Steel Partners Holdings Loss Widens Amid Revenue Growth

(RTTNews) - Steel Partners Holdings L.P (SPLP), a diversified holding company, Friday reported first-quarter net loss to unitholders of $12.7 million or $0.41 per unit, compared with a loss of $12 million or $0.40 per unit last year.

Results for the quarter included $18.3 million net loss from associated companies, compared with loss of $10.4 million in the prior year, the company said.

The company reported quarterly revenues of $214.2 million, compared with $183.5 million a year ago.

Revenue growth was seen across the company's diversified industrial and energy businesses.

New York-based Steel Partners is engaged in diverse businesses including industrial products, energy, defense, logistics, banking, food, sports, education and entertainment.