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 Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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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Icahn Enterprises is the publicly traded investment vehicle of Carl Icahn. The company owns several operating businesses as well as holdings in publicly traded companies.

Is Icahn Enterprises a Millionaire Maker?

SUNNY ISLES BEACH, Fla. , May 13, 2024 /PRNewswire/ -- Icahn Enterprises L.P.

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

IEP stock underperformed the market over the last 4 months. Base business produces no earnings and revenues were lower compared to last year. Cash levels are decreasing and unit count is increasing.

Icahn Enterprises: The 22% Yield Keeps Luring In Speculators

Icahn Enterprises L.P. IEP, -0.28% said Monday it intends to offer $500 million of high-yield six-year notes in a private placement.

Icahn Enterprises to offer $500 million of high-yield six-year bonds

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The notable reduction in its first-quarter net loss indicates a positive trend. Adjusted EBITDA increased by a healthy 41.1%.

Icahn Enterprises' Turnaround Efforts Gained Ground in Q1

Icahn Enterprises L.P. (NASDAQ:IEP ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Robert Flint - Chief Accounting Officer Andrew Teno - President & Chief Executive Officer Ted Papapostolou - Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies Operator Good morning, and welcome to the Icahn Enterprises LP's First Quarter 2024 Earnings Conference Call with Andrew Teno, President and Chief Executive Officer; Ted Papapostolou, Chief Financial Officer; and Robert Flint, Chief Accounting Officer.

Icahn Enterprises L.P. (IEP) Q1 2024 Earnings Call Transcript

Icahn Enterprises posted a smaller net loss thanks to improvements in its investment portfolio. The holding company kept its highly-scrutinized dividend steady from the previous quarter.

Why Shares of Icahn Enterprises Are Up Today

Icahn Enterprises LP's stock was up 2% on Wednesday, after the company backed its $1 quarterly dividend as it reported first-quarter earnings.

Icahn Enterprises says it will keep paying its $1 quarterly dividend

Sunny Isles Beach, Fla. , May 8, 2024 /PRNewswire/ -- First quarter net loss attributable to IEP of $38 million, an improvement of $232 million over prior year quarter First quarter Adjusted EBITDA attributable to IEP of $134 million, an increase of $39 million over prior year quarter Indicative Net Asset Value was approximately $5 billion as of March 31, 2024, an increase of $194 million compared to December 31, 2023 IEP declares first quarter distribution of $1.00 per depositary unit Financial Summary (Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified) For the three months ended March 31, 2024, revenues were $2.5 billion and net loss was $38 million, or a loss of $0.09 per depositary unit.

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its First Quarter 2024 Financial Results

SUNNY ISLES BEACH, Fla., April 29, 2024 /PRNewswire/ -- Icahn Enterprises L.P.

Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference Call

Carl Icahn is betting big on Icahn Enterprises stock. Shares have lost more than 60% of their value over the past year, potentially creating a buying opportunity.

Billionaire Investor Carl Icahn Is Betting $6.3 Billion on This 1 Stock

Viskase is among the largest global producers of casings for the processed meat sector and forms part of Icahn Enterprises.

Viskase: Global Casing Major Trading At Just 5.5x EV/EBITDA

Icahn Enterprises stock offers a lucrative 24% dividend yield. But the company's cash reserves suggest this dividend will be slashed, perhaps soon.

Icahn Enterprises: Buy, Sell, or Hold?

Icahn Enterprises stock has taken a beating recently. Many investors wonder if this is an incredible buying opportunity.

Is Icahn Enterprises Stock a Millionaire Maker?

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Icahn Enterprises LP's stock was flat on Wednesday after the investing arm of billionaire activist investor Carl Icahn posted an unexpected fourth-quarter loss but revenue that topped estimates.

Carl Icahn's investing arm posts surprise fourth-quarter loss but sticks with $1-per-unit dividend

Icahn Enterprises L.P. (IEP) Q4 2023 Earnings Call Transcript

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SUNNY ISLES BEACH, Fla. , Feb. 28, 2024 /PRNewswire/ -- Fourth quarter net loss attributable to IEP of $139 million, an improvement of $116 million over prior year quarter Fourth quarter Adjusted EBITDA attributable to IEP of $9 million, an increase of $84 million over prior year quarter Indicative Net Asset Value was $4.76 billion as of December 31, 2023, a decrease of approximately $411 million compared to September 30, 2023, primarily driven by the shorts in the investment funds, which are used for hedging, and the distributions to our unitholders IEP declares fourth quarter distribution of $1.00 per depositary unit In December 2023 we defeased our 2024 notes and the next note maturity of $750 million is December of 2025 Our cash position was $2.7 billion across the Holding Company and Investment segments as of Year End 2023 (1) As Chairman Carl C.

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Fourth Quarter and Full Year 2023 Financial Results

Icahn Enterprises has successfully refinanced its 2024 debt, but at a far higher rate. The company's estimated net asset value (NAV) has significantly decreased. The stock looks poised to go lower as distribution is cut again in the coming quarters.

Icahn Enterprises: Refinancing And NAV Drop Accentuate Risks For Distribution

SUNNY ISLES BEACH, Fla. , Feb. 21, 2024 /PRNewswire/ -- Icahn Enterprises L.P.

Icahn Enterprises L.P. Announces Q4 and Full Year 2023 Earnings Conference Call

Conglomerate Icahn Enterprises (NASDAQ: IEP ) — named after its founder, the activist investor Carl Icahn — again found itself treading in red ink. Sparking the negativity was a change in leadership.

News for Icahn Enterprises Stock (IEP)