December 22, 2014 2:06 AM ET

Diversified Financial Services

Company Overview of Steel Partners Holdings L.P

Company Overview

Steel Partners Holdings, L.P., through its subsidiaries, is engaged in industrial products, energy, defense, supply chain management and logistics, banking, food products and services, oilfield 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...

590 Madison Avenue

32nd Floor

New York, NY 10022

United States

Founded in 1992

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
Age: 51
Total Annual Compensation: $880.0K
Senior Vice President of of Steel Partners Holdings Gp Inc
Age: 56
Total Annual Compensation: $571.9K
Compensation as of Fiscal Year 2013.

Steel Partners Holdings L.P Key Developments

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

On December 15, 2014, Steel Partners Holdings L.P. together with its subsidiary, SPH Group Holdings LLC, entered into an amendment to its credit agreement, dated as of October 13, 2013, with PNC Bank, National Association, in its capacity as administrative agent for the lenders there under, to, among other things, increase the revolving credit commitments to an aggregate principal amount of $75,000,000, provide additional flexibility to allow one or more new lenders to join and become a party to the credit facility with a minimum revolving credit commitment amount of not less than $10,000,000, and amend certain financial covenants.

Steel Partners Holdings L.P Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Steel Partners Holdings L.P reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $258,700,000 against $210,311,000 a year ago. Income before taxes and equity method investments was $28,942,000 against $9,850,000 a year ago. Net income from continuing operations was $20,790,000 against net loss from continuing operations of $11,842,000 a year ago. Net income attributable to common unit holders was $14,027,000 or $0.50 per basic and diluted share against net loss attributable to common unit holders of $15,446,000 or $0.52 per basic and diluted share a year ago. For the nine months, the company reported revenues of $727,866,000 against $612,255,000 a year ago. Income before taxes and equity method investments was $68,698,000 against $31,488,000 a year ago. Net income from continuing operations was $30,399,000 against net loss from continuing operations of $949,000 a year ago. Net income attributable to common unit holders was $11,116,000 or $0.38 per basic and diluted share against net loss attributable to common unit holders of $11,299,000 or $0.38 per basic and diluted share a year ago.

Steel Partners Holdings L.P Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Steel Partners Holdings L.P reported earnings results for the second quarter and six months ended June 30, 2014. The company reported revenues of $254.9 million for the quarter, as compared to $218.5 million for the same period of 2013. Income before taxes and equity method investments was $28.0 million in the second quarter of 2014, as compared to $15.8 million in the same period of 2013. Net income attributable to the company's common unitholders for the second quarter of 2014 was $9.8 million, or $0.34 per diluted common unit, as compared to $16.1 million, or $0.53 per diluted common unit, for the same period in 2013. For the six months ended June 30, 2014, revenues were $469.2 million as compared to $401.9 million for the same period in 2013. Income before taxes and equity method investments was $39.8 million in the first six months of 2014, as compared to $21.6 million in the same period of 2013. Net loss attributable to the company's common unitholders for the first six months of 2014 was $2.9 million, or $0.10 per diluted common unit, as compared to net income of $4.1 million, or $0.14 per diluted common unit, for the same period in 2013.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
March 24, 2014
--
Buyback
January 2, 2014
--
 

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