ICL beats second quarter estimates with 17% sales growth, driven by higher prices, and reaffirms its full-year 2026 outlook.

ICL reported second quarter 2026 sales of $2.14 billion, up 17% year-over-year, and an adjusted diluted EPS of $0.12, a 33% increase. These results surpassed analyst expectations, driven by increased prices across its fertilizer, food, and industrial markets, which offset pressure from higher raw material costs. The company reiterated its full-year 2026 adjusted EBITDA guidance of $1.5 billion to $1.7 billion.

Key Highlights

• Adjusted EBITDA increased 28% year-over-year to $448 million, exceeding analyst estimates of $415 million.
• The Potash segment was a key contributor, with sales up 22% YoY, supported by an average price per ton increase to $376 from $333 in the prior-year quarter.
• The Industrial Products segment saw sales jump 30% and EBITDA nearly double to $130 million, benefiting from peak bromine prices and strong demand for flame retardants.
• ICL introduced a new cost transformation program, "Elevate," which targets over $350 million in additional annual EBITDA by the end of 2028.