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 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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IEP is swapping out its CEO and said the net asset value of its holdings fell. The company is holding firm on a dividend that now yields 20%.

Why Icahn Enterprises Stock Is Falling Today

Icahn Enterprises L.P. said Wednesday that its current chief executive, David Willetts, will become CEO of Pep Boys, the automotive aftermarket service chain that it acquired in 2016.

Icahn Enterprises CEO to become head of Pep Boys

Names Icahn Capital Portfolio Manager, Andrew Teno, as Chief Executive Officer Names Current Chief Executive Officer, David Willetts, as Chief Executive Officer of Pep Boys Announces Estimated Indicative Net Asset Value of $4.76 billion as of Year End 2023 Maintains Quarterly Distribution of $1.00 per Depositary Unit During the last few months we have defeased all 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) SUNNY ISLES BEACH, Fla. , Feb. 21, 2024 /PRNewswire/ -- Icahn Enterprises L.P.

Icahn Enterprises L.P. Announces Management & Financial Update

Two Icahn lieutenants were tapped to serve on JetBlue's board of directors. This quickly followed news that the activist investor had accumulated a substantial equity stake in the carrier.

Why Icahn Enterprises Stock Rose on a Down Tuesday for the Market

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In 2023, energy enterprises grappled with a formidable challenge, a stark departure from the robust rally witnessed in the two preceding years. The Energy Select Sector SPDR Fund (NYSEARCA: XLE ), a vital benchmark, mirrored the plight of the doomed oil stocks with a 2.33% share price decline in the tumultuous past year.

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Carl Icahn owns five stocks with dividend yields between 3.9% and 22.5%. These high-yield dividend stocks include the four largest positions in his portfolio.

Billionaire Carl Icahn Has $9.9 Billion Invested in These 5 High-Yield Dividend Stocks

Icahn Enterprises' distribution yield is sky-high, in large part because of its plunging stock price. One Wall Street analyst remains bullish about the beaten-down stock.

Billionaire Carl Icahn's Top Stock Offers a Mind-Boggling Dividend Yield of 22% -- and Wall Street Thinks It Will Skyrocket 45% in 2024

The master limited partnership is currently paying out a $1 per unit quarterly distribution. A premium to net asset value of 43% is the cost of the substantial 22.1% distribution rate. Icahn Enterprises recorded a dip in revenue and realized a substantial investment loss for its most recent reported quarter.

Icahn Enterprises: Collapsed Market Cap, Halved Distribution, This Is Not A Buy

Crescent Point Energy

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Two of these high-yield stocks favored by analysts are based across the Atlantic -- Sasol and Vodafone. The other two are headquartered in North America -- Canadian oil producer Crescent Point Energy and Florida holding company Icahn Enterprises.

4 High-Yield Dividend Stocks Wall Street Thinks Will Soar 45% or More in 2024

SUNNY ISLES BEACH, Fla. , Dec. 19, 2023 /PRNewswire/ -- Icahn Enterprises L.P.

Icahn Enterprises L.P. Announces Closing of $500 Million Senior Notes Offering and Additional $200 Million Senior Notes Offering

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Medifast

As the markets soar higher following the Federal Reserve's latest decision on interest rates, now may be a great time to jettison any dividend stocks to sell from your portfolio. While stocks overall could continue to perform strongly, company-specific factors can result in poor or even negative returns with many high-yield but low-quality dividend plays.

7 Dividend Stocks I Wouldn't Touch With a 10-Foot Pole

SUNNY ISLES BEACH, Fla. , Dec. 15, 2023 /PRNewswire/ -- Icahn Enterprises L.P.

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

Icahn Enterprises LP IEP, -0.13% said Friday it's planning to offer additional 9.750% senior notes that mature in 2029 in a private placement. The company earlier this week closed a $500 million offering of the notes.

Carl Icahn's investing arm issuing additional 9.75% six-year bonds after stock closes at a 20-year low

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

Icahn Enterprises L.P.'s stock IEP closed below $17 on Tuesday, sending it back toward recent 19-year lows.

Carl Icahn's investing arm's stock closes below $17 again

Icahn Enterprises has a high dividend yield of 23.16%, but there are red flags that discourage investment. IEP's financial performance over the past decade has been poor, with negative net income and low/negative return on capital. The current NAV per share is too low compared to the price per share.

Icahn Enterprises: From The Right Pocket To The Left Pocket

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Operating under the mantra of ‘more is better,' some income-focused investors seek out the highest-yielding dividend stocks out there. Yet if you think that a super-high yield may in theory sound like an easy path to high returns, it may be best to keep in mind the old adage, “there's no such thing as a free lunch.

The 7 Highest-Yielding Dividend Stocks in November

Carl Icahn, one of the most powerful players in Wall Street, is in trouble. His net worth has been in a freefall as his company's woes mount following a short-seller report that came out a few months ago.

Carl Icahn loses $16.6 billion as his net worth plunges to $6.8 billion

V.F.

News Corp

S&P Global Market Intelligence recently stated that activists launched 850 investor activism campaigns in the first half of 2023. Despite the recent backlash against ESG (environment, social, and corporate governance) investing, 86% of the activist investor stocks targeted by campaigns had an ESG component.

3 Stocks Gaining Momentum From Activist Investor Action

Sumitomo Mitsui Financial Corp. 8316, -0.71% said Tuesday it would take an after-tax loss of $560 million in its sale of SMBC Rail Services to New York-based private-equity firm ITE Management LP, for an undisclosed sum. The deal comes about six years after it acquired the railcar company from Icahn Enterprises IEP, +1.90% for an initial sale price of up to $3.36 billion.

SMBC discloses $560 million loss in sale of rail car leasing business to ITE

Icahn Enterprises did the first distribution cut on schedule. Q3-2023 financial results were greeted with joy but the dilution is still moving along at a breathtaking speed. The NAV is around $13.00 based on IEP's own calculations and dividend chasers are unlikely to be rewarded over the next 12-15 months.

Icahn Enterprises: First Cut May Be The Deepest, But The Second One Will Hurt More

In an effort to right the ship amid hefty losses this year, conglomerate Icahn Enterprises (NASDAQ: IEP ) — controlled by notorious activist investor Carl Icahn — saw its shares pop higher on Friday. Primarily, the company announced a dividend of $1 per share in the third quarter, representing a yield of around 20%, per The Wall Street Journal.

Why Is Icahn Enterprises (IEP) Stock Up 10% Today?

Icahn Enterprises L.P. (NASDAQ:IEP ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Jesse Lynn - General Counsel David Willetts - President and CEO Robert Flint - Director of Accounting Conference Call Participants Daniel Fannon - Jefferies Chapin Mechem - Northeast Investors Andrew Berg - Post Advisory Group Operator Good morning, and welcome to the Icahn Enterprises L.P.

Icahn Enterprises L.P. (IEP) Q3 2023 Earnings Call Transcript

Carl Icahn's holding company reported a loss for the quarter, but, more importantly, it maintained its dividend payout. The company has been under pressure from a short-seller this year, and last quarter cut its dividend in half.

Why Icahn Enterprises Stock Is Up Big Today

Icahn Enterprises LP (NYSE:IEP) shares gained almost 15% in early trade on Friday after the diversified holding company run by activist investor Carl Icahn surprised by maintaining its dividend and narrowing its third quarter loss.  Despite its stock declining about 62% in the year to date after short-seller Hindenburg Research alleged the company was overvalued and had an unsustainable dividend, Icahn Enterprises surprised investors by declaring a quarterly dividend.

News for Icahn Enterprises Stock (IEP)