Icahn Enterprises

Icahn Enterprises LP operates as holding company. It operates through following eight business segments: Investment, Automotive, Energy, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma. The Investment segment consists of various private investment funds. The Automotive segment holds ownership in Icahn Automotive Group LLC. The Energy segment holds ownership in CVR Energy, Inc., which owns majority interests in two separate operating subsidiaries, CVR Refining, LP and CVR Partners, LP. The Food Packaging segment holds ownership in Viskase Cos., Inc., which is engaged in the production and sale of cellulosic, fibrous, and plastic casings for the processed meat and poultry industry. The Metals segment operates through PSC Metals, Inc., which engages in the business of collecting, processing, and selling ferrous and non-ferrous metals, as well as the processing and distribution of steel pipe and plate products in the Midwest and Southern U.S. The Real Estate segment consists of rental real estate, property development and resort activities. The Home Fashion segment operates through WestPoint Home LLC, which consists of manufacturing, sourcing, marketing, distributing, and selling home fashion consumer products. The Pharma segments operates through Vivus, Inc., a specialized pharmaceutical company. The company was founded on February 17, 1987 and is headquartered in Sunny Isles Beach, FL.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Icahn Enterprises reports Q1 loss, maintains strong liquidity for growth

Icahn Enterprises faced challenges with a Q1 2023 loss of $270 million but maintained strong liquidity for future opportunities.
Despite investment fund underperformance, segments like CVI and Automotive Services showed strength and potential for growth.
Real Estate segment struggled, but Energy and Automotive segments displayed improvements, offering avenues for future profitability.

Icahn Enterprises reports Q2 loss, maintains stability amid segment challenges

Icahn Enterprises faced challenges in Q2 2023 with a net loss attributed to specific segments, but maintained overall financial stability.
Despite performance declines in some areas, the company showed strengths in liquidity and EBITDA improvements in key segments.
Addressing challenges and capitalizing on opportunities will be crucial for driving future growth and enhancing shareholder value.

Icahn Enterprises (IEP) reports improved Q3 results, eyes strategic growth

Icahn Enterprises (IEP) showed improved financial performance in Q3 2023, driven by strong operating company results. Despite challenges in investment fund returns, the company's overall asset value and liquidity position present opportunities for future growth and strategic initiatives.

Icahn Enterprises reports Q4 loss, eyes growth in key segments

Icahn Enterprises (IEP) navigated challenges in Q4 2023 with a focus on liquidity, strong performance in key segments, and addressing areas for improvement. The company's leadership highlighted forward-looking statements, non-GAAP financial measures, and indicative net asset value.

Icahn Enterprises reports improved Q1 performance and strategic strengths

Icahn Enterprises showed improved financial performance in Q1 2024, with a net loss reduction and increased adjusted EBITDA.
The company's focus on activism strategy, liquidity maintenance, and disciplined approach to acquisitions are key strengths.
Challenges include negative returns in investment funds and the need to address operational efficiency for sustained profitability.
Opportunities lie in strategic acquisitions, market dynamics, and leveraging the strong balance sheet for future growth.

Icahn Enterprises Q2 earnings below, focus on long-term value

Q2 performance below expectations due to declines in CVI and Investments segments.
Efforts to improve Automotive segment EBITDA and capitalize on leasing pipeline.
Maintaining liquidity for seizing opportunities and focusing on long-term value creation.
CEO emphasizes belief in significant holdings' long-term performance and activist strategy.

Icahn Enterprises reports mixed Q3 results with growth opportunities

Icahn Enterprises faced challenges in CVR Energy and Auto Service but showed strength in investment funds and Pharma segment, with opportunities in management changes and asset sales.
Maintained liquidity and strategic investment decisions demonstrate financial stability, while proposed tender offer and value creation potential offer avenues for growth.
Overall, Icahn Enterprises navigated challenges in various segments, capitalized on strengths, and positioned itself for growth through operational improvements and strategic investments.

