Steel Partners Hldgs L P Stock Price, News & Analysis

Steel Partners Holdings L.P. (SPLP) reported Q3 2021 revenue of $392.1 million, up 18.7% year-over-year, driven by a strong sales volume across all segments amidst recovering economic conditions. Net income from continuing operations was $22.1 million, with earnings per diluted common unit at $0.92. Adjusted EBITDA reached $72.5 million, reflecting an 18.5% margin. Year-to-date revenue totaled $1.1 billion, a 12.5% increase. Total debt stood at $263.4 million. The company also announced a quarterly cash distribution of $0.375 per Series A Preferred Unit, payable December 15, 2021.

Steel Sports has officially opened Lasorda Legacy Park, formerly Baseball Heaven, in Yaphank, NY, to honor Hall of Fame Manager Tommy Lasorda. This state-of-the-art facility will host Team Steel NY and numerous youth baseball and softball tournaments, attracting over 250,000 families annually. Founded by Warren Lichtenstein in 2011, Steel Sports promotes youth development through its coaching system, 'The Lasorda Way.' The Grand Opening ceremony is scheduled for September 19, 2021, celebrating Lasorda's enduring legacy in sports and community.

Steel Partners Holdings L.P. (SPLP) reported strong Q2 2021 results, with revenue reaching $386.4 million, a 31.3% increase from Q2 2020. Net income from continuing operations was $27.4 million, up from $17,000 last year, marking a recovery to pre-pandemic levels. Adjusted EBITDA rose to $74.4 million, reflecting improved profitability across segments. Despite rising costs, particularly in goods sold, the company reported lower interest expenses. A quarterly cash distribution of $0.375 per unit was declared, payable September 15, 2021.

Steel Partners has partnered with Paralympic swimmer Morgan Stickney to inspire youth through sports. Morgan, who overcame serious health issues, will share her journey and values of perseverance and grit with young athletes across the country. This collaboration aims to promote the importance of teamwork, respect, and integrity, as well as enrich the experiences of over 100,000 young athletes annually through Steel Sports. As part of her role, Morgan will join the Steel Sports National Advisory Board, furthering their mission to develop future leaders in sports.

Steel Partners Holdings L.P. (NYSE: SPLP) reported Q1 2021 revenue of $314,493, a 9.4% decrease from $347,210 in Q1 2020. Despite lower sales volume, net income from continuing operations improved to $53,342 from a loss of $36,479 a year earlier. Adjusted EBITDA increased to $49,776, with a margin of 15.8%. Notably, the company reduced total debt by approximately $39.5 million, achieving total debt of $294.6 million. Liquidity remains strong at $355.7 million. The executive team emphasizes continued operational improvement and cost reduction strategies.

Steel Partners Holdings L.P. (NYSE: SPLP) has declared a quarterly cash distribution of $0.375 per unit on its 6% Series A Preferred Units. This distribution is payable on June 15, 2021, to unitholders of record as of June 1, 2021. Future distribution decisions will depend on various factors, including financial performance and cash flow.

Steel Partners is a diversified holding company involved in sectors such as energy, defense, and logistics.

Steel Partners Holdings L.P. (NYSE: SPLP) released its annual letter from Executive Chairman Warren Lichtenstein, detailing the Company's 2020 financial results, highlights from its holdings, and future strategies. The letter emphasizes the Company’s diversified interests across multiple sectors, including industrial products, energy, and banking. It also addresses forward-looking statements regarding SPLP's expectations, risks related to COVID-19, financial reporting, and market volatility. Investors are advised to review the risk factors affecting SPLP's performance as outlined in their SEC filings.

Steel Partners Holdings L.P. (NYSE: SPLP) reported its Q4 and FY 2020 operating results, revealing a revenue decline to $338.7 million in Q4 2020 from $346.7 million in Q4 2019, and total FY revenue at $1.31 billion, down from $1.46 billion the previous year. Despite challenges, the company achieved net income from continuing operations of $94.2 million in Q4 and $83.5 million for FY 2020, showcasing improved EBITDA margins of 19.8%. The Executive Chairman highlighted cost reductions and operational improvements, leading to increased cash flow despite lower revenues.