$ICON (Iconix Brand Group, Inc.)

$ICON {{ '2016-03-28T21:01:47+0000' | timeago}} • Announcement

$ICON lowered its 2016 free cash flow guidance to range of $155-170MM from prior estimate of $170-185MM. $ICON still sees 2016 licensing revenue of $370-390MM. CEO Peter Cuneo said the company could strengthen its revenue and continue to generate strong free cash flow in the future, driving long term value for it and its shareholders.

$ICON {{ '2017-07-20T14:33:02+0000' | timeago}} • Announcement

$ICON has bought the remaining 50% interest in Iconix Canada from its joint venture partner for $19MM. As per the agreement, Iconix paid $12 MM upon closing, with the remaining $7MM to be paid over the next two years. Separately, Iconix will retain its 51% interest in the Buffalo brand.

$ICON {{ '2017-07-03T14:15:19+0000' | timeago}} • Announcement

$ICON said it substantially reduced its debt relating to the completion of sale of its entertainment segment for $345MM in cash. The net proceeds from this transaction plus additional cash on its balance sheet were used to pay down approx $362MM principal amount of debt. Currently, the company's total debt is about $828MM in principal amount.

$ICON {{ '2017-05-10T13:51:33+0000' | timeago}} • Announcement

$ICON agreed to sell its interest in the Peanuts and Strawberry Shortcake brands to DHX Media Ltd. for $345MM in cash. The company plans to use the net proceeds from this transaction plus additional cash on the balance sheet to pay down about $362MM of debt. The transaction is expected to close by end of 2Q17.

$ICON {{ '2017-05-10T12:50:15+0000' | timeago}} • Announcement

$ICON lowered its 2017 EPS guidance to $0.29-0.44 from $0.43-0.58 to reflect an additional expected loss related to the early extinguisment of debt with existing cash on the balance sheet. The company maintained its 2017 non-GAAP EPS outlook of $0.70-0.85.

$ICON {{ '2017-05-10T12:48:04+0000' | timeago}} • Announcement

$ICON expects 2017 revenue of about $235-245MM. This compared to revenue of about $245MM in 2016, when excluding $113MM of revenue from the entertainment segment, and $9.9MM of revenue from other divested brands including Sharper Image.

$ICON {{ '2017-05-10T12:46:21+0000' | timeago}} • Announcement

$ICON signed a definitive agreement to sell its entertainment segment, which includes the Peanuts and Strawberry Shortcake brands. As a result, the company has reported the results of the entertainment segment as a discontinued operation.

$ICON {{ '2017-05-10T12:44:05+0000' | timeago}} • Announcement

$ICON slipped to a loss in 1Q17 from a profit last year, due to lower revenue and loss from discontinued operations. Net loss was $4.28MM or $0.09 per share compared to a profit of $18.62MM or $0.37 per share last year. Licensing revenue fell 13% to $58.72MM. Non-GAAP EPS decreased to $0.34 from $0.62.

$ICON {{ '2016-12-30T13:54:59+0000' | timeago}} • Announcement

$ICON plans to use the net proceeds from this transaction plus additional cash to pay down approx. $115MM of debt. For 2017, the company expects the net impact of the sale of the Sharper Image brand and the repayment of debt to be neutral to earnings.

$ICON {{ '2016-12-30T13:53:24+0000' | timeago}} • Announcement

$ICON said that it has signed an agreement to sell the rights to the Sharper Image brand and related intellectual property assets to ThreeSixty Group, the brand's largest licensee, for $100MM in cash. The transaction is expected to close on Dec. 30, 2016.

$ICON {{ '2016-12-07T18:37:33+0000' | timeago}} • Announcement

$ICON appointed Jamie Cygielman as EVP and Chief Marketing Officer on Jan. 3, 2017.  Cygielman brings to Iconix over 25 years of marketing and business development experience in the fashion apparel, toy, entertainment and cosmetics industries.

$ICON {{ '2016-11-08T19:38:08+0000' | timeago}} • Webcast

$ICON is clear on some new contracts that have been put in place. The company expects improvement in the Men’s segment and has several initiatives in place for the Women’s segment. The international market has been affected by economic issues but is expected to recover in 2017. These factors give $ICON confidence for a positive 2016-end.

$ICON {{ '2016-11-08T19:27:41+0000' | timeago}} • Webcast

$ICON said in many of its partnerships, it has a tiered royalty program that starts higher for the first $100MM in sales and eventually tiers down. This is consistent with the Danskin, Wal-Mart, Starter, Ocean Pacific businesses and many other large and mid-tier partnerships.

$ICON {{ '2016-11-08T19:10:30+0000' | timeago}} • Webcast

$ICON's international business is softer than expected, reflecting economic uncertainty across most of Europe and the Middle East. The company expects international royalties, excluding Entertainment, to be approx. flat for 2016. $ICON’s strategy in China is proving to be successful and the company expects China to be a key growth area.

$ICON {{ '2016-11-08T19:01:26+0000' | timeago}} • Webcast

In 3Q16, revenue in $ICON’s Entertainment segment was up $5.4MM driven by continued strength in the Peanuts brand. In the Women’s business, revenue was down approx. $4MM, of which $1.2MM was related to the sale of Badgley Mischka. Revenue in the Men’s segment was down $3MM in 3Q16.

$ICON {{ '2016-11-08T14:01:24+0000' | timeago}} • Announcement

$ICON continues to expect to achieve 2016 non-GAAP EPS of $1.06-1.21, but is trending toward the low-end of the range. The company sees GAAP EPS to be about $0.04 below prior estimate of $0.93-1.08 to reflect higher than expected professional fees associated with prior disclosed SEC investigation. $ICON still sees free cash flow of $169-184MM.

$ICON {{ '2016-11-08T13:56:29+0000' | timeago}} • Announcement

$ICON expects 2016 revenue to be $3-5MM below its previously expected estimate, which was at the low end of its $370-390MM outlook. This reflects delayed timing for some new men's programs, macro conditions in Europe and some retail resets.

$ICON {{ '2016-11-08T13:53:12+0000' | timeago}} • Announcement

Clothing brand licensing company $ICON swung to a 3Q16 profit from a loss last year, driven by lower costs and expenses as well as higher operating income. Net income was $15.22MM or $0.27 per share compared to a loss of $5.39MM or $0.11 per share last year. Licensing revenue declined to $90.94MM from $91.33MM.

$ICON {{ '2016-09-27T13:20:01+0000' | timeago}} • Announcement

$ICON added two new independent members to its Board of Directors, Sanjay Khosla and Kristen O'Hara, effective immediately.  The company also announced it will nominate Kenneth Slutsky for election at its 2016 annual meeting of stockholders.

$ICON {{ '2016-06-13T12:16:18+0000' | timeago}} • Announcement

$ICON said it lowered its 2016 GAAP EPS guidance by $0.04 to range of $0.71-0.86 and non-GAAP EPS outlook by $0.09 to range of $1.06-1.21. $ICON said this guidance revision is to reflect the additional shares issued in this transaction, the financing fees and the interest savings.

$ICON {{ '2016-06-13T12:13:43+0000' | timeago}} • Announcement

$ICON said it has entered into separate, privately negotiated exchange agreements with certain holders of about $105MM of its outstanding 1.50% Convertible Senior Subordinated Notes due March 2018. Prior to these transactions, the principal amount of the Notes outstanding was $400MM.

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