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

Earnings data Q2 2021

Earnings data Q3 2021

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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NEW YORK, Jan.  09, 2020  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), consummated their tack-on offering of $300,000,000 aggregate principal amount of additional 4.750% Senior Notes due 2024 (the “2024 Notes”) and $250,000,000 aggregate principal amount of additional 5.250% Senior Notes due 2027 (the “2027 Notes” and, together with the 2024 Notes, the “Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”). The 2024 Notes were issued under an indenture dated as of September 6, 2019 and the 2027 Notes were issued under an indenture dated as of December 12, 2019, in each case, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and are guaranteed by the Guarantor. The proceeds from the Notes Offering will be used for general limited partnership purposes, including the redemption of the Issuers’ existing 5.875% senior unsecured notes due 2022.

Icahn Enterprises L.P. Announces Closing of $550 Million Senior Notes Offering

NEW YORK, Jan.  06, 2020  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), priced their offering of $300,000,000 aggregate principal amount of additional 4.750% Senior Notes due 2024 (the “2024 Notes”) and $250,000,000 aggregate principal amount of additional 5.250% Senior Notes due 2027 (the “2027 Notes” and, together with the 2024 Notes, the “Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”).  The aggregate principal amount represents an increase in the size of the Notes Offering of $250,000,000 from the previously announced aggregate offering of $300,000,000.  The Notes Offering is expected to close on January 9, 2020, subject to customary closing conditions. The 2024 Notes will be issued under the indenture dated as of September 6, 2019 and the 2027 Notes will be issued under the indenture dated as of December 12, 2019, in each case, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The proceeds from the Notes Offering will be used for general limited partnership purposes, including the redemption of the Issuers’ existing 5.875% senior unsecured notes due 2022. There can be no assurance that the issuance and sale of any debt securities will be consummated.

Icahn Enterprises L.P. Announces Upsizing and Pricing of Senior Notes.

NEW YORK, Jan.  06, 2020  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), intends to commence an offering of additional 4.750% Senior Notes due 2024 (the “2024 Notes”) and additional 5.250% Senior Notes due 2027 (the “2027 Notes” and, together with the 2024 Notes, the “Notes”) for issuance in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”). The 2024 Notes will be issued under the indenture dated as of September 6, 2019 and the 2027 Notes will be issued under the indenture dated as of December 12, 2019, in each case, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The proceeds from the offering will be used for general limited partnership purposes, including the redemption of the Issuers’ existing 5.875% senior unsecured notes due 2022. There can be no assurance that the issuance and sale of any debt securities of the Issuers will be consummated.

Icahn Enterprises  L.P. Intends to Offer New Senior Notes

NEW YORK, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), priced their offering of $750,000,000 aggregate principal amount of 5.250% Senior Notes due 2027 (the “Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”).  The aggregate principal amount represents an increase in the size of the Notes Offering of $250,000,000 from the previously announced offering of $500,000,000.  The Notes Offering is expected to close on December 12, 2019, subject to customary closing conditions. The Notes will be issued under an indenture by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The proceeds from the Notes Offering will be used for general limited partnership purposes. There can be no assurance that the issuance and sale of any debt securities will be consummated.

Icahn Enterprises  L.P. Announces Upsizing and Pricing of Senior Notes.

NEW YORK, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), intends to commence an offering of Senior Notes due 2027 (the “Notes”) for issuance in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be issued under an indenture by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The proceeds from the offering will be used for general limited partnership purposes. There can be no assurance that the issuance and sale of any debt securities of the Issuers will be consummated.

Icahn Enterprises L.P. Intends to Offer New Senior Notes.

Brookfield Asset Management

Compass Diversified Holdings

Loews

LVMH Moet Hennessy Louis Vuitton

Kering SA

Seaboard

The deal doubles LVMH’s jewelry market share to 18%. More importantly, it is by far the conglomerate’s biggest acquisition in its history.

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Icahn Enterprises L.P. (IEP) CEO Keith Cozza on Q3 2019 Results - Earnings Call Transcript

NEW YORK, Nov.  01, 2019  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) announced today that the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unitholder and will be paid on or about December 20, 2019 to depositary unit holders of record at the close of business on November 15, 2019.

Icahn Enterprises L.P. Announces Quarterly Distribution

CVR Energy

Caesars Entertainment

Herbalife

Cheniere Energy

Occidental Petroleum

Activist investor is moving fund office from New York to Florida.

Carl Icahn's Top 6 Holdings

Billionaire investor Carl Icahn is closing his White Plains New York office and relocating to Florida and will do so with or without his current employees.

Miami State Of Mind: Carl Icahn Is Leaving New York

NEW YORK, Sept.  06, 2019  (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), consummated their offering of $500,000,000 aggregate principal amount of 4.750% Senior Notes due 2024 (the “Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”). The Notes were issued under an indenture by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and are guaranteed by the Guarantor. The proceeds from the Notes Offering will be used for general limited partnership purposes.

Icahn Enterprises L.P. Announces Closing of $500 Million Senior Notes Offering

Antero Midstream Partners

National CineMedia

New Media Investment Group

Annaly Capital

New Residential Investment

Tanger Factory Outlet Centers

Western Gas Partners

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Icahn Enterprises LP (IEP) CEO Keith Cozza on Q2 2019 Results - Earnings Call Transcript

Icahn Enterprises' (IEP) CEO Keith Cozza on Q1 2019 Results - Earnings Call Transcript

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Invest Like Warren Buffett, Not Carl Icahn

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