ICL Group (ICL) Q3 2026 Earnings Call Transcript

Detailed summary

Operator: Hello, everyone. Thank you for joining us, and welcome to the ICL Third Quarter 2026 Earnings Call International. [Operator Instructions] I will now hand the conference…

Operator: Hello, everyone. Thank you for joining us, and welcome to the ICL Third Quarter 2026 Earnings Call International. [Operator Instructions] I will now hand the conference over to Peggy Reilly Tharp, Vice President of Global Investor Relations. Peggy, please go ahead.

Peggy Tharp: Hello, everyone. I'm Peggy Reilly Tharp, Vice President of Global Investor Relations for ICL Group. I'd like to welcome you, and thank you for joining us today for our earnings conference call. This event is being webcast live on our website at icl-group.com, and there will be a replay available a few hours after the live call and a transcript will be available shortly thereafter. Earlier today, we filed our reports and our presentations with the securities authorities and the stock exchanges in both Israel and the United States. Those reports as well as the press release and our presentation are available on our website.

Our comments today will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are not guarantees of future performance. The company undertakes no obligation to update any information discussed on this call at any time. With that, we will begin with the presentation by our CEO, Mr. Elad Aharonson, followed by Mr. Asaf Alperovitz, our CFO. After the presentation, we will open the line for the Q&A session. I would now like to turn the call over to Elad.

Elad Aharonson: Thank you, Peggy, and welcome, everyone, to review our third quarter 2026 earnings. On Slide 3, you can see some highlights. We delivered another quarter of growth in key results with sales of $1.9 billion, which were up 3% year-over-year. Adjusted EBITDA of $402 million increased 1% versus the prior year. This growth was achieved despite record high raw material prices and elevated freight and logistics costs.

For the third quarter, we reported a 2% improvement in adjusted net…

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