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Icahn Enterprises L.P.

$7 -$0.48 (-6.42%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$6.88
Day Range
$6.87$7.04
Year Range
$6.51$9.32
Market Cap
4.7B
AVG Volume
1.01M
Trailing/Forward PE
-9.48/12.73
PEG ratio
0.04
Dividend Yield
28.57%
Next Earnings Date
2026-11-04
Primary Exchange
NASDAQUS
Revenue (USD)
01B2B3B4B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q23.08B
26 Q12.17B
25 Q42.73B
25 Q32.73B
25 Q22.42B
25 Q12.01B
24 Q42.58B
24 Q32.71B
24 Q22.64B
24 Q12.24B
Net Income (USD)
-600M-400M-200M0200M400M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q2-355M
26 Q1-450M
25 Q41M
25 Q3287M
25 Q2-162M
25 Q1-414M
24 Q4-96M
24 Q322M
24 Q2-325M
24 Q1-37M
Operating Income (USD)
-1B-500M0500M1B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q2-386M
26 Q1-699M
25 Q4211M
25 Q3538M
25 Q2-56M
25 Q1-342M
24 Q412M
24 Q3128M
24 Q2124M
24 Q1-112M
EBITDA (USD)
-500M0500M1B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q2-383M
26 Q1-366M
25 Q4337M
25 Q3818M
25 Q215M
25 Q1-408M
24 Q4125M
24 Q3323M
24 Q2-227M
24 Q1246M
Cash Flows (USD)
-500M0500M1B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q236M
26 Q1283M
25 Q4-496M
25 Q3-67M
25 Q2179M
25 Q1-270M
24 Q4156M
24 Q3-112M
24 Q2827M
24 Q1-319M
EPS (USD)
-1-0.500.524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP EPS (USD) by quarter
PeriodEPS (USD)
26 Q2-0.52
26 Q1-0.71
25 Q40
25 Q30.49
25 Q2-0.3
25 Q1-0.79
24 Q4-0.19
24 Q30.05
24 Q2-0.72
24 Q1-0.09
Expenses (USD)
0100M200M300M400MR&DSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q2283M
26 Q1323M
25 Q4286M
25 Q3300M
25 Q2303M
25 Q1289M
24 Q4293M
24 Q3260M
24 Q2249M
24 Q1260M
Cash & Debt (USD)
02.5B5B7.5B10BCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q23.19B
26 Q14.93B
25 Q45.67B
25 Q34.03B
25 Q24.48B
25 Q14.88B
24 Q45.24B
24 Q34.73B
24 Q24.52B
24 Q15.78B
Debt ratios
-25025507524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Debt ratios by quarter
PeriodDebt ratios
26 Q211.45
26 Q11.82
25 Q41.24
25 Q38.33
25 Q267.93
25 Q1-17.75
24 Q47.44
24 Q312.08
24 Q24.87
24 Q11.63
Margins
-40%-20%0%20%40%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Margins by quarter
PeriodMargins
26 Q26.43%
26 Q1-22.55%
25 Q415.49%
25 Q327.74%
25 Q26.24%
25 Q1-7.01%
24 Q48.4%
24 Q312.2%
24 Q211.62%
24 Q13.57%
Return on Capital
-20%-10%0%10%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Return on Capital by quarter
PeriodReturn on Capital
26 Q2-16.54%
26 Q1-19.17%
25 Q40.03%
25 Q38.39%
25 Q2-4.73%
25 Q1-11.06%
24 Q4-2.08%
24 Q30.46%
24 Q2-6.03%
24 Q1-0.66%
Shares Outstanding
0200M400M600M800M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Shares Outstanding by quarter
PeriodShares Outstanding
26 Q2669M
26 Q1575M
25 Q4575M
25 Q3575M
25 Q2545M
25 Q1523M
24 Q4505M
24 Q3477M
24 Q2450M
24 Q1429M
Dividends (USD)
00.250.50.751May 24Aug 24Nov 24Mar 25May 25Aug 25Nov 25Mar 26May 26Aug 26