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SUNNY ISLES BEACH, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (Nasdaq:IEP) is reporting fourth quarter 2020 revenues of $2.8 billion and net income attributable to Icahn Enterprises of $146 million, or $0.61 per depositary unit. For the three months ended December 31, 2019, revenues were $2.6 billion and net loss attributable to Icahn Enterprises was $157 million, or a loss of $0.74 per depositary unit, including a loss of $149 million from continuing operations, or a loss of $0.70 per depositary unit. For the three months ended December 31, 2020, Adjusted EBITDA attributable to Icahn Enterprises was $420 million compared to $111 million for the three months ended December 31, 2019. For the three months ended December 31, 2020, Adjusted EBIT attributable to Icahn Enterprises was $328 million compared to $22 million for the three months ended December 31, 2019.

Icahn Enterprises L.P. Reports Fourth Quarter and Full Year 2020 Financial Results

SUNNY ISLES BEACH, Fla., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (Nasdaq:IEP) announced today that it will discuss its fourth quarter and full year 2020 results on a conference call and webcast on Friday, February 26, 2021 - 10:00 a.m. Eastern Time. The webcast can be viewed live on Icahn Enterprises L.P.'s website at www.ielp.com. It will be archived and made available at www.ielp.com under the Investor Relations section. The toll-free dial-in number for the conference call in the United States is (866) 393-0676. The international number is (253) 237-1149. The passcode to access the conference call is 1395923.

Icahn Enterprises L.P. Announces Q4 and Full Year 2020 Earnings Conference Call

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Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when there is uncertainty in the markets, as there has been due to the pandemic resurgence and political issues.

Notable Insider Buys Of The Past Week: Danimer Scientific, Cheniere Energy Partners And More

Carl Icahn (Trades, Portfolio) has revealed a boost in his stake of Icahn Enterprises LP (NASDAQ:IEP) according to GuruFocus' Real-Time Picks, a Premium feature.

Carl Icahn Boosts Icahn Enterprises Stake

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Icahn Enterprises holds many out of favour equities across private and public markets, a signature of Icahn's highly contrarian investment strategy. However, at current market rates for the kinds of equities he holds, Icahn Enterprises seems overvalued.

Icahn Enterprises: Too High A Premium For Genius

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A Trio of High Dividend Yield Stock Picks

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Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when there is uncertainty in the markets, as there was before and after the elections and as the pandemic worsens.

Notable Insider Buys of the Past Week: Foot Locker, Icahn Enterprises, Kraft Heinz And More

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Horizon Kinetics Trims Texas Pacific, Icahn Enterprises Positions

Icahn Enterprises L.P. (IEP) CEO Keith Cozza on Q3 2020 Results - Earnings Call Transcript

SUNNY ISLES BEACH, Fla., Nov. 06, 2020 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) is reporting third quarter 2020 revenues of $722 million and net loss attributable to Icahn Enterprises of $714 million, or a loss of $3.14 per depositary unit. For the three months ended September 30, 2019, revenues were $2.3 billion and net loss attributable to Icahn Enterprises was $49 million, or a loss of $0.24 per depositary unit. For the three months ended September 30, 2020, Adjusted EBITDA attributable to Icahn Enterprises was $(550) million compared to $(121) million for the three months ended September 30, 2019. For the three months ended September 30, 2020, Adjusted EBIT attributable to Icahn Enterprises was $(637) million compared to $(209) million for the three months ended September 30, 2019.

Icahn Enterprises L.P. Reports Third Quarter 2020 Financial Results

SUNNY ISLES BEACH, Fla., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) announced today that it will discuss its third quarter 2020 results on a conference call and webcast on Friday, November 6, 2020 - 10:00 a.m. Eastern Time. The webcast can be viewed live on Icahn Enterprises L.P.'s website at www.ielp.com. It will be archived and made available at www.ielp.com under the Investor Relations section. The toll-free dial-in number for the conference call in the United States is (866) 393-0676. The international number is (253) 237-1149. The passcode to access the conference call is 8991187.

Icahn Enterprises L.P. Announces Q3 2020 Earnings Conference Call

Longtime corporate raider Carl Icahn, who famously tried to break up Time Warner in 2006 and takeover Lionsgate in 2010, announced a succession plan Thursday where his son Brett to succeed him as CEO of the family’s investment business — in seven years.

