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Steel Partners Holdings LP - SPLP STOCK NEWS

Welcome to our dedicated news page for Steel Partners Holdings LP (Ticker: SPLP), a resource for investors and traders seeking the latest updates and insights on Steel Partners Holdings LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Steel Partners Holdings LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Steel Partners Holdings LP's position in the market.

News
Steel Partners Holdings Reports Fourth Quarter and Full Year Results
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) reported fourth quarter and full-year 2023 results with revenue totaling $466.9 million and $1.9 billion, respectively. Net income for the quarter was $42.7 million, and $154.0 million for the year. Adjusted EBITDA was $59.4 million for the quarter and $240.6 million for the year. The company's net cash provided by operating activities was $9.5 million for the quarter and $21.2 million for the year. Total debt stood at $191.4 million, with net cash totaling $56.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
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Steel Sports Demonstrates Significant Growth in Athletes’ Achievement and Personal Development in 2023 Impact Survey
Rhea-AI Summary
Steel Sports releases a report showcasing the success of their Steel Sports Coaching System: The Lasorda Way, with a focus on character growth and athletic development. The system's four Core Values of Teamwork, Respect, Integrity, and Commitment have led to a 100% graduation rate for high school senior athletes, with 89% continuing to college and 52% playing college sports. Steel athletes exhibit positive traits like grit and growth mindset, with over 80% showing appropriate reactions to failures and a focus on effort over outcomes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
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News
WebBank, a Steel Partners Company, Honored as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner
Rhea-AI Summary
WebBank, a subsidiary of Steel Partners Holdings (SPLP), has been recognized as a winner of Glassdoor's Employees' Choice Awards for the Best Places to Work 2024, ranking second among 50 small to medium-sized businesses. This is the second consecutive year WebBank has received this honor, based on anonymous employee feedback.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
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none
News
Steel Partners Holdings L.P. Abandons Reverse/Forward Unit Split
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) has announced the abandonment of its previously announced 1-for-12,500 reverse unit split of its common units, followed by a 12,500-for-1 forward unit split. The Reverse/Forward Unit Split was expected to become effective on January 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
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News
Steel Partners Holdings L.P. Announces Extension of Effective Date for Reverse/Forward Unit Split
Rhea-AI Summary
Steel Partners Holdings L.P. (NYSE: SPLP) has announced an extension of the effective date of its 1-for-12,500 reverse unit split followed by a 12,500-for-1 forward unit split. The Reverse Unit Split is expected to become effective as of 5:00 p.m. Eastern Time on January 11, 2024, followed immediately by the Forward Unit Split at 5:01 p.m. Eastern Time on the same day. The Company Common Units are expected to begin trading on a split-adjusted basis when the market opens on January 12, 2024. The Company reserves the right to abandon, modify, or extend the Reverse/Forward Unit Split at any time prior to the Effective Date. No fractional units will be issued, and instead, the Company will pay cash to any unitholder who would be entitled to receive a fractional unit as a result of the Reverse/Forward Unit Split. Registered unitholders holding pre-split Company Common Units electronically in book-entry form are not required to take any action to receive post-split units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
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News
Steel Partners Holdings L.P. Announces Reverse/Forward Unit Split
Rhea-AI Summary
Steel Partners Holdings L.P. (NYSE: SPLP) announced a 1-for-12,500 reverse unit split followed by a 12,500-for-1 forward unit split of its common units. The Reverse/Forward Unit Split is expected to be effective on January 8, 2024, with the Company Common Units continuing to trade on the NYSE under the existing symbol 'SPLP' on a split-adjusted basis starting January 9, 2024.
Rhea-AI Impact
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End-of-Day
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Steel Partners Holdings Reports Third Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units
Rhea-AI Summary
Steel Partners Holdings L.P. (NYSE: SPLP) reported Q3 2023 revenue of $492.3 million, a 15.6% increase YoY. Net income was $27.9 million, a 23.4% decrease YoY. The company's adjusted EBITDA decreased to $44.5 million from $60.2 million for the same period in the prior year. Key SEO terms: Steel Partners Holdings, SPLP, Q3 2023 results, revenue, net income, adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
earnings
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News
Steel Partners Holdings Reports Second Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) announces Q2 2023 results with revenue of $500.9 million, a 13.5% increase YoY. Net income decreases by 36.4% to $58.6 million. Adjusted EBITDA increases to $73.6 million, with a margin of 14.7%. Total debt at quarter-end is $185.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
earnings
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Steel Partners Holdings Announces Ryan O’Herrin Named Chief Financial Officer
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) appoints Ryan O’Herrin as Chief Financial Officer, replacing Jason Wong. O’Herrin brings over 20 years of financial leadership experience and will report directly to Executive Chairman Warren Lichtenstein. O’Herrin's background includes roles at Eastman, Genus PLC, and Weir Group PLC, along with an MBA from the University of Wisconsin-Madison and certifications as a CPA and CMA.
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End-of-Day
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Steel Partners Holdings Announces Joseph Martin Named Chief Administrative Officer & Chief Legal Officer and Maria Reda Named General Counsel
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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Stock SPLP logo
Steel Partners Holdings LP

NYSE:SPLP

SPLP Rankings

#2617 Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

SPLP Stock Data

785.14M
3.97M
46.66%
37.87%
0.03%
Offices of Other Holding Companies
Management of Companies and Enterprises
Link
US
New York

About SPLP

steel partners holdings l.p. (nyse: splp) is a global diversified holding company that engages in multiple businesses, including diversified industrial products, energy, defense, supply chain management and logistics, banking, food products and services, oilfield services, sports, training, education, and the entertainment and lifestyle industries.