IEP Dividends (USD) by quarter
PeriodDividends (USD)
Aug 260.5
May 260.5
Mar 260.5
Nov 250.5
Aug 250.5
May 250.5
Mar 250.5
Nov 240.5
Aug 241
May 241
Employee Count
025K50K75K100K2015201620172018201920202021202220232024
IEP Employee Count by quarter
PeriodEmployee Count
202415K
202315K
202220K
202119.5K
202023.8K
201928K
201829K
201789K
20162.16K
201557.44K
Book Value Per Share (USD)
05101524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q23.21
26 Q14.08
25 Q45.96
25 Q35.95
25 Q26.28
25 Q17.15
24 Q49.15
24 Q310.12
24 Q211.97
24 Q113.11
Total Assets (USD)
010B20B30B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IEP Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q212.89B
26 Q112.93B
25 Q414.21B
25 Q314.83B
25 Q214.84B
25 Q115.48B
24 Q416.28B
24 Q317.44B
24 Q217.99B
24 Q120.06B
PE Ratio
0200400600800med 15.04Sep 18Jan 19Apr 19Aug 19Nov 19Nov 21Feb 22
IEP PE Ratio by quarter
PeriodPE Ratio
Feb 22639.09
Feb 22630.88
Feb 22617.58
Jan 22617.81
Jan 22598.85
Jan 22632.04
Jan 22625.79
Dec 21573.52
Dec 21575.37
Dec 21578.26
Dec 21579.42
Dec 21581.61
Nov 21584.39
Nov 21585.43
Nov 21660.03
Nov 21660.49
Feb 2023.89
Feb 2023.48
Feb 2023.05
Jan 2022.17
Jan 2022.64
Jan 2023.14
Jan 2022.54
Jan 2022.24
Dec 1921.83
Dec 1921.32
Dec 1921.37
Dec 1921.61
Nov 1922.09
Nov 1922.13
Nov 1922.66
Nov 1923.62
Nov 1918.14
Oct 1918.44
Oct 1918.02
Oct 1917.78
Oct 1917.22
Sep 1916.95
Sep 1917.7
Sep 1917.98
Sep 1917.92
Aug 1917.87
Aug 1917.6
Aug 1918.15
Aug 1919.9
Aug 199.48
Jul 199.65
Jul 199.42
Jul 199.34
Jul 199.4
Jun 199.08
Jun 198.77
Jun 198.75
Jun 198.91
May 198.67
May 198.8
May 199.02
May 199.19
May 199.41
Apr 196.87
Apr 196.82
Apr 196.76
Apr 196.71
Mar 196.65
Mar 196.68
Mar 196.65
Mar 196.43
Mar 197.02
Feb 1915.38
Feb 1915.3
Feb 1915.13
Feb 1914.88
Jan 1914.78
Jan 1915.13
Jan 1914.51
Jan 1913.66
Dec 1812.68
Dec 1811.65
Dec 1813.57
Dec 1814.44
Nov 1814.69
Nov 1814.44
Nov 1814.95
Nov 1815.32
Nov 1810.04
Oct 189.55
Oct 189.37
Oct 189.26
Oct 189.3
Sep 189.66
Sep 189.4
Sep 189.36
Sep 188.66
Aug 1810.49
Aug 1810.52
Aug 1810.84
Aug 1810.43
Aug 1810.72
Jul 185.2
Jul 185.3
Free Cash Flow Yield
-20%0%20%40%med -0.04%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IEP Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 26-5.21%
Sep 26-5.35%
Aug 26-5.38%
Aug 26-5.37%
Aug 26-4.92%
Aug 26-4.89%
Jul 26-2.25%
Jul 26-2.28%
Jul 26-2.35%
Jul 26-2.35%
Jul 26-2.43%
Jun 26-2.44%
Jun 26-2.41%
Jun 26-2.38%
Jun 26-2.37%
May 26-2.36%
May 26-2.33%
May 26-2.14%
May 26-2.19%
May 26-13.62%
Apr 26-13.97%
Apr 26-14.69%
Apr 26-14.91%
Apr 26-14.73%
Mar 26-15.27%
Mar 26-15.06%
Mar 26-14.87%
Mar 26-14.02%
Feb 26-14.11%
Feb 26-0.04%
Feb 26-0.04%
Feb 26-0.04%
Jan 26-0.04%
Jan 26-0.04%
Jan 26-0.04%
Jan 26-0.04%
Jan 26-0.05%
Dec 25-0.05%
Dec 25-0.05%
Dec 25-0.04%
Dec 25-0.04%
Nov 25-0.04%
Nov 25-0.04%
Nov 25-0.04%
Nov 25-0.04%
Oct 25-1.07%
Oct 25-1.05%
Oct 25-1.05%
Oct 25-1.06%
Oct 25-1.03%
Sep 25-1.04%
Sep 25-1.05%
Sep 25-1.06%
Sep 25-1.02%
Aug 25-1.02%
Aug 25-1.02%
Aug 25-0.92%
Aug 25-0.93%
Aug 2512.8%
Jul 2512.28%
Jul 2512.67%
Jul 2512.28%
Jul 2513.42%
Jun 2514.03%
Jun 2513.81%
Jun 2513.96%
Jun 2513.62%
May 2513.85%
May 2513.41%
May 2511.79%
May 2513.13%
May 2512.24%
Apr 2512.84%
Apr 2512.8%
Apr 2513.31%
Apr 2513.25%
Mar 2511.87%
Mar 2511.28%
Mar 2511.51%
Mar 2510.93%
Feb 2510.83%
Feb 258.22%
Feb 258.64%
Feb 258.84%
Jan 258.8%
Jan 258.75%
Jan 259.14%
Jan 259.31%
Jan 259.4%
Dec 249.59%
Dec 249%
Dec 248.49%
Dec 248.12%
Nov 247.74%
Nov 247.56%
Nov 246.87%
Nov 247.09%
Nov 2436.88%
Oct 2430.12%
Oct 2430.95%
Price to Sales
0.40.50.60.7med 0.46Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IEP Price to Sales by quarter
PeriodPrice to Sales
Sep 260.44
Sep 260.43
Aug 260.42
Aug 260.42
Aug 260.46
Aug 260.47
Jul 260.45
Jul 260.44
Jul 260.43
Jul 260.43
Jul 260.41
Jun 260.41
Jun 260.42
Jun 260.42
Jun 260.42
May 260.43
May 260.43
May 260.47
May 260.46
May 260.49
Apr 260.47
Apr 260.45
Apr 260.44
Apr 260.45
Mar 260.43
Mar 260.44
Mar 260.45
Mar 260.47
Feb 260.47
Feb 260.46
Feb 260.48
Feb 260.47
Jan 260.46
Jan 260.47
Jan 260.46
Jan 260.47
Jan 260.44
Dec 250.45
Dec 250.45
Dec 250.46
Dec 250.47
Nov 250.48
Nov 250.46
Nov 250.52
Nov 250.52
Oct 250.45
Oct 250.46
Oct 250.46
Oct 250.45
Oct 250.47
Sep 250.46
Sep 250.46
Sep 250.46
Sep 250.47
Aug 250.47
Aug 250.47
Aug 250.53
Aug 250.52
Aug 250.47
Jul 250.49
Jul 250.48
Jul 250.49
Jul 250.45
Jun 250.43
Jun 250.44
Jun 250.43
Jun 250.44
May 250.44
May 250.45
May 250.51
May 250.46
May 250.44
Apr 250.42
Apr 250.42
Apr 250.41
Apr 250.41
Mar 250.46
Mar 250.48
Mar 250.47
Mar 250.5
Feb 250.5
Feb 250.47
Feb 250.45
Feb 250.44
Jan 250.44
Jan 250.44
Jan 250.42
Jan 250.42
Jan 250.41
Dec 240.4
Dec 240.43
Dec 240.46
Dec 240.48
Nov 240.5
Nov 240.51
Nov 240.56
Nov 240.55
Nov 240.51
Oct 240.63
Oct 240.61
EV/EBITDA
050100150200med 17.65Sep 24Jan 25Apr 25Oct 25Feb 26May 26Sep 26
IEP EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 2622.98
Sep 2622.68
Aug 2622.62
Aug 2622.63
Aug 2623.67
Aug 2623.74
Jul 267.39
Jul 267.32
Jul 267.17
Jul 267.17
Jul 266.99
Jun 266.97
Jun 267.03
Jun 267.1
Jun 267.12
May 267.14
May 267.22
May 267.67
May 267.55
May 267.54
Apr 267.38
Apr 267.08
Apr 267
Apr 267.07
Mar 266.86
Mar 266.94
Mar 267.01
Mar 267.36
Feb 267.32
Feb 2616.51
Feb 2616.76
Feb 2616.72
Jan 2616.47
Jan 2616.69
Jan 2616.5
Jan 2616.57
Jan 2616.15
Dec 2516.28
Dec 2516.36
Dec 2516.42
Dec 2516.59
Nov 2516.82
Nov 2516.45
Nov 2517.48
Nov 2517.59
Oct 25147.79
Oct 25149.18
Oct 25149.38
Oct 25148.29
Oct 25150.77
Sep 25149.97
Sep 25149.08
Sep 25148.69
Sep 25151.46
Aug 25151.86
Aug 25151.76
Aug 25161.07
Aug 25159.78
May 2517.09
Apr 2516.64
Apr 2516.67
Apr 2516.31
Apr 2516.36
Mar 2517.4
Mar 2517.92
Mar 2517.71
Mar 2518.25
Feb 2518.35
Feb 2524.3
Feb 2523.7
Feb 2523.45
Jan 2523.49
Jan 2523.56
Jan 2523.07
Jan 2522.87
Jan 2522.77
Dec 2422.56
Dec 2423.25
Dec 2423.92
Dec 2424.45
Nov 2425.06
Nov 2425.37
Nov 2426.71
Nov 2426.26
Nov 2417.95
Oct 2420.88
Oct 2420.45
Oct 2419.77
Oct 2419.16
Sep 2418.56
Sep 2418.39
Sep 2416.15
Sep 2415.89
Aug 2418.73
Aug 2421.47
Aug 2422.6
Aug 2421.68
Aug 2416.13
Jul 2416.27
Jul 2416.21
Price/Operating Cashflow
0204060med 7.95Oct 24Jan 25May 25Aug 25Dec 25May 26Sep 26
IEP Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 2643.77
Sep 2642.64
Aug 2642.39
Aug 2642.45
Aug 2646.39
Aug 2646.64
Jul 2616.84
Jul 2616.62
Jul 2616.19
Jul 2616.19
Jul 2615.65
Jun 2615.56
Jun 2615.76
Jun 2615.97
Jun 2616.02
May 2616.08
May 2616.32
May 2617.7
May 2617.34
Feb 2612.77
Feb 2613.17
Feb 2613.1
Jan 2612.71
Jan 2613.05
Jan 2612.76
Jan 2612.87
Jan 2612.22
Dec 2512.41
Dec 2512.55
Dec 2512.63
Dec 2512.9
Nov 2513.26
Nov 2512.68
Nov 2514.29
Nov 2514.46
Oct 2515.52
Oct 2515.79
Oct 2515.83
Oct 2515.62
Oct 2516.1
Sep 2515.95
Sep 2515.77
Sep 2515.7
Sep 2516.23
Aug 2516.31
Aug 2516.29
Aug 2518.1
Aug 2517.85
Aug 255.21
Jul 255.43
Jul 255.26
Jul 255.43
Jul 254.97
Jun 254.75
Jun 254.83
Jun 254.78
Jun 254.9
May 254.82
May 254.97
May 255.66
May 255.08
May 255.42
Apr 255.17
Apr 255.18
Apr 254.98
Apr 255.01
Mar 255.59
Mar 255.88
Mar 255.77
Mar 256.07
Feb 256.12
Feb 257.08
Feb 256.73
Feb 256.58
Jan 256.61
Jan 256.65
Jan 256.36
Jan 256.25
Jan 256.19
Dec 246.07
Dec 246.47
Dec 246.85
Dec 247.17
Nov 247.52
Nov 247.69
Nov 248.47
Nov 248.21
Nov 242.36
Oct 242.89
Oct 242.82
Oct 242.69
Oct 242.58
Sep 242.47
Sep 242.44
Sep 242.04
Sep 241.99
Aug 242.5
Aug 243
Aug 243.21
Aug 243.04
Price to Book
0.511.522.5med 1.3Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IEP Price to Book by quarter
PeriodPrice to Book
Sep 262.18
Sep 262.13
Aug 262.11
Aug 262.12
Aug 262.31
Aug 262.33
Jul 261.91
Jul 261.88
Jul 261.84
Jul 261.84
Jul 261.77
Jun 261.76
Jun 261.79
Jun 261.81
Jun 261.82
May 261.82
May 261.85
May 262.01
May 261.96
May 261.4
Apr 261.37
Apr 261.3
Apr 261.28
Apr 261.3
Mar 261.25
Mar 261.27
Mar 261.28
Mar 261.36
Feb 261.35
Feb 261.32
Feb 261.36
Feb 261.35
Jan 261.31
Jan 261.34
Jan 261.31
Jan 261.33
Jan 261.26
Dec 251.28
Dec 251.29
Dec 251.3
Dec 251.33
Nov 251.37
Nov 251.31
Nov 251.47
Nov 251.49
Oct 251.28
Oct 251.31
Oct 251.31
Oct 251.29
Oct 251.33
Sep 251.32
Sep 251.3
Sep 251.3
Sep 251.34
Aug 251.35
Aug 251.35
Aug 251.5
Aug 251.48
Aug 251.26
Jul 251.31
Jul 251.27
Jul 251.31
Jul 251.2
Jun 251.14
Jun 251.16
Jun 251.15
Jun 251.18
May 251.16
May 251.2
May 251.36
May 251.22
May 250.98
Apr 250.93
Apr 250.93
Apr 250.9
Apr 250.9
Mar 251.01
Mar 251.06
Mar 251.04
Mar 251.09
Feb 251.1
Feb 251.03
Feb 250.98
Feb 250.96
Jan 250.96
Jan 250.97
Jan 250.93
Jan 250.91
Jan 250.9
Dec 240.88
Dec 240.94
Dec 241
Dec 241.04
Nov 241.09
Nov 241.12
Nov 241.23
Nov 241.2
Nov 241.05
Oct 241.28
Oct 241.25
Icahn Enterprises L.P.
IEP
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News: IEP

