ICL (NYSE:ICL) shares dipped over 2% intra-day today after the company reported first-quarter results that fell short of analyst expectations, as revenue declined more than anticipated.

The company posted adjusted earnings of $0.09 per share, missing the $0.10 consensus. Revenue dropped to $1.77 billion, below projections of $1.85 billion and lower than the prior-year period, reflecting ongoing softness in market demand.

Despite the shortfall, ICL reiterated its full-year 2025 guidance, projecting EBITDA of $950 million to $1.15 billion, primarily driven by its specialty products segment. The company also maintained its forecast for potash sales volumes between 4.5 million and 4.7 million metric tons.

The reaffirmed outlook helped temper investor concerns following the weak quarter, signaling management’s confidence in a second-half rebound anchored by stable volumes and specialty margins.