Icahn Enterprises L.P. (NASDAQ:IEP) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET
Company Participants
Jesse Lynn – General Counsel
Andrew Teno – President and Chief Executive Officer
Ted Papapostolou – Chief Financial Officer
Conference Call Participants
Dan Fannon – Jefferies
Bruce Monrad – Northeast Investors Trust
Operator
Good morning, and welcome to the Icahn Enterprises L.P. Fourth Quarter 2023 Earnings Conference Call with Jesse Lynn, General Counsel; Andrew Teno, President and Chief Executive Officer; Ted Papapostolou, Chief Financial Officer; and Robert Flint, Chief Accounting Officer.
I would now like to hand the conference over to Jesse Lynn, who will read the opening statement.
Jesse Lynn
Thank you, operator. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements we make in this presentation, including statements regarding our future performance and plans for our businesses and potential acquisitions. Forward-looking statements may be identified by words such as expects, anticipates, intends, plans, believes, seeks, estimates, will or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries.
Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors that are discussed in our filings with the Securities and Exchange Commission, including economic, competitive, legal and other factors. Accordingly, there is no assurance that our expectations will be realized. We assume no obligation to update or revise any forward-looking statements should circumstances change, except as otherwise required by law.
This presentation also includes certain non-GAAP financial measures, including adjusted EBITDA. A reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the back of this presentation. We also present indicative net asset value. Indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries, which are not included in our GAAP earnings. All net income and EBITDA amounts we will discuss are attributable to Icahn Enterprises unless otherwise specified.
I’ll now turn it over to Andrew Teno, our Chief Executive Officer.
Andrew Teno
Thank you, Jesse. Let me first say, I am honored to take on my new role as CEO. Carl, IEP and our activism strategy have established an important place in corporate America, and I am excited to get to work.