Steel Partners Holdings L.P. (NYSE:SPLP) (the "Company") is pleased to announce that the Superior Court of New Jersey dismissed attorney Michael MacManus's claim of age discrimination in the matter of Michael MacManus vs. Steel Services, Ltd. following a court hearing on August 29, 2024 regarding the Company's motion for summary judgment. "We're very happy that the New Jersey courts agree that the culture of Steel Partners is inclusive and open" said Warren Lichtenstein, chairman and founder of Steel Partners. "There is no scenario in which we would discriminate against an employee for their age or any other protected characteristic." Mr. MacManus, previously an assistant general counsel

Second Quarter 2024 Results Revenue was $533.2 million, an increase of 6.4% as compared to the same period in the prior year Net income was $124.9 million, an increase of 113.2% as compared to the same period in the prior year Net income attributable to common unitholders was $116.3 million, or $4.85 per diluted common unit Adjusted EBITDA* totaled $83.8 million; Adjusted EBITDA margin* was 15.7% Net cash provided by operating activities was $69.0 million Adjusted free cash flow* totaled $38.6 million Total debt at quarter-end was $78.7 million; net cash*, which includes, among other items, pension and preferred unit liabilities, and long-term investments was $53.7 mill

WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE:SPLP), has been named one of the 2024 Best Places to Work in Financial Technology. This is the second year in a row WebBank has been named a winner, ranking ninth on the list of forty companies. The awards program was created in 2017 and is a project of Arizent and Best Companies Group. This annual survey and awards program is designed to identify, recognize, and honor the best employers in the financial technology industry. Companies recognized on this year's list operate in and serve companies and consumers in a wide range of financial services including banking and mortgages, insurance, payments and financial advisory.

First Quarter 2024 Results Revenue was $476.3 million, an increase of 7.0% as compared to the same period in the prior year Net income was $34.8 million, an increase of 40.3% as compared to the same period in the prior year Net income attributable to common unitholders was $34.2 million, or $1.50 per diluted common unit Adjusted EBITDA* totaled $58.6 million; Adjusted EBITDA margin* was 12.3% Net cash provided by operating activities was $197.5 million Adjusted free cash flow* totaled $23.9 million Total debt at quarter-end was $92.8 million; net cash*, which includes, among other items, pension and preferred unit liabilities, and long-term investments was $41.2 million

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable June 15, 2024, to unitholders of record as of June 1, 2024, on its 6% Series A Preferred Units, no par value ("Series A Preferred"). Any future determination to declare distributions on its units of Series A Preferred, and any determination to pay such distributions in cash or in kind, or a combination thereof, will remain at the discretion of Steel Partners' board of directors and will be dependent upon a number of factors, including the company's results of operations, cash flows, financi

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein. The letter can be accessed at https://ir.steelpartners.com/investor-letters. The annual letter includes reviews of the Company's 2023 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240425984183/en/Warren Lichtenstein (Photo: Business Wire) About Steel Partners Holdings L.P. Steel Partners Holdings L.P. (www.steelpartners.c

Fourth Quarter 2023 Results Revenue totaled $466.9 million Net income was $42.7 million Net income attributable to common unitholders was $41.3 million, or $1.75 per diluted common unit Adjusted EBITDA* totaled $59.4 million; Adjusted EBITDA margin* was 12.7% Net cash provided by operating activities was $9.5 million Adjusted free cash flow* totaled $87.6 million Total debt was $191.4 million; net cash,* which also includes our pension and preferred unit liabilities, less cash and investments, totaled $56.4 million Full Year 2023 Results Revenue totaled $1.9 billion Net income was $154.0 million Net income attributable to common unitholders was $150.8 millio

Steel Sports, a social impact organization that inspires youth across America to reach their full potential through sports education and programming, released a report today demonstrating the efficacy of their proprietary Steel Sports Coaching System: The Lasorda Way. The innovative Steel Sports Coaching System provides high-quality instruction that prioritizes character growth and athletic development. Steel Coaches focus on four Core Values that research shows have reached high awareness among players and their caregivers. These values of Teamwork, Respect, Integrity, and Commitment can prime athletes for college, careers, and long-term success. Steel Sports saw a 100% graduation rat

WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE:SPLP), has been named a winner of Glassdoor's 16th annual Employees' Choice Awards, honoring the Best Places to Work 2024. This is the second year in a row WebBank has been named a winner, and this year, it is ranked second on the list of 50 small to medium sized businesses that received this distinction. Unlike other workplace awards, the Glassdoor Employees' Choice Awards are based on the input of employees who voluntarily provide anonymous feedback on Glassdoor by completing a company review about their job, work environment and employer over the past year. "Receiving Glassdoor's Best Place to Work award is a testament

Steel Partners Holdings L.P. (NYSE:SPLP), a Delaware limited partnership (the "Company" or "Steel Partners"), announced today that it will abandon its previously announced 1-for-12,500 reverse unit split ("Reverse Unit Split") of its common units, no par value (the "Company Common Units"), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the "Forward Unit Split," and, together with the Reverse Unit Split, the "Reverse/Forward Unit Split"). The Reverse/Forward Unit Split was previously extended on January 8, 2024 and was expected to become effective on January 11, 2024. About Steel Partners Holdings L.P. Steel Partners Holdings L.P. is a diversified

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company, today announced the appointment of Ryan O'Herrin as Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807179891/en/Ryan O'Herrin (Photo: Business Wire) O'Herrin is an established financial leader with over 20 years of successful achievements across multiple industries. O'Herrin was most recently the Division Finance Director for Eastman. Previously, O'Herrin was Division CFO for Genus PLC and had multiple roles in Strategy, Finance, and I.T. with Weir Group PLC. O'Herrin has a B.S. in Computer Science and an MBA from the Univ

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company, today announced the appointment of Joseph Martin as Chief Administrative Officer and Chief Legal Officer and Maria Reda as General Counsel. These appointments will further strengthen the company's strategic planning, administrative, and legal functions, supporting its growth and success. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230608005739/en/Joe Martin Named Chief Administrative Officer (Photo: Business Wire) In his role as Chief Administrative Officer, Mr. Martin will provide expert guidance and strategic direction to the executive team. M

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company, today announced the appointment of Stephanie McKinney as Chief Human Resources Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220329005428/en/Stephanie McKinney (Photo: Business Wire) McKinney is an established human resources leader with over 20 years of diverse, successful achievements across multiple industries. McKinney was most recently the Vice President, Human Resources North America for Siemens Energy. Previously, McKinney was Vice President, Human Resources, Enterprise Diagnostics Informatics at Philips Healthcare, and Global Corpora

NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP) announced the appointment of Rory Yanchek as the President of MTI. Steel Partners’ Executive Chairman Warren Lichtenstein said, “It is my pleasure to welcome Rory as MTI’s President. He is a proven executive who brings a passion for leadership, building high-performing teams, and developing businesses. He has a track record of success in leading change, driving growth, and strengthening the operational performance of global business units. We are confident Rory is the right choice to take MTI forward.” Rory joins MTI following 25 years at 3M. Most recently, he served as Vice President and General Manager of 3M’

NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings LP (NYSE: SPLP) today announced the appointment of Jason Lloyd as the President of WebBank, succeeding Kelly Barnett. Lloyd, an employee of WebBank since 2008, most recently served as Executive Vice President of Business Development and has been instrumental in the execution of the bank’s business plan since he joined the company. “Jason has a demonstrated track record of leadership and building value for all stakeholders. Jason forges strong client relationships and leads with innovation. He is an empathetic and passionate leader, and he is the right person to lead WebBank into the future,” said Jack Howard, Executive Chairman

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company ("Steel Partners") and Steel Connect, Inc. (NASDAQ:STCN) ("Steel Connect") today announced that Steel Partners and certain of its affiliates (the "Steel Partners Group") have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the "Preferred Stock", and, such transfer and related transactions, the "Transaction"). Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Ste

Fourth Quarter 2022 Results Revenue totaled $422.6 million, a decrease of 2.1%, as compared to the same period in the prior year Net income from continuing operations was $73.1 million Net income attributable to common unitholders was $73.0 million, or $2.82 per diluted common unit Adjusted EBITDA* totaled $44.6 million; Adjusted EBITDA margin* was 10.6% Net cash used in operating activities from continuing operations was $151.7 million Adjusted free cash flow* totaled $30.3 million Total debt was $180.3 million; net debt,* which also includes our pension and preferred unit liabilities, less cash and investments, totaled $47.6 million Full Year 2022 Results Revenue totaled

Third Quarter 2022 Results Revenue totaled $425.7 million, an increase of 8.6% as compared to the same period in the prior year Net income was $36.4 million, an increase of 64.8% as compared to the same period in the prior year Net income attributable to common unitholders was $36.3 million, or $1.45 per diluted common unit Adjusted EBITDA* decreased to $60.2 million from $72.5 million for the same period in the prior year; Adjusted EBITDA margin* was 14.1% Net cash provided by operating activities was $42.3 million Adjusted free cash flow* totaled $48.0 million Total debt at quarter-end was $177.6 million; net debt,* which includes, among other items, pension and preferred un

Second Quarter 2022 Results Revenue totaled $441.4 million, an increase of 14.2% as compared to the same period in the prior year Net income was $92.1 million, an increase of 234.2% as compared to the same period in the prior year Net income attributable to common unitholders was $92.1 million, or $3.52 per diluted common unit Adjusted EBITDA* decreased to $59.0 million from $74.4 million for the same period in the prior year; Adjusted EBITDA margin* was 13.4% Net cash used in operating activities was $87.6 million Adjusted free cash flow* totaled $34.4 million Total debt at quarter-end was $176.4 million; net debt,* which includes, among other items, pension and preferr

First Quarter 2022 Results Revenue totaled $405.7 million, an increase of 29.0% as compared to the same period in the prior year Net income was $4.5 million Net income attributable to common unitholders was $4.6 million, or $0.20 per diluted common unit Adjusted EBITDA* increased to $64.6 million from prior year; Adjusted EBITDA margin* was 15.9% Net cash used in operating activities was $13.3 million Adjusted free cash flow* totaled $33.6 million Total debt at quarter-end was $269.6 million; net debt,* which includes, among other items, pension and preferred unit liabilities, and marketable securities and long term investment assets totaled $257.0 million Steel Partners Hol

Fourth Quarter 2021 Results Revenue totaled $431.9 million, an increase of 27.5%, as compared to the same period in the prior year Net income from continuing operations was $29.6 million Net income attributable to common unitholders was $28.9 million, or $1.25 per diluted common unit Adjusted EBITDA* totaled $63.2 million; Adjusted EBITDA margin* was 14.6% Net cash provided by operating activities of continuing operations was $18.7 million Adjusted free cash flow* totaled $25.4 million Total debt was $271.0 million; net debt,* which also includes our pension and preferred unit liabilities, less cash and investments, totaled $225.1 million Full Year 2021 Results Revenue tot

Third Quarter 2021 Highlights Revenue totaled $392.1 million, an increase of 18.7%, as compared to the same period in the prior year Net income from continuing operations was $22.1 million Net income attributable to common unitholders was $22.3 million, or $0.92 per diluted common unit Adjusted EBITDA* was $72.5 million; Adjusted EBITDA margin* was 18.5% Net cash provided by operating activities of continuing operations was $43.9 million Adjusted free cash flow* was $56.4 million Total debt at quarter-end was $263.4 million; net debt,* which includes, among other items, pension and preferred unit liabilities, and marketable securities and long term investments, totaled $278.9

Second Quarter 2021 Highlights Revenue totaled $386.4 million, an increase of 31.3%, as compared to the same period in the prior year Net income from continuing operations was $27.4 million Net income attributable to common unitholders was $27.2 million, or $1.03 per diluted common unit Adjusted EBITDA* increased to $74.4 million; Adjusted EBITDA margin* was 19.2% Net cash provided by operating activities of continuing operations was $7.8 million Adjusted free cash flow* totaled $48.5 million Total debt at quarter-end was $292.7 million; net debt,* which includes, among other items, pension and preferred unit liabilities, and marketable securities and long term investments, to

First Quarter 2021 Highlights Revenue totaled $314.5 million Net income from continuing operations was $53.3 million Net income attributable to common unitholders was $53.0 million, or $1.60 per diluted common unit Adjusted EBITDA* increased to $49.8 million from prior year; Adjusted EBITDA margin* was 15.8% Net cash provided by operating activities of continuing operations was $7.2 million Adjusted free cash flow* totaled $5.5 million Total debt at quarter-end was $294.6 million; net debt,* which includes, among other items, pension and preferred unit liabilities, and marketable securities and long term investment assets totaled $295.0 million Steel Partners Holdings L.P. (