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Icahn Enterprises | 10-Q: Q3 2024 Earnings Report

Icahn Enterprises | 10-Q: Q3 2024 Earnings Report

伊坎企業 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 22:16

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Icahn Enterprises reported Q3 2024 net income of $80 million, compared to a net loss of $30 million in Q3 2023. The Investment Funds achieved a 7.6% return for the quarter, driven by net gains in long positions, particularly in healthcare and utilities sectors. Revenues decreased to $2.79 billion from $3.01 billion year-over-year.The Energy segment saw net sales decline 27% to $1.83 billion due to lower refined product prices and reduced demand. The Automotive segment's revenue dropped 17% to $359 million amid reduced consumer spending on repairs and maintenance. The company maintained strong liquidity with $2.29 billion in cash and cash equivalents as of September 30, 2024.The Board declared a quarterly distribution of $0.50 per depositary unit, payable December 26, 2024. During Q3, the company repurchased approximately $177 million aggregate principal amount of senior notes and sold 233,000 depositary units through its At-The-Market offering program for gross proceeds of $4 million. Mr. Icahn and affiliates owned approximately 86% of outstanding depositary units.
Icahn Enterprises reported Q3 2024 net income of $80 million, compared to a net loss of $30 million in Q3 2023. The Investment Funds achieved a 7.6% return for the quarter, driven by net gains in long positions, particularly in healthcare and utilities sectors. Revenues decreased to $2.79 billion from $3.01 billion year-over-year.The Energy segment saw net sales decline 27% to $1.83 billion due to lower refined product prices and reduced demand. The Automotive segment's revenue dropped 17% to $359 million amid reduced consumer spending on repairs and maintenance. The company maintained strong liquidity with $2.29 billion in cash and cash equivalents as of September 30, 2024.The Board declared a quarterly distribution of $0.50 per depositary unit, payable December 26, 2024. During Q3, the company repurchased approximately $177 million aggregate principal amount of senior notes and sold 233,000 depositary units through its At-The-Market offering program for gross proceeds of $4 million. Mr. Icahn and affiliates owned approximately 86% of outstanding depositary units.
伊坎企業在2024年第三季度報告的凈利潤爲8000萬,相較於2023年第三季度的淨虧損3000萬。投資基金本季度取得了7.6%的回報,主要得益於開多頭寸的淨收益,尤其是在醫療保健和公用事業領域。營業收入從去年的30.1億下降至27.9億。能源部門的淨銷售額因降低的精煉產品價格和需求減少而下降27%,降至18.3億。汽車部門的營業收入因消費者在維修和維護上的支出減少而下降17%,降至35900萬。截止到2024年9月30日,公司保持了強勁的流動性,現金及現金等價物爲22.9億。董事會宣佈每份存託單位季度分配爲0.50美元,將於2024年12月26日支付。在第三季度,公司回購了約17700萬的高級票據總本金,並通過其市場發行計劃出售了233,000份存託單位,獲得了400萬的總收入。伊坎及其關聯方持有約86%的已發行存託單位。
伊坎企業在2024年第三季度報告的凈利潤爲8000萬,相較於2023年第三季度的淨虧損3000萬。投資基金本季度取得了7.6%的回報,主要得益於開多頭寸的淨收益,尤其是在醫療保健和公用事業領域。營業收入從去年的30.1億下降至27.9億。能源部門的淨銷售額因降低的精煉產品價格和需求減少而下降27%,降至18.3億。汽車部門的營業收入因消費者在維修和維護上的支出減少而下降17%,降至35900萬。截止到2024年9月30日,公司保持了強勁的流動性,現金及現金等價物爲22.9億。董事會宣佈每份存託單位季度分配爲0.50美元,將於2024年12月26日支付。在第三季度,公司回購了約17700萬的高級票據總本金,並通過其市場發行計劃出售了233,000份存託單位,獲得了400萬的總收入。伊坎及其關聯方持有約86%的已發行存託單位。
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