Short answer: The press release you provided does not contain any detail about the performance of individual business units (e.g., Potash, Phosphates, Specialty Minerals, etc.) or about specific geographic regions (e.g., North America, Europe, Asia‑Pacific, Middle‑East, etc.). The only quantitative information disclosed in the excerpt is:
| Metric | Q2 2025 | Q2 2024 (change) |
|---|---|---|
| Consolidated sales | $1.8 billion | + ~$80 m (≈ 4.6 % increase) |
| Operating income | $181 m | – $30 m (down 14 %) |
| Adjusted operating income | $201 m | – $24 m (down 11 %) |
Because the summary cuts off before any discussion of “segment performance,” “regional outlook,” or “key drivers,” we cannot identify any unit or region that out‑performed or under‑performed, nor can we explain the reasons behind any such performance.
What we can infer from the limited data
| Observation | Implication (but not confirmed) |
|---|---|
| Sales up $80 m | Some part of the business grew (could be higher commodity prices, higher volumes, or price‑mix improvements). |
| Operating income down $30 m | Higher costs (raw‑material, logistics, or inflationary pressure), lower margins in certain product lines, or one‑off charges could have offset the sales increase. |
| Adjusted operating income also down | The decline is not only a result of non‑recurring items (since adjusted figures fell as well). |
These observations are generic and do not identify which business lines (e.g., fertilizer, specialty minerals, or bromine) or which geography contributed to the changes.
How you could obtain the missing details
Read the full press release – The complete Business‑Wire release (or the accompanying investor presentation) typically includes:
- Segment‑level financials (e.g., Potash, Phosphate, Specialty Minerals) with revenue and operating‑income comparisons versus the prior year.
- Geographic breakdown (sales by region, e.g., United States, Europe, Middle‑East, Asia‑Pacific) and commentary on market dynamics.
- Management commentary explaining drivers (e.g., higher commodity prices, new contract wins, operational disruptions, weather impacts, currency effects, cost‑saving initiatives).
Check the earnings call transcript – Executives usually comment on:
- Which business units were “strong‑performing” (often linked to price increases, new product launches, or capacity expansions).
- Which regions faced headwinds (e.g., supply‑chain constraints in Europe, competitive pricing pressure in North America, or geopolitical risks in the Middle‑East).
Look at the supplemental financial tables that accompany the earnings release. They typically show:
- Revenue and EBITDA/Operating Income by segment and by geography.
- Year‑over‑year growth percentages for each line.
Review analyst commentary (e.g., Bloomberg, Reuters, or equity research reports) – they often synthesize the segment/region data and provide a “why‑it‑happened” explanation.
Bottom line
Based solely on the excerpt you provided, no specific business‑unit or regional performance details are available, so we cannot say which parts of ICL’s business out‑performed or under‑performed, nor explain the underlying causes. To answer the question fully, you would need to access the full earnings release and any accompanying investor‑relations materials that break out performance by business unit and geographic region.