Edition:
United States

Iconix Brand Group Inc (ICON.OQ)

ICON.OQ on NASDAQ Stock Exchange Global Select Market

5.12USD
20 Oct 2017
Change (% chg)

$0.09 (+1.79%)
Prev Close
$5.03
Open
$5.09
Day's High
$5.18
Day's Low
$5.09
Volume
104,402
Avg. Vol
160,638
52-wk High
$10.76
52-wk Low
$4.80

Latest Key Developments (Source: Significant Developments)

Iconix Brand Group files for non-timely 10-Q - SEC filing‍​
Wednesday, 9 Aug 2017 04:47pm EDT 

Aug 9 (Reuters) - Iconix Brand Group Inc :Iconix Brand Group files for non-timely 10-Q - SEC filing‍​.Iconix Brand - co requires additional time to reflect in financial statements deconsolidation of Southeast Asia joint venture.  Full Article

Iconix Brand says Q2 preliminary non-gaap EPS $0.26 from continuing operations
Wednesday, 9 Aug 2017 08:48am EDT 

Aug 9 (Reuters) - Iconix Brand Group Inc ::Q2 preliminary non-gaap earnings per share $0.26 from continuing operations .Iconix Brand Group reports preliminary second quarter 2017 financial results.Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue about $225 million to $235 million.Sees FY 2017 non-gaap earnings per share $0.65 to $0.70.Q2 preliminary adjusted non-gaap earnings per share $0.39.Q2 preliminary gaap loss per share $0.30 from continuing operations.Revising down 2017 guidance​.Expects 2017 gaap eps to be a loss of $0.06 to loss of $0.01​.Expects full year 2017 free cash flow to be in a range of $65 million to $82 million​.‍"Organic growth is taking longer than originally anticipated"​.Iin course of finalizing results for q2 of 2017, co determined that its southeast asia joint venture should be deconsolidated​.‍Q2 preliminary​ licensing revenue $61.6 million, a 10% decline.  Full Article

Iconix Brand enters new 5-yr $300 mln senior secured term loan facility ​
Wednesday, 2 Aug 2017 09:58am EDT 

Aug 2 (Reuters) - Iconix Brand Group Inc ::Has entered into a new five-year $300 million senior secured term loan facility with Deutsche Bank AG​.New $300 million term loan will bear interest at libor + 7.0 pct per annum​.Proceeds from loan facility will be used to repay company's convertible senior subordinated notes due march 2018.  Full Article

Iconix Brand Group acquires ownership of Iconix Canada
Thursday, 20 Jul 2017 08:00am EDT 

July 20 (Reuters) - Iconix Brand Group Inc ::Iconix Brand Group acquires 100% ownership of Iconix Canada.Iconix Brand Group Inc - that it has bought back remaining 50% interest in Iconix Canada from its joint venture partner for $19 million.Iconix Brand Group Inc - ‍separately, Iconix will retain its 51% interest in Buffalo brand.​.Iconix Brand Group Inc - ‍under terms of agreement, Iconix paid $12 million upon closing​.Iconix Brand Group Inc - ‍under terms of agreement, Iconix paid $12 million upon closing, with remaining $7 million to be paid over next two years​.  Full Article

Iconix reduces debt by $362 mln and completes the sale of the entertainment segment
Monday, 3 Jul 2017 08:00am EDT 

July 3 (Reuters) - Iconix Brand Group Inc :Iconix reduces debt by $362 million and completes the sale of the entertainment segment.Iconix Brand Group - Reduction of debt in conjunction with completion of previously reported sale of its entertainment segment for $345 million in cash.Iconix Brand Group - Sale of entertainment segment included company's 80% interest in peanuts brand and 100% interest in strawberry shortcake brand.Iconix Brand Group Inc - Proceeds from the transaction,cash were used to pay down approximately $362 million principal amount of debt.  Full Article

Iconix Q1 non-gaap earnings per share $0.21 from continuing operations
Wednesday, 10 May 2017 07:40am EDT 

