Steel Partners Hldgs L P Stock Price, News & Analysis

Steel Partners (OTCQX: SPLP) announced a new Rotational Leadership Program on November 13, 2025, launching a two-year professional development track across its family of companies.

The program features four structured six-month rotations across Supply Chain, Operations, Finance, HR, IT, Sales & Marketing and an Executive Track, hands-on projects, and mentorship from senior leaders. The inaugural cohort includes graduates and undergraduates with international experience and will begin rotations in the fall. The initiative aims to strengthen succession planning, talent pipelines, and long-term value creation while reinforcing the company’s core values and “Kids First” purpose.

More information and career details are available at the company careers page.

Steel Partners Holdings L.P. (OTCQX: SPLP) announced on October 22, 2025 that it will redeem all remaining outstanding units of its 6.00% Series A Preferred Units. The Preferred Units will be redeemed in cash at a redemption price of $25.00 per unit plus any accrued and unpaid distributions up to, but excluding, the redemption date specified in the Notice of Redemption delivered to holders. The redemption is being executed under the terms of the company’s Eleventh Amended and Restated Agreement of Limited Partnership. Equiniti Trust Company, LLC will act as the redemption agent. The Notice may be revoked by the company prior to the redemption date.

Steel Partners Holdings (OTCQX: SPLP) has declared a regular quarterly cash distribution of $0.375 per unit on its 6% Series A Preferred Units. The distribution will be payable on September 15, 2025, to unitholders of record as of September 1, 2025.

The company noted that future distributions on the Series A Preferred Units will remain at the board's discretion, considering factors such as operational results, cash flows, financial position, and capital requirements.

Steel Partners Holdings LP (OTCQX: SPLP) held its 2025 Annual Meeting of Limited Partners on May 23, 2025. Unitholders approved several key proposals, including the election of five independent directors to serve until the 2026 Annual Meeting: James Benenson III, Eric P. Karros, John P. McNiff, Lon Rosen, and Rory H. Tahari.

Shareholders also approved executive compensation on a non-binding basis, established annual advisory votes on executive compensation, and ratified Deloitte & Touche LLP as the independent auditor for FY2025. Additionally, unitholders approved a three-year extension to protect tax benefits from net operating loss carryforwards. The company has transitioned to filing reports under OTC Markets Group's Alternative Reporting Standard since Q1 2025.

Steel Partners Holdings (OTCQX: SPLP) has declared a quarterly cash distribution of $0.375 per unit on its 6% Series A Preferred Units. The distribution will be paid on June 15, 2025, to unitholders of record as of June 1, 2025. The company noted that future distributions will remain at the board's discretion, considering factors such as operational results, cash flows, financial position, and capital requirements.

Steel Partners Holdings L.P. (NYSE: SPLP) has announced its voluntary delisting from the New York Stock Exchange (NYSE) and deregistration from the SEC. The company plans to transition its Common Units and 6.0% Series A Preferred Units to the OTCQX platform, with trading expected to begin around May 2, 2025.

Key dates include: Form 25 filing with SEC around April 21, 2025; last NYSE trading day approximately May 1, 2025; Form 15 filing around May 1, 2025 to suspend SEC reporting obligations; and deregistration effectiveness expected July 30, 2025. The decision was made by SPLP's Board of Directors after evaluating the financial and administrative costs of maintaining NYSE listing and SEC registration.

Steel Partners Holdings (NYSE: SPLP) has reported strong financial results for Q4 and full year 2024. Q4 revenue increased 6.6% to $497.9 million, with net income surging 74.7% to $74.6 million ($3.40 per diluted unit). Q4 Adjusted EBITDA reached $84.7 million with a 17.0% margin.

Full year 2024 showed impressive growth with revenue reaching $2.0 billion (up 6.4%), and net income climbing 76.1% to $271.2 million ($11.38 per diluted unit). The company achieved Adjusted EBITDA of $303.0 million with a 14.9% margin. Net cash from operations was $363.3 million.

The growth was primarily driven by strong performance in diversified industrial and financial services segments. Total debt decreased to $119.7 million, with net cash position of $62.2 million. The company maintains strong liquidity with $470.0 million available under its credit agreement and $263.4 million in cash and cash equivalents, excluding WebBank cash.

Steel Partners Holdings (NYSE: SPLP) has announced a quarterly cash distribution of $0.375 per unit on its 6% Series A Preferred Units. The distribution will be payable on March 15, 2025, to unitholders of record as of March 1, 2025.

The company's board of directors maintains discretion over future distributions, including decisions about payment methods (cash, in-kind, or combination). These decisions will be influenced by various factors, including operational results, cash flows, financial position, and capital requirements.

Steel Partners Holdings reported strong Q3 2024 financial results with revenue increasing 5.7% to $520.4 million and net income rising 32.2% to $36.9 million compared to the same period last year. The company's Adjusted EBITDA reached $76.0 million with a 14.6% margin. Year-to-date performance showed revenue of $1.5 billion, up 6.4%, and net income of $196.6 million, a 76.6% increase. The Financial Services segment delivered increased profits, while the Diversified Industrial segment saw significant growth in net sales. Total debt decreased to $120.2 million, and the company maintained strong liquidity with $246 million in cash and cash equivalents.