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6 Ultra-High-Yield Names Where Coverage Is Cracking

A 29% yield sounds like a retirement dream until you look at what the coverage math actually says. Six popular high-yield names are flashing warning signs that patient investors can no longer afford to ignore.

Arbor Realty, Icahn Enterprises and Herzfeld: 3 Unconventional High Yield Bets

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Arbor Realty, Icahn Enterprises and Herzfeld: 3 Unconventional High Yield Bets

Income investors chasing double-digit yields keep bumping into the same wall: Eye-popping payouts sit inside unusual structures with idiosyncratic risks.

Mavis Completes Acquisition of Pep Boys from Icahn Enterprises

businesswire.com · 20 Aug 2026

Mavis Completes Acquisition of Pep Boys from Icahn Enterprises

WHITE PLAINS, N.Y. & SUNNY ISLES BEACH, Fla.--(BUSINESS WIRE)--Mavis Tire Express Services Corp. (“Mavis” or the “Company”), one of the largest independent tire and service providers in North America, and Icahn Enterprises L.P. (NASDAQ: IEP) (“IEP”) today announced the completion of Mavis's previously announced acquisition of The Pep Boys-Manny, Moe & Jack Holding Corp. (“Pep Boys”) from Icahn Automotive Group LLC, a subsidiary of IEP, for approximately $700 million in cash. Pep Boys will r.

Icahn Enterprises Q2 Earnings Call Highlights

marketbeat.com · 5 Aug 2026

Icahn Enterprises Q2 Earnings Call Highlights

Icahn Enterprises NASDAQ: IEP reported a second-quarter 2026 net loss attributable to the company of $355 million, or $0.52 per depositary unit, compared with a $165 million loss, or $0.30 per unit, a year earlier. Adjusted EBITDA attributable to IEP was a loss of $134 million, compared with adjusted EBITDA of $40 million in the prior-year quarter.

Icahn Enterprises L.P. (IEP) Q2 2026 Earnings Call Prepared Remarks Transcript

seekingalpha.com · 5 Aug 2026

Icahn Enterprises L.P. (IEP) Q2 2026 Earnings Call Prepared Remarks Transcript

Icahn Enterprises L.P. (IEP) Q2 2026 Earnings Call Prepared Remarks Transcript

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Second Quarter 2026 Financial Results

prnewswire.com · 5 Aug 2026

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Second Quarter 2026 Financial Results

SUNNY ISLES BEACH, Fla., Aug. 5, 2026 /PRNewswire/ -- Q2 2026 Adjusted EBITDA loss attributable to IEP was $134 million, compared to Adjusted EBITDA attributable to IEP of $40 million in Q2 2025 Q2 2026 net loss attributable to IEP was $355 million, compared to a net loss of $165 million in Q2 2025 Indicative Net Asset Value was approximately $2.6 billion as of June 30, 2026, a decrease of $765 million compared to March 31, 2026.

Icahn Enterprises L.P. Announces Q2 2026 Earnings Conference Call

prnewswire.com · 23 Jul 2026

Icahn Enterprises L.P. Announces Q2 2026 Earnings Conference Call

SUNNY ISLES BEACH, Fla., July 23, 2026 /PRNewswire/ -- Icahn Enterprises L.P.

Mavis to Acquire Pep Boys from Icahn Enterprises for $700 Million in Cash

businesswire.com · 21 Jul 2026

Mavis to Acquire Pep Boys from Icahn Enterprises for $700 Million in Cash

WHITE PLAINS, N.Y. & SUNNY ISLES BEACH, Fla.--(BUSINESS WIRE)--Mavis Tire Express Services Corp. (“Mavis” or the “Company”), one of the largest independent tire and service providers in North America, and Icahn Enterprises L.P. (NASDAQ: IEP) (“IEP”) today announced that they have entered into a definitive agreement pursuant to which a subsidiary of Mavis will acquire The Pep Boys-Manny, Moe & Jack Holding Corp. (“Pep Boys”) from Icahn Automotive Group LLC, a subsidiary of IEP, for approxima.

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