Steel Partners Q1 revenue up 7% to $476.3M; net income +40% to $34.8M; preferred dividend declared

STEEL PARTNERS HOLDINGS L.P.

Revenue $476.3M (+7% YoY); net income $34.8M (+40.3%); diluted EPS $1.50.
Adjusted EBITDA $58.6M (12.3% margin vs 14.2% prior year); adjusted FCF $23.9M.
Net cash position $41.2M; total debt $92.8M at quarter-end.
Regular quarterly distribution of $0.375/unit on Series A Preferred, payable June 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STEEL PARTNERS HOLDINGS L.P. reported the first quarter ended March 31, 2024 results: revenue $476.3 million, net income $34.8 million, EPS $1.50 per diluted common unit.

Period: the first quarter ended March 31, 2024
Revenue: $476.3 million
Net income: $34.8 million
EPS: $1.50 per diluted common unit
Result: reported results

Exact text from the filing

and capital requirements, among others. --- EX-99.2 (EX-99.2) --- Steel Partners Holdings Reports First Quarter Financial Results 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

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Source: SEC EDGAR

accession 0001452857-24-000016

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