Icahn Enterprises (NASDAQ:IEP) Net Profit Tumbles However Revenue Soars – IEP, PBY, AAP, ORLY

Icahn Enterprises LP (NASDAQ:IEP) declared on Friday a sharp drop in fiscal Q4 profit, regardless of strong revenues. Board of directors also unveiled boost of yearly distribution to $4.00 a depository share.

Net income attributable to company was $6 million or $0.06 a LP unit in fiscal Q4, significantly low from $260 million or $2.81 a LP unit in a year ago.

The corporation announced its most recent quarterly results were negatively impacted by planned turnarounds at CVR Energy’s Wynnewood refinery and Coffeyville fertilizer scheme.

Quarterly revenues moved up to $4.2 billion from $3.2 billion in the previous year’s quarter.

Net income fell to $396 million or $3.75 a LP unit for the full year, from $750 million or $8.15 a LP unit in a year ago. Yearly revenues moved up to $15.65 billion from $11.84 billion in previous year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. The Pep Boys – Manny, Moe & Jack (NYSE:PBY) rose +2.45% to settle at $12.14, Advance Auto Parts, Inc. (NYSE:AAP) moved up +2.45% to end at $79.57 while O’Reilly Automotive Inc (NASDAQ:ORLY) jumped +0.25% to finish at $103.76 on Friday.

Icahn Enterprises LP (NASDAQ:IEP) last session’s volume of 100,563 shares was lower than its average volume of 180,326 shares. The stock after opening at $61.00 hit high price of $61.00 and then closed at $60.70 by scoring -0.41%.

IEP generated revenue of $15.65 billion in the previous twelve months and earned $379.00 million. The Company showed a positive 4.64% in the net profit margin as well as in its operating margin which remained at 4.13%. Company’s annual sales growth for the past five years was 44.43%.

The IEP’s past twelve months’ price to sales ratio was 0.42 and price to cash ratio remained 1.46. As far as the returns are concerned, IEP’s return on equity was recorded as 8.48% and return on investment increased 4.38% while its return on asset stayed at 2.93%.

The stock showed weekly downbeat performance of -0.16% which was maintained for the month at -22.06%. Likewise the positive performance for the quarter was recorded as 54.26% and for the year was 45.53% while the YTD performance remained at 37.49%.

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