NASDAQ$IEP

Icahn Enterprises LP · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Icahn Enterprises reported a net loss of $38 million and revenues of $2.5 billion for Q1 2024.

Icahn Enterprises reported revenues of $2.5 billion and a net loss of $38 million for the first quarter of 2024. Adjusted EBITDA was $134 million, compared to $95 million for the same period in the previous year. The indicative net asset value increased by $194 million compared to December 31, 2023.

  • Revenues for Q1 2024 were $2.5 billion.
  • Net loss for Q1 2024 was $38 million, or a loss of $0.09 per depositary unit.
  • Adjusted EBITDA for Q1 2024 was $134 million.
  • Indicative net asset value increased by $194 million compared to December 31, 2023.

Headline financials

Total Revenue

$2.47B

Previous: $2.64B-6.6%
EPS (adj)

-$0.09

Previous: -$0.75+88.0%
Adjusted EBITDA Attributable to IEP

$134M

Previous: $116M+15.5%
Indicative Net Asset Value

$3.34B

Previous: $5.6B-40.4%
Distribution Per Depositary Unit

$1.00

No prior period
Capital Expenditures

-$68M

Previous: -$58M-17.2%
Free Cash Flow

-$106M

Previous: -$328M+67.7%
Net Income

-$38M

Previous: -$270M+85.9%
Operating Income

$2.27B

Previous: $2.4B-5.5%
Gross Profit

$2.47B

Previous: $2.64B-6.6%

Revenue & EPS history

Icahn Enterprises · Revenue · Quarterly

$2.47B

Q1 2024-6.6%vs Q1 2023
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Forward guidance

This release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.4%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-8.1%

Avg return

30 days after

42%

27 / 64 earnings

Positive

+15.2%

Q3 2023

Best reaction

-27.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.7%-2.6%-11.0%
Q4 2025+3.2%+4.8%-3.7%
Q3 2025+8.9%+11.0%-2.6%
Q2 2025-0.2%+3.2%-6.3%
Q1 2025-4.4%+5.2%-3.2%
Q4 2024-2.2%-2.5%-10.2%
Q3 2024-0.2%-3.6%-18.1%
Q2 2024-5.0%-1.3%-37.0%
Q1 2024+5.0%+7.0%-2.7%
Q4 2023+3.6%-11.1%-21.0%
Q3 2023+15.2%+12.7%-0.8%
Q2 2023-27.6%-27.3%-38.1%
Q1 2023-16.6%-10.1%-26.3%
Q4 2022-0.6%-0.3%-6.5%
Q3 2022+1.3%+1.0%-5.7%
Q2 2022+0.1%+0.4%-5.0%
Q1 2022-1.5%+0.1%-4.0%
Q4 2021+0.8%+0.1%-5.4%
Q3 2021-0.3%-0.8%-11.7%
Q2 2021+0.9%-0.6%-7.5%
Q1 2021+5.1%+0.1%-4.1%
Q4 2020-8.5%-9.6%-18.3%
Q3 2020-2.0%-1.4%-3.3%
Q2 2020+7.0%+7.3%-5.0%
Q1 2020+2.3%+0.3%+4.4%
Q4 2019+3.5%+0.8%-21.3%
Q3 2019-3.1%-2.9%-11.3%
Q2 2019+1.4%+1.1%-8.8%
Q1 2019-0.7%+0.1%-8.5%
Q4 2018+6.3%+4.8%+0.7%
Q3 2018-6.2%-6.3%-11.6%
Q2 2018+1.9%+3.8%-0.2%
Q1 2018+2.4%+7.6%+3.3%
Q4 2017+4.4%+12.7%+4.5%
Q3 2017+6.2%+4.3%-5.1%
Q2 2017+3.3%-1.3%-2.7%
Q1 2017-3.2%-6.3%-9.8%
Q4 2016-4.3%-3.1%-8.9%
Q3 2016-0.6%+0.1%+17.6%
Q2 2016-0.4%+2.4%-9.5%
Q1 2016-11.7%
Q4 2015+10.3%
Q3 2015-1.9%
Q2 2015-1.6%
Q1 2015-0.9%
Q4 2014-6.3%
Q3 2014-1.8%
Q2 2014-1.0%
Q1 2014-2.4%
Q4 2013+3.2%
Q3 2013+13.4%
Q2 2013-0.3%
Q1 2013+8.5%
Q4 2012-2.3%
Q3 2012-5.4%
Q1 2012-5.3%
Q4 2011+1.4%
Q3 2011-2.9%
Q2 2011+6.6%
Q1 2011+3.0%
Q4 2010-2.8%
Q3 2010-1.0%
Q2 2010-0.1%
Q1 2010-12.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro