Icahn Enterprises L.P. (IEP) reported that its first-quarter net income attributable to Icahn Enterprises rose to $277 million from $49 million last year. Profit per LP unit was $2.50 compared to $0.48 prior year. Revenues were $5.32 billion compared to $2.68 billion last year. Net sales increased to $4.57 billion from $2.40 billion last year.
Adjusted EBITDA attributable to Icahn Enterprises was $621 million compared to $213 million prior year. Adjusted EBIT attributable to Icahn Enterprises increased to $507 million from $135 million last year.
Carl C. Icahn, Icahn Enterprises' Chairman said: "Our performance this quarter in particular and over the past decade in general, highlights the fact that an activist strategy when properly implemented can greatly enhance value for all shareholders."
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