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Steel Partners Holdings L p   (SPLP)
Other Ticker:  
 
    Sector  Conglomerates    Industry Conglomerates
   Industry Conglomerates
   Sector  Conglomerates
 
Price: $40.0000 $1.00 2.577%
Day's High: $40.005 Week Perf: 8.11 %
Day's Low: $ 39.40 30 Day Perf: 7.38 %
Volume (M): 48 52 Wk High: $ 48.00
Volume (M$): $ 1,924 52 Wk Avg: $41.48
Open: $39.40 52 Wk Low: $33.12



 Market Capitalization (Millions $) 857
 Shares Outstanding (Millions) 21
 Employees 9
 Revenues (TTM) (Millions $) 1,905
 Net Income (TTM) (Millions $) 154
 Cash Flow (TTM) (Millions $) 344
 Capital Exp. (TTM) (Millions $) 51

Steel Partners Holdings L P

Steel Partners Holdings L.P. is a global diversified holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests. It owns and operates businesses, and has significant investments in companies, in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports.
Each of our companies has its own management team with significant experience in their industries. Our subsidiary, SP Corporate Services LLC (“SP Corporate”), through Management Services Agreements, provides services to us and some of our companies which include assignment of C-Level management personnel, as well as a variety of services including legal, tax, accounting, treasury, consulting, auditing, administrative, compliance, environmental health and safety, human resources, marketing, investor relations and other similar services.


HNH (NASDAQ (CM): HNH) is a diversified manufacturer of engineered niche industrial products with leading market positions in many of the markets it serves. Four of our representatives serve on HNHs seven-member board of directors, one of whom serves as Chairman. Our representatives also serve as the Executive Chairman (Principal Executive Officer), Chief Financial

Joining Materials - HNHs Joining Materials business primarily fabricates precious metals and their alloys into brazing alloys. Brazing alloys are used to join similar and dissimilar metals, as well as specialty metals and some ceramics, with strong, hermetic joints. The Joining Materials business offers these metal joining products in a wide variety of alloys, including gold, silver, palladium, copper, nickel, aluminum and tin. Operating income from precious metal products is principally derived from the "value added" of processing and fabricating and not from the purchase and resale of precious metals.


Tubing - HNHs Tubing business manufactures and produces value added fabrications for a wide variety of steel tubing products such as continuous seamless stainless steel tubing coils for the petrochemical infrastructure and shipbuilding markets and small diameter coil tubing for the aerospace, defense and semiconductor fabrication markets. This unit also manufactures welded carbon steel tubing in coiled and straight lengths with a primary focus on products for the transportation, appliance and heating and oil and gas industries.


Building Materials - HNHs Building Materials business manufactures and supplies products primarily to the commercial construction and building industries. It manufactures fasteners and fastening systems for the U.S. commercial low slope roofing industry, which are sold to building and roofing material wholesalers, roofing contractors and private label roofing system manufacturers, and a line of engineered specialty fasteners for the building products industry for fastening applications in the remodeling and construction of homes, decking and landscaping.


Performance Materials - HNHs Performance Materials business manufactures sheet and mechanically formed glass and aramid materials for specialty applications in a wide expanse of markets requiring highly engineered components. Its products are used in a wide range of advanced composite applications, such as civilian and military aerospace components, printed electronic circuit boards, filtration and insulation products, specialty commercial construction substrates, automotive and industrial components, and soft body armor for civilian and military applications. HNHs Performance Materials business is currently comprised solely of the operations of JPS Industries, Inc. ("JPS"), which HNH acquired on July 2, 2015.


Kasco Blades and Route Repair Services ("Kasco") - HNHs Kasco business provides meat-room blade products, repair services and resale products for the meat and deli departments of supermarkets, restaurants, meat and fish processing plants, and for distributors of electrical saws and cutting equipment, principally in North America and Europe. Kasco also provides wood cutting blade products for the pallet manufacturing, pallet recycler and portable saw mill industries in North America.

WFH LLC (formerly known as CoSine) operates through its subsidiary API, which CoSine obtained control over on April 17, 2015. On December 31, 2015 CoSine was merged into and with WFH LLC, with WFH LLC being the surviving company. API is a manufacturer and distributor of foils, films and laminates used to enhance the visual appeal and authenticating brands and packaging. APIs Laminates and Foils businesses produce carton board laminates and foils for the packaging of consumer goods as well as the food & confectionery, health & beauty, personal care, greeting cards, books, magazines, footwear & sports goods and office & promotional products industries. APIs Holographics business manufactures holographic products for use on premium branded goods in various industries, as well as use in government and institutional documents and currencies.

We continuously evaluate the retention and disposition of existing operations and investigate possible acquisitions of new businesses, often focusing on businesses that are selling substantially below intrinsic value. We consider possible synergies and economies of scale in operating and/or making determinations to acquire or dispose of companies. We seek additional means to reduce costs and to encourage integration of operations and the building of business relationships among our companies consistent with our desire that our unitholders benefit from the diversified holding company structure.


