ICL Group, Tel Aviv, today posted a 125 percent rise in first-quarter net income attributable to shareholders, to $135 million, up from $60 million a year ago. Earnings per diluted share were $0.11, up from $0.05 per share.
Sales for the first quarter were up 14 percent to $1.51 billion, from the year-ago $1.32 billion. EBITDA increased 18 percent to $295 million.
Looking to the full-year, ICL said the probability of the company achieving the high-end of its previous guidance range has risen “considerably”, and it now expects FY2021 adjusted EBITDA of $1.09 billion to $1.18 billion, compared with the previous guidance of $1.02 billion to $1.12 billion.