Carl Icahn Sets Succession Plan; Corporate Raider Tormented Time Warner & Lionsgate

Carl Icahn has finally revealed a plan to hand over the reins of his investing empire to his son — and the plan is to take his sweet time. The 84-year-old corporate raider has struck a deal with his 41-year-old son, Brett, to hand over control as chairman and chief executive of Icahn Enterprises —.

Carl Icahn reveals plans to hand over reins to his son Brett

Brett Icahn Joins Board of Directors a nd   Purchases $10 Million in Depositary Units

Icahn Enterprises L.P. Enters Into Agreement with Brett Icahn

Billionaire legendary activist investor Carl Icahn is one step closer to retirement after his son Brett is rejoining the family office Icahn Enterprises LP (NASDAQ: IEP), The Wall Street Journal reported. Succession plan Icahn is 84-years old and has no immediate plans to leave his namesake firm.

Is Carl Icahn ready to retire?

Icahn Enterprises (IEP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Icahn Enterprises (IEP) Upgraded to Buy: Here's What You Should Know

Icahn Enterprises L.P. (IEP) CEO Keith Cozza on Q2 2020 Results - Earnings Call Transcript

SUNNY ISLES BEACH, Fla., Aug.  07, 2020  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) is reporting second quarter 2020 revenues of $2.7 billion and net income attributable to Icahn Enterprises of $299 million, or $1.36 per depositary unit. For the three months ended June 30, 2019, revenues were $2.2 billion and net loss attributable to Icahn Enterprises was $498 million, or $2.49 per depositary unit, including a loss of $474 million from continuing operations, or $2.37 per depositary unit. For the three months ended June 30, 2020, Adjusted EBITDA attributable to Icahn Enterprises was $695 million compared to $(257) million for the three months ended June 30, 2019. For the three months ended June 30, 2020, Adjusted EBIT attributable to Icahn Enterprises was $607 million compared to $(349) million for the three months ended June 30, 2019.

Icahn Enterprises L.P. Reports Second Quarter 2020 Financial Results

SUNNY ISLES BEACH, Fla., July  29, 2020  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) announced today that it will discuss its second quarter 2020 results on a conference call and webcast on Friday, August 7, 2020 - 10:00 a.m. Eastern Time. The webcast can be viewed live on Icahn Enterprises L.P.'s website at www.ielp.com. It will be archived and made available at www.ielp.com under the Investor Relations section. The toll-free dial-in number for the conference call in the United States is (866) 393-0676. The international number is (253) 237-1149. The passcode to access the conference call is 2378437.

Icahn Enterprises L.P. Announces Q2 2020 Earnings Conference Call

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Icahn Enterprises L.P. (IEP) CEO Keith Cozza on Q1 2020 Results - Earnings Call Transcript

SUNNY ISLES BEACH, Fla., May  08, 2020  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) is reporting first quarter 2020 revenues of $(60) million and net loss attributable to Icahn Enterprises of $1.4 billion, or $6.34 per depositary unit. For the three months ended March 31, 2019, revenues were $1.9 billion and net loss attributable to Icahn Enterprises was $394 million, or $2.02 per depositary unit. For the three months ended March 31, 2020, Adjusted EBITDA attributable to Icahn Enterprises was $(1.3) billion compared to $(195) million for the three months ended March 31, 2019. For the three months ended March 31, 2020, Adjusted EBIT attributable to Icahn Enterprises was $(1.4) billion compared to $(282) million for the three months ended March 31, 2019.

Icahn Enterprises L.P. Reports First Quarter 2020 Financial Results

NEW YORK, March  23, 2020  (GLOBE NEWSWIRE) -- In response to investor inquiries and market speculation, Icahn Enterprises L.P. (NASDAQ:IEP) today confirmed that it is the intention of the Board of Directors of the general partner of Icahn Enterprises to maintain the regular quarterly distribution, in the amount of $2.00 per depositary unit, for the foreseeable future. Depositary unitholders will continue to have the right to make an election each quarter to receive either cash or additional depositary units; if a unitholder does not make an election, it will automatically be deemed to have elected to receive the distribution in cash.

Icahn Enterprises L.P. Issues Statement Regarding Quarterly Distribution

Icahn Enterprises L.P. (IEP) CEO Keith Cozza on Q4 2019 Results - Earnings Call Transcript

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