An update from Steel Partners Holdings ( (SPLP) ) is now available.
On March 11, 2025, Steel Partners Holdings L.P. published an annual letter reflecting on its growth and strategic achievements. The company highlighted its successful acquisition of Steel Connect, now a wholly-owned subsidiary, and reported strong financial performance for 2024, with increased revenue and net income. The Steel Business System has been pivotal in enhancing operational efficiency, contributing to significant profitability improvements across its business units. Notably, Dunmore and HandyTube achieved record profitability, while Indiana Tube Corporation maintained good EBITDA margins despite market challenges. The company’s strategic focus and operational improvements have positioned it for continued growth in 2025.
More about Steel Partners Holdings
Steel Partners Holdings L.P. is a diversified global holding company that has transformed from a private investment partnership into a robust portfolio of businesses. The company operates in various sectors, including diversified industrial, energy & sports, supply chain, and financial services, with a focus on innovation, operational excellence, and strategic acquisitions. Steel Partners has approximately 5,200 employees across 90 locations in 18 countries.
YTD Price Performance: -6.34%
Average Trading Volume: 1,821
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $769.2M
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