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Iconix Brand Group Inc (ICON.OQ)

ICON.OQ on NASDAQ Stock Exchange Global Select Market

1.48USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Iconix Brand Group Sees Q3 Shr Loss From Cont Ops Of $0.10
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - EXPECTS (NOT REPORTS) Q3 LOSS PER SHARE FROM CONTINUING OPERATIONS $0.10.ICONIX REPORTS PRELIMINARY THIRD QUARTER 2017 RESULTS AND PROVIDES UPDATE ON INTANGIBLE ASSET IMPAIRMENT.SEES Q3 2017 NON-GAAP EARNINGS PER SHARE ABOUT $0.24 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.COMPANY EXPECTS LICENSING REVENUE FOR Q3 OF 2017 TO BE APPROXIMATELY $53.2 MILLION, A 12% DECLINE.EXPECTS NON-GAAP DILUTED EPS FROM CONTINUING OPERATIONS FOR Q3 TO BE ABOUT $0.24.ICONIX BRAND - EXPECTS TO RECOGNIZE NON-CASH INTANGIBLE ASSET IMPAIRMENT CHARGE IN Q3 OF ABOUT $500 MILLION TO $750 MILLION PRIMARILY RELATED TO WOMEN'S SEGMENT.BELIEVES THAT FULL YEAR 2017 RESULTS WILL BE WITHIN PREVIOUSLY ISSUED GUIDANCE.ALSO EXPECTS TO HAVE A NON-CASH TAX CHARGE OF ABOUT $15 MILLION RELATED TO WRITE OFF OF CERTAIN DEFERRED TAX ASSETS IN Q3.  Full Article

Iconix Brand Group Enters Second Amendment, Consent And Limited Waiver To Credit Agreement
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - ‍ON NOV 24, CO THROUGH UNIT ENTERED SECOND AMENDMENT, CONSENT AND LIMITED WAIVER TO CREDIT AGREEMENT, DATED AUG 2, 2017​.ICONIX BRAND GROUP - ‍LENDERS AGREED, PURSUANT TO TERMS OF AMENDMENT TO WAIVE UNTIL DEC 22, POTENTIAL DEFAULTS ARISING UNDER CREDIT AGREEMENT​.  Full Article

Nickelodeon says partners with Danskin to launch line of dance, athleisure wear
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Nickelodeon::Nickelodeon says partners with Danskin to launch line of dance and athleisure wear inspired by JoJo Siwa​.  Full Article

Iconix Brand Group's unit enters into amendment to credit agreement​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Iconix Brand Group Inc ::On Oct 27, co, through unit entered limited waiver and amendment no. 1 to credit agreement​ - SEC filing.Says ‍amendment provides for reduction in existing $300 million term loan​.Says ‍under terms of original credit agreement, company established an escrow account​.  Full Article

Iconix provides business update and amends term loan
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Iconix Brand Group Inc :Iconix provides business update and announces amendment to term loan.Informed by Walmart that Danskinnow license, which is a diffusion of Danskin brand, will not be renewed beyond January 2019​.As a result, royalty revenue for Danskin brand is estimated to decline approximately $15.5 million in 2018​.Due to some developments, co forecasted that it would unlikely be in compliance with some its financial debt covenants in 2018.Recently engaged in talks with lenders to provide relief under financial debt covenants, entered amendment of senior secured term loan.As a result of discussions with lenders, ‍co agreed to reduce size of credit facility by approximately $75 million to $225 million​.Continues to evaluate capital raising options to repay debt, strategic alternatives, including sale of certain assets or entire co.Danskin will continue to be distributed to leading retailers including Lord & Taylor, Costco and TJMaxx​.Working with Guggenheim Securities LLC as its financial advisor in connection with ongoing efforts to "strengthen its balance sheet".  Full Article

Joseph Huber reports 12.64 pct stake in Iconix Brand Group
Friday, 12 Aug 2016 

Iconix Brand Group Inc :Joseph R. Huber reports 12.64 pct stake in Iconix Brand Group as of August 12, 2016 - SEC Filing.  Full Article

Iconix Brand Group Q2 non-GAAP earnings per share $0.27
Thursday, 4 Aug 2016 

Iconix Brand Group Inc Sees FY GAAP Diluted Eps $0.93 : Q2 non-GAAP earnings per share $0.27 . Iconix Brand Group reports financial results for the second quarter 2016 . Q2 GAAP earnings per share $0.23 . $1.08 . $184 million . Increasing 2016 GAAP diluted eps guidance by $0.22 to reflect an $8.5 million gain related to repurchase of portion of 2018 convertible notes .Increasing its 2016 free cash flow guidance by $14 million primarily to reflect sale of company's stake in Ed Hardy brand in China..  Full Article

Iconix Brand Group lowers 2016 forecast
Monday, 13 Jun 2016 

Iconix Brand Group Inc : Iconix Brand Group Inc says company is revising down its 2016 gaap diluted EPS guidance by $0.04 to a range of $0.71 to $0.86 . Says Company Is Revising Down Its 2016 Non-Gaap diluted EPS guidance by $0.09 to a range of $1.06 to $1.21 . Fy2016 earnings per share view $1.27 -- Thomson Reuters I/B/E/S .Iconix brand group repurchases up to $105 million of its 2018 convertible notes.  Full Article

Iconix Brand Group, Inc announces $300 million term loan
Monday, 7 Mar 2016 

Iconix Brand Group, Inc:Has entered into a new five-year $300 million senior secured term loan credit facility provided by credit funds managed by affiliates of Fortress Investment Group LLC.New term loan will bear interest at libor+10% per annum, payable quarterly with a 1.50% floor on libor.  Full Article

Iconix Brand Group Inc sells luxury brand badgley Mischka
Wednesday, 2 Mar 2016 

Iconix Brand Group Inc:Sold rights to Badgley Mischka IP to Titan Industries Inc in partnership with brand's founders, Mark Badgley and James Mischka, apparel licensee MJCLK LLC for $16 million in cash.Expects to record a gain related to this sale in the first quarter of 2016.  Full Article

BRIEF-Iconix Brand Group Sees Q3 Shr Loss From Cont Ops Of $0.10

* ICONIX BRAND GROUP - EXPECTS (NOT REPORTS) Q3 LOSS PER SHARE FROM CONTINUING OPERATIONS $0.10