Israel Chemical (ICL) Tops Q2 EPS by 4c

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Go back to Israel Chemical (ICL) Tops Q2 EPS by 4c

ICL Reports Q2 2016 Results

August 10, 2016 6:26 AM EDT

TEL AVIV, Israel, Aug. 10, 2016 /PRNewswire/ --ICL (NYSE: ICL; TASE: ICL), a leading global specialty minerals and specialty chemicals company, today reported its financial results for the second quarter ended June 30, 2016.

The company's performance during the quarter was supported by Specialty Solutions, which recorded 17% growth in sales and 18% growth in adjusted operating income primarily driven by a strong performance of Industrial Products and Advanced Additives. In addition, efficiency measures contributed $33 million to the quarter's operating income. The performance of the company's potash and phosphate businesses continues to be negatively impacted by low prices and a... More