July 27, 2017 1:15 AM 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, logistics, banking, food products and services, sports, training, education, entertainment, and lifestyle businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Corporate and Other segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and produces seamless stainless steel tubing coils; manufactures and supplies fasteners and fastening systems for the commercial low slope roofing industry; and manufactures sheet and mechanically formed glass, quartz, carbon and aramid materials for s...

590 Madison Avenue

32nd Floor

New York, NY 10022

United States

Founded in 1992

4,845 Employees

Phone:

212-520-2300

Fax:

212-520-2301

Key Executives for Steel Partners Holdings L.P.

Executive Chairman & Principal Executive Officer of Steel Partners Holdings GP Inc.
Age: 52
Managing Partner, President & Director of Steel Partners Holdings GP Inc.
Age: 55
Senior VP, CFO & Principal Accounting Officer of Steel Partners Holdings GP Inc.
Age: 44
Total Annual Compensation: $579.9K
SVP, General Counsel & Secretary of Steel Partners Holdings GP Inc.
Age: 59
Total Annual Compensation: $645.5K
Compensation as of Fiscal Year 2016.

Steel Partners Holdings L.P. Key Developments

Steel Partners Holdings Declares Regular Quarterly Distribution on its Series A Preferred Units Payable on June 15, 2017

Steel Partners Holdings L.P. announced that its board of directors has declared a regular quarterly cash distribution of $0.375 per unit, payable June 15, 2017, to unitholders of record as of June 1, 2017, on its 6% Series A Preferred Units, no par value (“Series A Preferred”).

Steel Partners Holdings L.P. Reports Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Full Year of 2017

Steel Partners Holdings L.P. reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue increased to $323.3 million from $246.8 million for the same period in 2016. Loss before taxes, associated companies and other investments held at fair value was $2.6 million compared with income of $11.5 million in the 2016 period. Net loss attributable to the company's common unitholders was $4.1 million or $0.16 per basic and diluted common unit compared with net income of $2.0 million or $0.07 per basic and diluted common unit for the same period in 2016. Results for the 2017 first quarter and the comparable period in 2016 include certain significant transaction-related charges associated with the company's recently completed acquisitions, as well as other non-cash income or loss from associated companies and other investments held at fair value, net of taxes, which are allocated by segment. Adjusted EBITDA was $30.3 million compared with $30.5 million for the same period in 2016. The current quarter's Adjusted EBITDA reflects a higher contribution from the Diversified Industrial and Energy segments, offset by a lower contribution from the Financial Services segment and higher corporate expenses. The company noted, based on current information, the company expects 2017 second quarter revenue between $323 million and $375 million and Adjusted EBITDA between $41 million and $50 million. The company anticipates revenue for the full 2017 year between $1.3 billion and $1.4 billion and adjusted EBITDA between $151 million and $178 million.

Steel Partners Holdings L.P Reports Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Full Year 2017

Steel Partners Holdings L.P reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company's revenues were $323,319,000 compared to $246,793,000 a year ago. Loss before taxes, associated companies and other investments held at fair value was $2,554,000 compared to income of $11,517,000 a year ago. Net loss attributable to common unit holders was $4,082,000 or $0.16 per basic and diluted share compared to net income of $1,962,000 or $0.07 per basic and diluted share a year ago. Income before income taxes was $3,748,000 compared to $6,079,000 a year ago. Adjusted EBITDA was $30,259,000 compared to $30,473,000 a year ago. For the second quarter of 2017, the company expects revenue between $323 million and $375 million and adjusted EBITDA between $41 million and $50 million. For the full year 2017, the company anticipates revenue between $1.3 billion and $1.4 billion and adjusted EBITDA between $151 million and $178 million.

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