Welcome to our dedicated page for Steel Partners Hldgs L P news (Ticker: SPLP), a resource for investors and traders seeking the latest updates and insights on Steel Partners Hldgs L P stock.
Steel Partners Holdings L.P. (SPLP) operates as a global diversified holding company with interests spanning industrial products, energy services, financial solutions, and specialized sectors including defense and logistics. This news hub provides investors and industry professionals with centralized access to official updates and analysis on SPLP's multifaceted operations.
Our curated collection of press releases and news articles offers timely insights into earnings reports, strategic acquisitions, sector-specific developments, and leadership announcements. Users will find verified information on corporate milestones across SPLP's industrial manufacturing divisions, WebBank financial services, energy operations, and emerging market ventures.
This resource serves as an essential tool for monitoring the company's performance in key areas such as engineered industrial components, oilfield services, and cross-sector partnerships. Content is organized to highlight operational achievements while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to SPLP's evolving business narrative, supported by factual reporting and neutral commentary. Regular updates ensure stakeholders remain informed about this diversified corporation's position across multiple industries.
Steel Partners Holdings L.P. (NYSE: SPLP) released its annual letter from Executive Chairman Warren Lichtenstein, detailing the Company’s 2022 financial results and strategic outlook. The letter highlights the diversified portfolio within industries such as energy and defense, emphasizing ongoing commitment to growth and shareholder value. Investors are encouraged to access the full letter for insights into company performance and future strategies. Notably, potential risks affecting performance, including economic downturns and regulatory compliance challenges, were also outlined, underscoring the importance of careful consideration in investment decisions.
Steel Partners Holdings L.P. (NYSE: SPLP) reported its Q4 2022 results with revenue of $422.6 million, a 2.1% decline year-over-year. Despite the drop, net income from continuing operations increased to $73.1 million, leading to earnings of $2.82 per diluted common unit. Full year revenue reached $1.7 billion, an increase of 11.2% compared to 2021. The company reduced total debt by $90.7 million to $180.3 million. Adjusted EBITDA for Q4 was $44.6 million, yielding an adjusted EBITDA margin of 10.6%, lower than the previous year's 14.6%.
Steel Partners Holdings L.P. (NYSE: SPLP) has announced a quarterly cash distribution of $.375 per unit for its 6% Series A Preferred Units. This payment is scheduled for March 15, 2023, to unitholders of record as of March 1, 2023. The decision to declare future distributions will depend on various factors, including the company's operational results, cash flows, and financial position. Steel Partners is a diversified global holding company with interests in multiple sectors such as industrial products, energy, and logistics.
Steel Partners Holdings L.P. (NYSE: SPLP) and Steel Sports have announced OMG Inc. as the winner of the 2022 Kids First Cup, recognizing their commitment to community development and youth engagement. Following their inaugural victory in 2021, OMG hosted a soccer camp for 40 local kids, emphasizing teamwork and respect. OMG positively impacted 757 kids through its Sponsorship program, providing $10,000 and coach support. Steel Partners Executive Chairman, Warren Lichtenstein, highlighted the extensive impact of their programs, reaching over 2,500 children. OMG President, Hubert McGovern, expressed gratitude for the recognition and commitment to fostering future leaders.
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