Icahn Enterprises Q1 revenues $4.5 billionStaff writer ▼ | May 8, 2015
Icahn Enterprises L.P. is reporting first quarter 2015 revenues of $4.5 billion and adjusted net income attributable to Icahn Enterprises, after adding back the loss on extinguishment of debt, of $162 million, or $1.28 per depositary unit.
Icahn Enterprises Q1 attributable net income $1.27 per depositary unit
For the first quarter 2015, net income attributable to Icahn Enterprises was $161 million, or $1.27 per depositary unit as compared to net loss attributable to Icahn Enterprises of $29 million, or a loss of $0.24 per depositary unit for the first quarter 2014.
Adjusted EBITDA attributable to Icahn Enterprises was $575 million for the first quarter 2015 compared to $359 million for the first quarter 2014. Adjusted EBIT attributable to Icahn Enterprises was $428 million for the first quarter 2015 compared to $221 million for the first quarter 2014.
On May 5, 2015, the board of directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit.
The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about June 30, 2015 to depositary unit holders of record at the close of business on May 19, 2015. ■