ICL Sales Rise to $1.91 Billion in Third Quarter as Operating Income Falls
Key Facts
ICL Group reported consolidated sales of $1.91 billion in the third quarter of 2026, up 3% from $1.85 billion in the same period a year earlier. Operating income, however, fell to $225 million from $230 million, according to the company's filing with the U.S. Securities and Exchange Commission. Adjusted operating income was $233 million, compared with $241 million a year earlier. Results showed improvement in some adjusted profitability measures, alongside pressure on operating performance and cash flows. The company's shares closed at $4.67 on November 10, 2026, according to EL7 data.
Net income attributable to the company's shareholders was $120 million, compared with $115 million in the third quarter of 2025, while adjusted net income rose to $126 million from $124 million. Adjusted diluted earnings per share held steady at $0.10, the same level as a year earlier, while reported diluted earnings per share remained at $0.09. Adjusted earnings before interest, taxes, depreciation and amortization were $402 million, up from $398 million. Operating cash flow, meanwhile, fell to $256 million from $308 million. The CEO said gross profit margin was 32.9%, up 30 basis points year over year, despite higher raw material prices, shipping and logistics costs, and foreign exchange volatility.
Segment results were mixed, with industrial products improving and potash declining. Operating income in the industrial products segment rose to $84 million from $52 million in the year-earlier quarter, which the company attributed mainly to lower operating costs, higher prices for some products and increased volumes for some industrial products. Potash segment operating income fell to $94 million from $104 million. This came despite an increase in the company's realized potash price to $370 per ton, compared with $353 a year earlier. In its year-over-year bridge for adjusted operating income, the company reported negative impacts of $103 million from raw materials, $21 million from transportation and $63 million from foreign exchange rates.
For the first nine months of 2026, sales rose to $6,068 million from $5,452 million in the corresponding period of 2025. Net income attributable to shareholders also increased to $383 million from $299 million for the period. The company maintained its full-year guidance of $1.5 billion to $1.7 billion in adjusted earnings before interest, taxes, depreciation and amortization. It also continued to expect potash sales of between 4.5 million and 4.7 million metric tons for the year. The CEO said the company expects to enter 2027 from a position of strength, and that the ELEVATE program is expected to begin delivering tangible cost savings.