ICL Group Second Quarter 2024 Earnings: Revenues In Line With Expectations

ICL Group (TLV:ICL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.75b (down 7.1% from 2Q 2023).
• Net income: US$115.0m (down 29% from 2Q 2023).
• Profit margin: 6.6% (down from 8.6% in 2Q 2023). The decrease in margin was driven by lower revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

ICL Group Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Asia are expected to grow by 10%.

Performance of the market in Israel.

The company's shares are up 4.5% from a week ago.

Valuation

It's possible that ICL Group could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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