May 10 (Reuters) - Iconix Brand Group Inc :Iconix brand group reports first quarter 2017 financial results.Q1 non-gaap earnings per share $0.21 from continuing operations.Q1 gaap earnings per share $0.06 from continuing operations.Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Sees fy 2017 revenue about $235 million to $245 million.Sees fy 2017 non-gaap earnings per share $0.70 to $0.85.Sees fy 2017 gaap earnings per share $0.29 to $0.44.Q1 non-gaap earnings per share $0.34.Iconix brand group inc - maintains fy non-gaap eps and free cash flow guidance.Iconix brand group inc - reports q1 2017 comparable revenue down 11%.Fy2017 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Iconix brand - in 2017, expects to realize $28 million or $0.51 of earnings per diluted share of tax savings related to amortization of some assets.Iconix brand group inc - for q1 of 2017, licensing revenue was $58.7 million, a 13% decline as compared to $67.7 million in prior year quarter.  Full Article

Iconix Brand Group announces sale of peanuts and strawberry shortcake brands
Wednesday, 10 May 2017 07:00am EDT 

May 10 (Reuters) - Iconix Brand Group Inc : :Iconix brand group announces sale of peanuts and strawberry shortcake brands.Iconix Brand Group Inc- deal for for $345 million in cash,.Iconix Brand Group - intends to use net proceeds from transaction plus additional cash on balance sheet to pay down approximately $362 million of debt.Expects elimination of earnings from entertainment segment to be offset by interest savings from reduction of debt.To use net proceeds from transaction plus additional cash on balance sheet to pay down approximately $362 million of debt.Iconix Brand-definitive agreement to sell its interest in peanuts and strawberry shortcake brands to dhx media; deal expected to close by end of Q2.  Full Article

DHX Media to buy entertainment division of Iconix Brand
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - Dhx Media Ltd ::Signed a definitive agreement to acquire the entertainment division of Iconix Brand Group Inc.The total purchase price for acquisition is us$345 million.Transaction would be 6-10% accretive to earnings per share and 25 pct -30 pct accretive to free cash flow per share, on a pro forma basis.Purchase price for deal to be paid through cash on hand, new debt financing facility, private placement offering of subscription receipts.As part of refinancing related to the deal, DHX Media will redeem its 5.875 pct senior unsecured notes due Dec. 2, 2021.  Full Article

Iconix Brand Group reports Q4 & FY 2016 results
Wednesday, 22 Feb 2017 04:40pm EST 

Iconix Brand Group Inc : Iconix Brand Group reports financial results for the fourth quarter & full year 2016 . Sees FY 2017 non-GAAP earnings per share $0.70 to $0.85 . Sees FY 2017 GAAP earnings per share $0.43 to $0.58 . Q4 non-GAAP earnings per share $0.38 . Sees FY 2017 revenue about $350 million to $365 million . Q4 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Iconix Brand -for Q4 of 2016, licensing revenue was approximately $87.1 million, an 8 percent decline as compared to $94.7 million in prior year quarter . Iconix Brand Group Inc says in Q4 of 2016 there was a slight positive impact from foreign currency exchange rates primarily related to yen . GAAP diluted EPS for Q4 of 2016 reflects a loss of approximately $5.30 . Expects to generate free cash flow in 2017 of approximately $105 million to $125 million .Iconix brand group - in Q4 2016, to recognize non-cash impairment charge which is currently estimated by management to be approximately $443 million.  Full Article

Iconix Brand Group reports agreement to divest Sharper Image brand
Friday, 30 Dec 2016 08:00am EST 

Iconix Brand Group Inc : Iconix Brand Group Inc - deal for $100 million in cash . Iconix Brand Group Inc - plans to use net proceeds from this transaction plus additional cash to pay down approximately $115 million of debt . Iconix Brand Group Inc says for 2017, company expects net impact of sale of sharper image brand and repayment of debt to be neutral to earnings . Iconix Brand Group Inc- transaction is not reflected in company's current guidance . Iconix Brand Group announces agreement to divest sharper image brand . Iconix Brand Group Inc - for 2017, company expects net impact of sale of sharper image brand and repayment of debt to be neutral to earnings . Iconix Brand Group Inc - "for 2017, company expects net impact of sale of sharper image brand and repayment of debt to be neutral to earnings" . Iconix Brand Group Inc- company expects to record a gain on the transaction .Iconix Brand Group announces agreement to divest sharper image brand.  Full Article