Icahn Enterprises Stock Price, News & Analysis

Icahn Enterprises L.P. (NASDAQ: IEP) announced the sale of 100% equity in PSC Metals, LLC to SA Recycling LLC for approximately $290 million. This amount includes debt repayment and is subject to standard working capital adjustments. The company valued PSC Metals at $141 million on its balance sheet as of June 30, 2021. Icahn Enterprises retains a strategic land parcel previously owned by PSC Metals and plans to lease it to SA Recycling. The transaction is expected to close by the end of 2021, pending regulatory approvals.

Icahn Enterprises L.P. (Nasdaq:IEP) has rescheduled its third quarter 2021 earnings conference call to 3:00 p.m. ET on November 2, 2021. The call will be accessible via www.ielp.com and will include an archive for later viewing. Investors can join the call using the toll-free number (866) 393-0676 or the international number (253) 237-1149 with the passcode 8673748. Icahn Enterprises operates in diverse sectors including Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma.

Icahn Enterprises L.P. (Nasdaq:IEP) will discuss its Q3 2021 results during a conference call on November 2, 2021, at 10:00 a.m. Eastern Time. Investors can access the webcast live on the company's website, with an archive available post-event. The toll-free dial-in number in the U.S. is (866) 393-0676.

Icahn Enterprises operates across eight segments: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma.

Icahn Enterprises L.P. (Nasdaq: IEP) reported a net loss of $136 million, or $0.53 per depositary unit, for Q2 2021, compared to a net income of $299 million in Q2 2020. Revenue increased to $3.0 billion, up from $2.7 billion in the same period last year. For the first half of 2021, revenues were $6.4 billion with a net income of $26 million, improving from a loss of $1.1 billion in H1 2020. The company declared a quarterly distribution of $2.00 per depositary unit set for payment on September 29, 2021.

Icahn Enterprises L.P. (Nasdaq:IEP) announced a conference call on August 6, 2021, at 10:00 a.m. ET to discuss its second quarter 2021 results. Interested parties can listen via the company's website, with an archive available afterwards. Icahn Enterprises is a diversified holding company with eight business segments, including Investment, Energy, and Pharma. The press release also includes forward-looking statements cautioning about various risks, including economic downturns and the impact of the COVID-19 pandemic on operations.

Grand Harbor Golf & Beach Club, located in Vero Beach, Florida, has successfully completed proxy solicitations to amend its bylaws and secure funding for enhancements. Members acquired the club from a subsidiary of Icahn Enterprises (IEP), evading bankruptcy threats. A $10 million bank loan will initiate a capital improvement plan, starting with greens reconstruction on the Harbor Course, designed by Pete Dye, set to reopen this fall. Additionally, the club has filed suit against the previous owner for breaches of contract and fiduciary duty, alleging mismanagement of member funds.

Icahn Enterprises (NASDAQ: IEP) reported a strong performance for Q1 2021, with revenues of $3.4 billion and net income of $162 million, translating to $0.65 per depositary unit. This marks a significant recovery from the net loss of $1.4 billion in Q1 2020. Adjusted EBITDA rose to $435 million from a loss of $1.3 billion a year earlier. The indicative net asset value increased $668 million to $4.22 billion. The company also announced a quarterly distribution of $2.00 per depositary unit, payable on June 30, 2021.

Icahn Enterprises L.P. (NASDAQ: IEP) will discuss its first quarter 2021 results during a conference call and webcast on May 7, 2021, at 10:00 a.m. Eastern Time. The event will be accessible via Icahn Enterprises' website. As a diversified holding company, it engages in various sectors including Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma. The release includes forward-looking statements subject to risks such as economic downturns, competition, and COVID-19 impacts on operations.

Icahn Enterprises L.P. (NASDAQ: IEP) announced the successful completion of a private placement offering of $455 million in 5.250% Senior Notes due 2027. The net proceeds will be utilized to redeem existing 6.250% Senior Notes due 2022. This offering is made under an indenture and primarily targets qualified institutional buyers following the Securities Act. Notably, the notes have not been registered, limiting their sale within the U.S. The company operates across multiple sectors including investment, energy, and pharmaceuticals.