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Steel Partners: 4Q Earnings Snapshot

February 28, 2020 GMT

NEW YORK (AP) _ Steel Partners Holdings LP (SPLP) on Friday reported a loss of $29.9 million in its fourth quarter.

On a per-share basis, the New York-based company said it had a loss of $1.20.

The diversified industrial company posted revenue of $364.2 million in the period.

For the year, the company reported net income of $4 million, or 16 cents per share, swinging to a profit in the period. Revenue was reported as $1.56 billion.

For the current quarter ending in April, Steel Partners said it expects revenue in the range of $327 million to $343 million.

The company expects full-year revenue in the range of $1.4 billion to $1.5 billion.

Steel Partners shares have decreased 14% since the beginning of the year. The stock has declined 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPLP at https://www.zacks.com/ap/SPLP