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May 24, 2015 1:42 PM ET

Diversified Financial Services

Company Overview of Steel Partners Holdings L.P

Company Overview

Steel Partners Holdings, L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management and logistics, banking, food products and services, sports, training, education, and the entertainment and lifestyle businesses. It operates through Diversified Industrial, Energy, Financial Services, and Corporate and Other segments. The company fabricates precious metals and alloys into brazing alloys; manufactures steel tubing products, such as seamless stainless steel tubing coils; manufactures and supplies fasteners and fastening systems for the U.S. commercial low slope roofing industry; and specialty fasteners for the building products industry. It also pro...

590 Madison Avenue

32nd Floor

New York, NY 10022

United States

Founded in 1992

2,951 Employees

Phone:

212-520-2300

Fax:

212-520-2301

Key Executives for Steel Partners Holdings L.P

Executive Chairman of Steel Partners Holdings GP Inc and Chief Executive Officer of Steel Partners Holdings GP Inc
Age: 49
President of Steel Partners Holdings GP Inc and Director of Steel Partners Holdings GP Inc
Age: 52
Chief Financial Officer of Steel Partners Holdings GP Inc, Principal Accounting Officer of Steel Partners Holdings GP Inc, Senior Vice President of Steel Partners Holdings GP Inc and Assistant Secretary of Steel Partners Holdings GP Inc
Age: 51
Total Annual Compensation: $905.3K
Senior Vice President of of Steel Partners Holdings Gp Inc, General Counsel of of Steel Partners Holdings Gp Inc and Secretary of of Steel Partners Holdings Gp Inc
Age: 56
Total Annual Compensation: $578.4K
Compensation as of Fiscal Year 2014.

Steel Partners Holdings L.P Key Developments

Steel Partners Holdings L.P Reports Earnings Results for the First Quarter Ended March 31, 2015

Steel Partners Holdings L.P reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenues were $214,581,000 compared to $187,857,000 a year ago. Income before taxes and equity method investments was $17,266,000 compared to $7,517,000 a year ago. Net income from continuing operations was $18,807,000 compared to loss from continuing operations of $14,357,000 a year ago. Net income was $105,778,000 compared to net loss of $11,546,000 a year ago. Net income attributable to common unit holders was $78,431,000 compared to net loss attributable to common unit holders of $12,706,000 a year ago. Net income per common unit - diluted was $2.80 compared to loss per share of $0.41 a year ago.

Steel Partners Holdings L.P. and SPH Group Holdings LLC Enter into Second Amendment to the Credit Agreement

On March 27, 2015, Steel Partners Holdings L.P., together with its subsidiary, SPH Group Holdings LLC (SPH Group Holdings), entered into a second amendment (the Amendment") to its credit agreement (the Credit Agreement"), dated as of October 23, 2013, with PNC Bank, National Association, in its capacity as administrative agent for the lenders thereunder, to, among other things, increase the applicable margin from 1.25% to 1.50% and to add a new lender under the Credit Agreement.

Steel Partners Holdings L.P. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Steel Partners Holdings L.P. reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $199.1 million as compared to $170.0 million for the same period of 2013. Loss before taxes and equity method investments was $30.1 million in the fourth quarter of 2014, as compared to $7.7 million in 2013. Net loss from continuing operations was $39.3 million against net income from continuing operations of $44 million last year. Net loss attributable to the company's common unitholders for the fourth quarter of 2014 was $18.7 million, or $0.68 per basic and diluted common unit, as compared to net income attributable to the company's common unitholders of $30.8 million, or $0.99 per diluted common unit, for the same period in 2013. For the year ended December 31, 2014, the company reported revenue of $849.5 million, as compared to $721.1 million in 2013. Income before taxes and equity method investments was $25.3 million for the year, as compared to $16.5 million in 2013. Net loss from continuing operations was $17.6 million against net income from continuing operations of $38.4 million last year. Net loss attributable to the company's common unitholders for the year was $7.6 million, or $0.27 per basic and diluted common unit, as compared to net income attributable to the company's common unitholders of $19.5 million, or $0.63 per diluted common unit, for 2013.

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