ICL Group Reports Mixed Second-Quarter Results, Sales Decline but Earnings Beat Estimates

ICL Group Ltd. reported a decline in profits for the second quarter of 2024, despite beating analysts’ earnings expectations. Sales dipped by 6% year-over-year, but the company exceeded revenue forecasts. Notably, the Industrial Products segment saw growth, while Potash sales declined significantly. ICL also updated its full-year guidance, expecting stronger EBITDA driven by specialty products.

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