Last $100.09 USD
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icahn enterprises lp (IEP) Key Developments

Icahn Enterprises, L.P. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Impairment of Assets for the First Quarter Ended March 31, 2014

Icahn Enterprises, L.P. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced revenues of $4,990 million compared to $5,369 million for the same period a year ago. Income before income tax expense was $180 million compared to $830 million for the same period a year ago. Net income was $77 million compared to $710 million for the same period a year ago. Net loss attributable to Icahn Enterprises was $29 million or $0.24 per diluted depositary unit compared to net income attributable to Icahn Enterprises of $277 million or $2.50 per diluted depositary unit for the same period a year ago. Consolidated EBITDA was $533 million compared to $1,142 million for the same period a year ago. Consolidated Adjusted EBITDA was $523 million compared to $1,169 million for the same period a year ago. EBITDA attributable to Icahn Enterprises L.P. was $325 million compared to $601 million for the same period a year ago. Adjusted EBITDA attributable to Icahn Enterprises L.P. was $356 million compared to $618 million for the same period a year ago. Consolidated EBIT was $346 million compared to $972 million for the same period a year ago. Consolidated adjusted EBIT was $336 million compared to $999 million for the same period a year ago. EBIT attributable to Icahn Enterprises L.P. was $187 million compared to $490 million for the same period a year ago. Adjusted EBIT attributable to Icahn Enterprises L.P. was $218 million compared to $507 million for the same period a year ago. Adjusted net income attributable to Icahn Enterprises was $92 million compared to $274 million for the same period a year ago. Adjusted diluted income per depositary unit was $0.77 compared to $2.49 for the same period a year ago. For the first quarter ended March 31, 2014, the company announced impairment of assets of $1 million.

Icahn Enterprises, L.P., Q1 2014 Earnings Call, May 07, 2014

Icahn Enterprises, L.P., Q1 2014 Earnings Call, May 07, 2014

Icahn Enterprises, L.P. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Impairment for the Fourth Quarter Ended December 31, 2013

Icahn Enterprises, L.P. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the fourth quarter of 2013, revenues were $4.9 billion and net income attributable to the company was $222 million, or $1.90 per diluted LP unit. For fourth quarter of 2012, revenues were $4.3 billion and net income attributable to the company was $6 million, or $0.05 per diluted LP unit. For the fourth quarter of 2013, Adjusted EBITDA attributable to Icahn Enterprises was $282 million compared to $331 million in the fourth quarter of 2012. For the fourth quarter of 2013, adjusted EBIT attributable to Icahn Enterprises was $140 million compared to $200 million in the fourth quarter of 2012. Income before income tax benefit was $13 million compared to $21 million a year ago. Consolidated EBITDA was $331 million compared to $338 million a year ago. Consolidated adjusted EBITDA was $571 million compared to $510 million a year ago. EBITDA attributable to the company was $101 million compared to $188 million a year ago. Adjusted EBITDA attributable to the company was $282 million compared to $331 million a year ago. LBIT attributable to the company was $41 million compared to EBIT attributable to the company of $57 million a year ago. Adjusted EBIT attributable to the company $140 million compared to $200 million a year ago. For the full year, the company’s revenues were $20.7 billion and net income attributable to the company was $1.0 billion, or $9.07 per diluted LP unit, an increase of 144% compared to the prior year. For the full year 2012, revenues were $15.8 billion and net income attributable to the company was $396 million, or $3.72 per diluted LP unit. Adjusted EBITDA attributable to Icahn Enterprises was $1.9 billion for the full year 2013 compared to $1.5 billion for the full year 2012. Adjusted EBIT attributable to Icahn Enterprises was $1.4 billion for the full year 2013 compared to $1.1 billion for the full year 2012. Income before income tax (expense) benefit was $2,326 million compared to $681 million a year ago. Consolidated EBITDA was $3,578 million compared to $1,842 million a year ago. Consolidated adjusted EBITDA was $3,671 million compared to $2,318 million a year ago. EBITDA attributable to the company was $1,804 million compared to $1,158 million a year ago. Adjusted EBITDA attributable to the company was $1,896 million compared to $1,546 million a year ago. EBIT attributable to the company was $1,319 million compared to $724 million a year ago. Adjusted EBIT attributable to the company $1,411 million compared to $1,112 million a year ago. The company reported impairment for the fourth quarter ended December 31, 2013. For the quarter, the company reported impairment of 9 million compared to $42 million a year ago.

Icahn Enterprises, L.P., Q4 2013 Earnings Call, Mar 03, 2014

Icahn Enterprises, L.P., Q4 2013 Earnings Call, Mar 03, 2014

Icahn Enterprises L.P. Announces Management Changes

Icahn Enterprises L.P. announced the appointment of Keith Cozza to the positions of President and Chief Executive Officer, effective as of February 5, 2014. Mr. Cozza succeeds Daniel A. Ninivaggi, who will become Co-Chief Executive Officer of Federal-Mogul Corporation. Mr. Ninivaggi will continue to serve as a director of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises, as well as certain affiliates of Icahn Enterprises, including CVR Refining, L.P, Federal-Mogul Corporation and Tropicana Entertainment Inc. Mr. Cozza, currently a director of Icahn Enterprises. Mr. Cozza is also the Chief Financial Officer of Icahn Associates Holding LLC.

 

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Price/Earnings 16.0x
Price/Sales 0.6x
Price/Book 1.9x
Price/Cash Flow 16.8x
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