ICL beats analysts with sturdy This fall outcomes

Date:


Israeli specialty minerals firm ICL (TASE: ICL: NYSE: ICL) at this time reported sturdy monetary outcomes for the fourth quarter of 2021, beating the analysts’ forecasts on each income and revenue.

Fourth quarter income was $2.038 billion, up 55% from the corresponding quarter of 2020. Internet revenue was $283 million up 335% from the fourth quarter of 2020, and adjusted EBITDA was $575 million, up 115%. Earnings per share was $0.26, beating the analysts’ forecast by $0.10. Income was $120 million greater than the analysts’ estimates.







For the complete 12 months, income in 2021 was $6.955 billion, up 38% from $5.043 billion in 2020. Adjusted internet revenue in 2021 was $824 million, up 219% from 2020 and djusted EBITDA was $1.642 billion, up 66% from 2020.

ICL president and CEO Raviv Zoller mentioned, “The fourth quarter was a exceptional finish to 2021, with gross sales of greater than $2 billion and all-time report adjusted fourth quarter EBITDA of $575 million. Actually, all three of our specialty companies delivered all-time report fourth quarter and annual outcomes. We continued to profit from our strategic deal with rising our long-term specialty options companies, as efficiency within the quarter was additionally supported by elevated demand and better costs in most markets and continued commodity upside momentum.”

ICL full 12 months 2022 adjusted EBITDA is anticipated to be inside a spread of $1.850 billion to $2.050 billion. The corporate’s fourth quarter 2021 dividend of $13.18 per share, or roughly $169 million, will likely be payable on March 8, 2022, to shareholders of report as of February 23, 2022.

ICL’s share value was up 2.13% in premarket buying and selling, after rising 2.39% yesterday to $9.84, giving a market cap of $12.666 billion.

Printed by Globes, Israel enterprise information – en.globes.co.il – on February 9, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.


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