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Iconix Brand Group posts record Q4 sales

February 21, 2014 (United States Of America)

Iconix Brand Group, Inc. announced financial results for the fourth quarter and year ended December 31, 2013.
 
Highlights: 
-Record Q4 revenue of $105.3 million, a 24% increase over prior year quarter
-Record Q4 non-GAAP diluted EPS of $0.54, a 32% increase over prior year quarter
-Record Q4 free cash flow of $62.9 million, a 66% increase over prior year quarter
-Record 2013 revenue of $432.6 million, a 22% increase over prior year
-Record 2013 non-GAAP diluted EPS of $2.39, a 41% increase over prior year
-Record 2013 free cash flow of $229.9 million, a 27% increase over prior year
-2013 share repurchases of $436 million, or 24% of shares outstanding
 
Q4 2013 Results for Iconix Brand Group, Inc.: 
Total revenue for the fourth quarter of 2013 was approximately $105.3 million, a 24% increase as compared to approximately $85.1 million in the fourth quarter of 2012. EBITDA attributable to Iconix for the fourth quarter was approximately $60.1 million, a 20% increase as compared to $50.0 million in the prior year quarter. 
 
Free cash flow attributable to Iconix for the fourth quarter was approximately $62.9 million, a 66% increase as compared to the prior year quarter of approximately $37.9 million. On a non-GAAP basis, as defined in the tables below, net income attributable to Iconix was $30.2 million, a 5% increase as compared to the prior year quarter of approximately $28.9 million. 
 
Non-GAAP diluted EPS for the fourth quarter of 2013 increased 32% to $0.54 compared to $0.41 in the prior year quarter. GAAP net income attributable to Iconix for the fourth quarter of 2013 was approximately $26.1 million compared to $26.1 million in the prior year quarter and GAAP diluted EPS for the fourth quarter of 2013 increased 19% to $0.44 compared to $0.37 in the prior year quarter.
 
Full Year 2013 Results for Iconix Brand Group, Inc.:
Total revenue for the full year 2013 was approximately $432.6 million, a 22% increase as compared to approximately $353.8 million for the prior year. EBITDA attributable to Iconix for 2013 was approximately $262.9 million, a 21% increase as compared to approximately $217.0 million in the prior year. 
 
Free cash flow attributable to Iconix for 2013 was approximately $229.9 million, a 27% increase over the prior year of approximately $180.5 million. On a non-GAAP basis, as defined in the tables below, net income attributable to Iconix for 2013 was approximately $142.2 million, a 17% increase as compared to approximately $122.0 million in the prior year, and non-GAAP diluted earnings per share increased 41% to $2.39 versus $1.70 for the prior year. 
 
 

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