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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SUNNY ISLES BEACH, Fla. , Oct. 26, 2023 /PRNewswire/ -- Icahn Enterprises L.P.

Icahn Enterprises L.P. Announces Q3 2023 Earnings Conference Call

Kellogg

Coca-Cola

High dividend yields don't always make stocks attractive for investors. Often, stocks with high dividend yields can represent some of the worst investments available.

3 Stocks to Skip Despite Their Delicious Dividend Yields

Blackrock Inc

Goldman Sachs

Today's market is not the one you inherited many years ago; this is entirely different. With giants like BlackRock NYSE: BLK and The Goldman Sachs Group NYSE: GS guiding their own ships toward a mix of yield and liquidity and away from what seems to be overvalued stocks, you, too, can adjust accordingly.

3 High Dividend Stocks To Beat Treasury Yields

Icahn Enterprises L.P.'s stock IEP, -1.75% dropped almost 2% Thursday to close at a fresh 52-week low of $17.

Icahn Enterprises's stock falls to fresh 52-week low

IEP's past decade's performance has raised questions about its strategy and shaken investor confidence. There is an evident need for a significant multi-billion dollar win to regain trust. The dividend strategy of IEP is complex. Carl Icahn's commitment to dividends is firm. With the recent dividend cuts, it's now easier to see it through.

Icahn: The Hunt For The Billion-Dollar Triumph

ReNew Energy Global PLC

Sunrun

San Juan Basin Royalty Trust

Mammoth Energy Services

Exxon Mobil

Oil prices are rising again but the energy sector remains volatile. The unpredictability in the sector isn't merely a blip but reflects deeper concerns plaguing the sector, which highlights the importance of energy stocks to sell.

Beware! 7 Energy Stocks Waving Massive Red Flags Right Now

In the world of investments, the oil sector continues to oscillate between boom and bust, testing investors' mettle globally. Following the Russian incursion into Ukraine last year, the world was reminded of Russia's role as a cornerstone in Europe's oil supply chain, giving rise to supply fears and speculative investor bids on crude oil.

Beware! 3 Oil Stocks Waving Massive Red Flags Right Now

Intel

Paramount Global

Dividends are powerful incentives for investors. Many investors rely on regular dividend payments to provide income.

Beware! 3 Dividend Stocks Waving Massive Red Flags Right Now.

Short sellers try to benefit from stock price declines. Short sellers often put out research to convince other investors to sell the stocks they are targeting.

You Can't Control Short Sellers, But You Can Control What You Do About Them

Icahn Enterprises has had to cut in half its quarterly distribution to unitholders but still yields 20%. IEP is trading at a premium to its net asset value per unit with bearish sentiment remaining high even after a 61% pullback of its valuation year-to-date. Continued losses and an expanding unit count imply more future NAV per unit downside.

Icahn Enterprises: SEC Inquiry, Halved Distribution, 20% Yield From Carl

Bank of America

Canopy Growth

Disney

General Motors

Hershey

Target

Winners and losers emerge from every earnings season. And this year's second quarter has been no different.

7 Stocks Sitting At 52-Week Lows Right Now

Icahn Enterprises L.P.'s stock was down 4.2% to $19.86 on Tuesday, bringing it within sight of its its 52-week low of $18.03, hit earlier this year after short-seller Hindenburg Research published a scathing article about the company.

Carl Ichan's investing arm's stock slides 4.2% to close to its 52-week low

The company just had to cut its dividend payout in half. The investment firm has still struggled mightily this year.

Why Icahn Enterprises Stock Dipped (Again) This Week

Billionaire activist investor Carl Icahn is weathering one of his career's most trying periods, but some on Wall Street say don't count him out yet.

Carl Icahn Should Be Sailing Into the Sunset. Instead, He's Scrambling to Save His Empire.

Domino's Pizza

Barrick Gold

Nutrien

Roblox

TELUS

WeWork

Some of the top companies on the market just posted poor second-quarter financial results. While company executives always do their best to put a positive spin on their quarterly numbers.

7 Stocks to Leave for Dead After Dismal Q2 Earnings

Icahn Enterprises L.P.' stock IEP, -23.23% fell 3.6% premarket Monday, extending Friday's losses after Carl Icahn's investing arm said it's halving its quarterly dividend.

Carl Icahn's investing arm's stock slides another 3.8% premarket

Ares Capital

Banco de Chile

British American Tobacco

Eni SpA Sponsored ADR

Ecopetrol

Energy Transfer LP Unit

Altria

MPLX

Pembina Pipeline

Petroleo Brasileiro

Stellantis N.V. 

AT&T

Telefonica SA

Vodafone Group

dogsofthedow.com (DOD) recently published this list of 50 large-cap high-dividend stocks as of 8/3/23 per data from YCharts. The DOD list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Investors reduce this volatility/risk by searching for high dividends from large well-established companies. For example, YCharts net-gain estimates (updated 8/3/23) for STLA, PBA, ET, BTI, TEF, T, PBR, IEP, VOD & MO ranged 36.88%-65.73%.

50 Large-Cap High-Yield Stocks For August

Icahn Enterprises (NASDAQ: IEP ) stock is plunging lower by more than 20% today after the diversified conglomerate reported second-quarter earnings and announced a quarterly dividend cut of 50% to $1 from $2. IEP stock has been highly volatile following the publication of Hindenburg Research's short report, which alleged that Icahn was at risk of a margin call due to taking on too much leverage against his company, among other things.

IEP Stock Alert: Icahn Enterprises Plunges on Dividend Cut

Icahn Enterprises L.P. (NASDAQ:IEP ) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET Company Participants Jesse Lynn - General Counsel David Willetts - President and CEO Ted Papapostolou - CFO Conference Call Participants Dan Fannon - Jefferies Bruce Monrad - Northeast Investors Trust Andrew Berg - Post Advisory Group Operator Good morning and welcome to the Icahn Enterprises L.P.

Icahn Enterprises L.P. (IEP) Q2 2023 Earnings Call Transcript

Hindenburg said Friday it remained short on the company, in a post on messaging platform X, formerly known as Twitter.

Carl Icahn's firm slashes dividend by 50% after Hindenburg's ‘Ponzi' claim

A jump in quarterly losses and a cut to Icahn Enterprises' dividend led to a 25% stock drop Friday morning.

Carl Icahn Loses Nearly $2 Billion After Firm's Stock Price Plummets 25%

Icahn Enterprises was the subject of a short report earlier this year, and the report seems to be affecting operations. Carl Icahn has already restructured his debt in response to the criticism, and on Friday, Icahn Enterprises cut its dividend in half.

Why Icahn Enterprises Stock Is Plunging Today

Icahn Enterprises also said it would wind down bets that the stock market would collapse, which have inflicted heavy losses.

Icahn's Firm Cuts Dividend in Half After Activist Pressure

IEP reported a weak Q2 2023 with a $417 million loss and a decrease in indicative net asset value. The company's generous distribution policy is unsustainable, and a distribution elimination is likely in the near future. Bond holders are selling off due to the insufficient distribution cut and the drop in NAV, posing refinancing problems in the future.

Icahn Enterprises: Distribution Cut, Don't Get Too Comfortable With The 18% Yield

Shares in Carl Icahn's firm Icahn Enterprises plunged 30% Friday. Those losses came after it said it would halve the amount it pays out to shareholders.

Embattled activist investor Carl Icahn's firm plunges 30% after halving shareholders' payouts

News for Icahn Enterprises Stock (IEP)