ICL reported its financial results for the third quarter ended September 30, 2024, on November 10, 2024, demonstrating continued sequential growth. Consolidated sales reached $1.75 billion, compared to $1.86 billion in the prior year. Adjusted EBITDA for the quarter was $383 million, an increase from $346 million in the third quarter of last year.
The company's diluted earnings per share were $0.09, with adjusted diluted EPS at $0.11, consistent with the prior year's adjusted figure. ICL's specialties-driven businesses showed significant year-over-year improvement in EBITDA, highlighting the strength of its strategic focus. Operating cash flow for the quarter was $408 million.
ICL raised its guidance for full year 2024 specialties-driven EBITDA to between $0.95 billion and $1.05 billion, an increase from the previous range of $0.8 billion to $1.0 billion. The company also stated its intention to limit total 2024 annual potash sales volumes to 4.6 million metric tons, aligning with 2023 sales volumes in anticipation of improved conditions in 2025.
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