: $0.95 billion to $1.15 billion.
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Expected Total Sales Volumes for 2025: 4.5 million to 4.7 million metric tons.
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Expected Effective Annual Tax Rate for 2025: Approximately 30%.
Release Date: February 26, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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ICL Group Ltd (NYSE:ICL) achieved sales of $6.841 billion and an adjusted EBITDA of $1.469 billion, representing a margin of 21% for 2024.
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The company's specialties businesses accounted for 70% of 2024 EBITDA, demonstrating strong performance in Industrial Products, Phosphate Solutions, and Growing Solutions.
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ICL Group Ltd (NYSE:ICL) delivered a total dividend distribution of $242 million, with an industry-leading dividend yield of 3.8%.
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The company successfully expanded strategic relationships and launched innovative new products across its specialties-driven business.
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ICL Group Ltd (NYSE:ICL) maintained strong cash generation, resulting in free cash flow of $758 million for the full year.
Negative Points
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Potash prices decreased by 24% compared to the previous year, impacting overall sales and profitability.
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The company faced operational and logistical challenges at its Dead Sea operations due to war-related disruptions.
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Sales in the Growing Solutions division were down year-over-year, despite an increase in EBITDA.
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Fourth quarter sales in Brazil were lower than expected due to currency fluctuations and soft soybean crop economics.
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ICL Group Ltd (NYSE:ICL) experienced a decrease in annual EBITDA for the Phosphate Solutions division, despite an expanded EBITDA margin.