We strive to enhance the business operations of our companies and increase long-term value for unitholders and stakeholders through balance sheet improvements, strategic allocation of capital and operational and growth initiatives. We use a set of tools and processes called the Steel Business System to drive operational and sales efficiencies across each of our business units. The Steel Business System is designed to drive strategy deployment and sales and marketing based on lean principles. Our operational initiatives include creating efficiencies through consolidated purchasing and materials sourcing provided by the Steel Partners Purchasing Council, which arranges shared purchasing programs and is reducing costs for, and providing other benefits to, a number of our companies. We strive to reduce our companies operational costs, and enhance growth and profitability, through the implementation of Steel Partners Operational Excellence Programs, which include the deployment of Lean Manufacturing, Design for Six Sigma, Six Sigma and Strategy Deployment. We are focused on reducing corporate overhead of our companies by centralizing certain administrative and corporate services through Steel Partners Corporate Services that provides management, consulting and advisory services.


Generally, we seek to actively acquire and maintain control over our companies through our ability to influence their policies. Depending on the size of our ownership interests in any given company, this may be achieved by obtaining board representation and overseeing and providing assistance to the existing management team. We generally view our companies as long-term holdings and we expect to realize value by operating them with a view towards fostering growth and maximizing their value rather than through the sale of ownership interests. The securities of some of the companies in which we have interests are traded on national securities exchanges, while others are privately held or not actively traded.



   Company Address: 590 Madison Avenue, 32nd Floor New York 10022 NY
   Company Phone Number: 520-2300   Stock Exchange / Ticker: NYSE SPLP
   


   

Stock Performances by Major Competitors

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Steel Partners Holdings L P

Steel Partners Holdings L.P. reports impressive 10.48% revenue growth in fiscal fourth quarter of 2023

Steel Partners Holdings L.P., a diversified global holding company, has announced its operating results for the fiscal fourth quarter and year ended December 31, 2023. Despite experiencing a significant increase in revenue, the company saw a reduction in earnings per share (EPS). Net profit per share dropped by 31.92% to $1.63 per share, while revenue increased by 10.48% to $466.91 million compared to the same period the previous year.
In comparison to its industry peers in the conglomerates sector, Steel Partners Holdings' revenue improvement stands out. While the industry as a whole experienced a 7.85% business advance during the same period, Steel Partners' revenue increased considerably. This positive performance is offset by the decrease in EPS.

Product Service News

WebBank Named Second Best Place to Work in Glassdoor's 2024 Employee Choice Awards: Acknowledgment of Exemplary Workplace Culture and Employee Satisfaction

Published Thu, Jan 25 2024 2:15 PM UTC

In a significant recognition, WebBank, a subsidiary of Steel Partners Company, has been named as the second-best place to work in 2024 by Glassdoor's 16th Annual Employees Choice Awards. This marks the second time the company has received the prestigious honour, reinforcing WebBank's growing reputation as a preferred employer in the financial industry. Glassdooor, a recogniz...

Business Update

Steel Partners Holdings L.P. Sees Remarkable Increase in Revenue despite Abandonment of Reverse/Forward Unit Split

Published Wed, Jan 10 2024 10:30 PM UTC

In a move that defies conventional strategic norms, Steel Partners Holdings L.P. (SPLP), a Delaware limited partnership, has made the unexpected decision to abandon its previously announced 1-for-12,500 reverse unit split, followed immediately by a 12,500-for-1 forward unit split. However, despite this audacious step, the company has managed to record an extraordinary 13.48%...

Stock Split

Steel Partners Holdings L.P. Delays Reverse and Forward Unit Splits, Prioritizes Shareholder Value

Published Mon, Jan 8 2024 1:58 PM UTC


In a recent press release, Steel Partners Holdings L.P. (NYSE: SPLP) has announced its decision to extend the effective date of its previously announced 1-for-12,500 reverse unit split of its common units, followed immediately by a 12,500-for-1 forward unit split. This alteration in plans will have a significant impact on shareholders and requires a contextual understan...

Stock Split

Steel Partners Holdings Announces Reverse/Forward Unit Split, Streamlining Share Structure In Pursuit of Enhanced Value

Published Thu, Dec 14 2023 11:20 PM UTC



In a recent press release, Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership, has made an announcement regarding an upcoming Reverse/Forward Unit Split. The move aims to streamline the share structure of the company by implementing a 1-for-12,500 reverse unit split, followed by a 12,500-for-1 forward unit split. This strategic initiative aim...






 

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Steel Partners Holdings L P does not provide revenue guidance.

Earnings Outlook
Steel Partners Holdings L p does not provide earnings estimates.

 
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