Welcome to our dedicated page for STEEL PARTNERS HOLDINGS L.P. news (Ticker: SPLP), a resource for investors and traders seeking the latest updates and insights on STEEL PARTNERS HOLDINGS L.P. stock.
Steel Partners Holdings L.P., listed on the NYSE under the symbol SPLP, is a globally diversified holding company. Its extensive portfolio spans various sectors, including diversified industrial products, energy, defense, supply chain management and logistics, banking, food products and services, oilfield services, sports, training, education, and entertainment and lifestyle industries.
Core Business: The company operates through multiple segments:
- Diversified Industrial Segment: This includes manufacturers of engineered niche industrial products such as joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses.
- Energy Segment: This division provides essential drilling and production services to the oil and gas industry, and also includes a youth sports business.
- Financial Services Segment: Operating primarily through WebBank, a Utah-chartered industrial bank, this segment offers a full range of banking activities.
Recent Achievements and Projects: Steel Partners Holdings L.P. is continuously expanding its portfolio and improving its financial health. The company's recent ventures in energy services and youth sports have shown significant promise, reflecting in their financial performance.
Partnerships and Financial Condition: Known for its strategic partnerships and solid financial condition, SPLP collaborates with leading industry players to optimize its diverse operations. This robust framework ensures steady growth and innovation across all its segments.
Overall, Steel Partners Holdings L.P. stands out for its diversified approach, making it a significant player in various industries and a reliable investment in the stock market.
Rhea-AI Summary
WebBank, a subsidiary of Steel Partners Holdings (SPLP), has been recognized as a winner of Glassdoor's Employees' Choice Awards for the Best Places to Work 2024, ranking second among 50 small to medium-sized businesses. This is the second consecutive year WebBank has received this honor, based on anonymous employee feedback.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
-
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) has announced the abandonment of its previously announced 1-for-12,500 reverse unit split of its common units, followed by a 12,500-for-1 forward unit split. The Reverse/Forward Unit Split was expected to become effective on January 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
Tags
-
News
Rhea-AI Summary
Steel Partners Holdings L.P. (NYSE: SPLP) has announced an extension of the effective date of its 1-for-12,500 reverse unit split followed by a 12,500-for-1 forward unit split. The Reverse Unit Split is expected to become effective as of 5:00 p.m. Eastern Time on January 11, 2024, followed immediately by the Forward Unit Split at 5:01 p.m. Eastern Time on the same day. The Company Common Units are expected to begin trading on a split-adjusted basis when the market opens on January 12, 2024. The Company reserves the right to abandon, modify, or extend the Reverse/Forward Unit Split at any time prior to the Effective Date. No fractional units will be issued, and instead, the Company will pay cash to any unitholder who would be entitled to receive a fractional unit as a result of the Reverse/Forward Unit Split. Registered unitholders holding pre-split Company Common Units electronically in book-entry form are not required to take any action to receive post-split units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
Tags
Rhea-AI Summary
Steel Partners Holdings L.P. (NYSE: SPLP) announced a 1-for-12,500 reverse unit split followed by a 12,500-for-1 forward unit split of its common units. The Reverse/Forward Unit Split is expected to be effective on January 8, 2024, with the Company Common Units continuing to trade on the NYSE under the existing symbol 'SPLP' on a split-adjusted basis starting January 9, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Steel Partners Holdings L.P. (NYSE: SPLP) reported Q3 2023 revenue of $492.3 million, a 15.6% increase YoY. Net income was $27.9 million, a 23.4% decrease YoY. The company's adjusted EBITDA decreased to $44.5 million from $60.2 million for the same period in the prior year. Key SEO terms: Steel Partners Holdings, SPLP, Q3 2023 results, revenue, net income, adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
-
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) announces Q2 2023 results with revenue of $500.9 million, a 13.5% increase YoY. Net income decreases by 36.4% to $58.6 million. Adjusted EBITDA increases to $73.6 million, with a margin of 14.7%. Total debt at quarter-end is $185.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
Rhea-AI Summary
Steel Partners Holdings L.P. (SPLP) appoints Ryan O’Herrin as Chief Financial Officer, replacing Jason Wong. O’Herrin brings over 20 years of financial leadership experience and will report directly to Executive Chairman Warren Lichtenstein. O’Herrin's background includes roles at Eastman, Genus PLC, and Weir Group PLC, along with an MBA from the University of Wisconsin-Madison and certifications as a CPA and CMA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
Rhea-AI Summary
Steel Partners Holdings and Steel Connect announce transfer of marketable securities in exchange for Preferred Stock. Preferred Stock will be convertible into 184,891,318 shares of Steel Connect common stock. Transaction aims to provide Steel Connect with $200 million in new capital for working capital and acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
FAQ
What is the current stock price of STEEL PARTNERS HOLDINGS L.P. (SPLP)?
The current stock price of STEEL PARTNERS HOLDINGS L.P. (SPLP) is $42.4077 as of December 20, 2024.
What is the market cap of STEEL PARTNERS HOLDINGS L.P. (SPLP)?
The market cap of STEEL PARTNERS HOLDINGS L.P. (SPLP) is approximately 815.4M.
What is Steel Partners Holdings L.P. (SPLP)?
Steel Partners Holdings L.P. is a global diversified holding company operating in sectors like industrial products, energy, defense, and banking.
What industries does SPLP operate in?
SPLP operates in diversified industrial products, energy, defense, supply chain management, logistics, banking, youth sports, and more.
What are the core business segments of SPLP?
SPLP's core business segments are Diversified Industrial, Energy, and Financial Services.
What does the Diversified Industrial Segment include?
It includes manufacturers of engineered niche industrial products such as joining materials, tubing, and electrical products.
What services does the Energy Segment provide?
The Energy Segment offers drilling and production services to the oil and gas industry and includes a youth sports business.
What is the role of WebBank in SPLP?
WebBank, part of SPLP's Financial Services Segment, engages in a full range of banking activities.
What are some recent achievements of SPLP?
SPLP has expanded its energy services and youth sports ventures, significantly improving its financial performance.
How does SPLP ensure steady growth?
SPLP ensures steady growth through strategic partnerships, a diversified portfolio, and continuous innovation across its segments.
Why is SPLP a reliable investment?
SPLP's diversified approach and robust financial condition make it a reliable investment in various industries.
How can I stay updated on SPLP's latest news?
You can stay updated by visiting StockTitan or the company's official webpage for the latest news and developments.
STEEL PARTNERS HOLDINGS L.P.
NYSE:SPLP
SPLP Rankings
SPLP Stock Data
815.38M
9.78M
49.01%
40.26%
0.01%
Conglomerates
Miscellaneous Primary Metal Products
United States of America
NEW YORK