Steel Partners Holdings LP
NYSE:SPLP
Income Statement
Earnings Waterfall
Steel Partners Holdings LP
Income Statement
Steel Partners Holdings LP
| Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
16
|
16
|
15
|
15
|
10
|
11
|
11
|
11
|
14
|
16
|
19
|
22
|
27
|
32
|
38
|
45
|
50
|
54
|
56
|
57
|
55
|
53
|
50
|
45
|
41
|
37
|
34
|
31
|
30
|
28
|
26
|
29
|
38
|
52
|
69
|
86
|
99
|
104
|
105
|
103
|
97
|
|
| Revenue |
772
N/A
|
799
+3%
|
823
+3%
|
864
+5%
|
965
+12%
|
997
+3%
|
1 027
+3%
|
1 067
+4%
|
1 164
+9%
|
1 239
+7%
|
1 316
+6%
|
1 354
+3%
|
1 372
+1%
|
1 415
+3%
|
1 491
+5%
|
1 541
+3%
|
1 585
+3%
|
1 574
-1%
|
1 525
-3%
|
1 491
-2%
|
1 455
-2%
|
1 446
-1%
|
1 355
-6%
|
1 314
-3%
|
1 311
0%
|
1 277
-3%
|
1 369
+7%
|
1 430
+5%
|
1 525
+7%
|
1 616
+6%
|
1 671
+3%
|
1 705
+2%
|
1 695
-1%
|
1 735
+2%
|
1 795
+3%
|
1 861
+4%
|
1 905
+2%
|
1 936
+2%
|
1 969
+2%
|
1 997
+1%
|
2 028
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(534)
|
(532)
|
(544)
|
(577)
|
(672)
|
(711)
|
(738)
|
(765)
|
(814)
|
(874)
|
(924)
|
(948)
|
(958)
|
(990)
|
(1 043)
|
(1 080)
|
(1 110)
|
(1 086)
|
(1 040)
|
(992)
|
(952)
|
(934)
|
(878)
|
(862)
|
(860)
|
(853)
|
(907)
|
(939)
|
(1 004)
|
(1 064)
|
(1 102)
|
(1 123)
|
(1 097)
|
(1 090)
|
(1 091)
|
(1 100)
|
(1 103)
|
(1 116)
|
(1 130)
|
(1 142)
|
(1 152)
|
|
| Gross Profit |
238
N/A
|
267
+12%
|
279
+4%
|
288
+3%
|
293
+2%
|
287
-2%
|
289
+1%
|
303
+5%
|
350
+16%
|
366
+5%
|
393
+7%
|
407
+4%
|
414
+2%
|
425
+3%
|
448
+5%
|
461
+3%
|
475
+3%
|
488
+3%
|
486
0%
|
500
+3%
|
503
+1%
|
512
+2%
|
477
-7%
|
452
-5%
|
451
0%
|
424
-6%
|
461
+9%
|
491
+6%
|
521
+6%
|
553
+6%
|
569
+3%
|
582
+2%
|
599
+3%
|
645
+8%
|
704
+9%
|
761
+8%
|
802
+5%
|
821
+2%
|
839
+2%
|
855
+2%
|
875
+2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(165)
|
(178)
|
(177)
|
(182)
|
(174)
|
(177)
|
(191)
|
(216)
|
(271)
|
(301)
|
(322)
|
(332)
|
(344)
|
(344)
|
(356)
|
(365)
|
(363)
|
(365)
|
(383)
|
(377)
|
(376)
|
(386)
|
(378)
|
(331)
|
(308)
|
(245)
|
(232)
|
(256)
|
(274)
|
(320)
|
(351)
|
(370)
|
(403)
|
(437)
|
(470)
|
(532)
|
(549)
|
(563)
|
(567)
|
(550)
|
(551)
|
|
| Selling, General & Administrative |
(176)
|
(187)
|
(191)
|
(203)
|
(230)
|
(232)
|
(245)
|
(261)
|
(282)
|
(312)
|
(326)
|
(333)
|
(338)
|
(336)
|
(345)
|
(354)
|
(353)
|
(347)
|
(356)
|
(343)
|
(335)
|
(328)
|
(303)
|
(294)
|
(291)
|
(280)
|
(283)
|
(296)
|
(304)
|
(321)
|
(348)
|
(361)
|
(383)
|
(412)
|
(448)
|
(479)
|
(505)
|
(525)
|
(529)
|
(541)
|
(547)
|
|
| Other Operating Expenses |
11
|
9
|
14
|
22
|
56
|
55
|
53
|
46
|
12
|
10
|
4
|
1
|
(6)
|
(6)
|
(9)
|
(9)
|
(10)
|
(18)
|
(26)
|
(34)
|
(42)
|
(57)
|
(75)
|
(37)
|
(17)
|
36
|
50
|
40
|
30
|
2
|
(4)
|
(9)
|
(19)
|
(25)
|
(22)
|
(53)
|
(44)
|
(37)
|
(38)
|
(9)
|
(4)
|
|
| Operating Income |
73
N/A
|
89
+22%
|
101
+13%
|
106
+5%
|
119
+12%
|
110
-8%
|
98
-11%
|
87
-11%
|
79
-9%
|
65
-19%
|
71
+10%
|
75
+5%
|
71
-5%
|
81
+15%
|
92
+14%
|
96
+5%
|
112
+16%
|
123
+10%
|
103
-16%
|
123
+19%
|
127
+3%
|
127
0%
|
99
-22%
|
122
+23%
|
143
+17%
|
179
+26%
|
229
+28%
|
235
+3%
|
247
+5%
|
233
-6%
|
218
-6%
|
212
-3%
|
196
-8%
|
208
+6%
|
234
+13%
|
229
-2%
|
254
+11%
|
258
+1%
|
272
+6%
|
305
+12%
|
324
+6%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(17)
|
(18)
|
(15)
|
(18)
|
(8)
|
(9)
|
(12)
|
(13)
|
(15)
|
(16)
|
(18)
|
(21)
|
(28)
|
(47)
|
(65)
|
(96)
|
(113)
|
(102)
|
(55)
|
(3)
|
(8)
|
(26)
|
(68)
|
(92)
|
(16)
|
(17)
|
(1)
|
(21)
|
(54)
|
(56)
|
(58)
|
(36)
|
(3)
|
12
|
(11)
|
(22)
|
(92)
|
(94)
|
(90)
|
(99)
|
(100)
|
|
| Non-Reccuring Items |
(44)
|
(50)
|
(72)
|
(80)
|
(88)
|
(84)
|
(68)
|
(62)
|
(42)
|
(40)
|
(33)
|
(30)
|
(2)
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
(33)
|
(17)
|
(17)
|
0
|
8
|
(2)
|
7
|
7
|
7
|
8
|
(0)
|
85
|
83
|
83
|
83
|
(3)
|
(0)
|
(1)
|
0
|
(0)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
12
N/A
|
22
+82%
|
14
-38%
|
8
-40%
|
23
+185%
|
18
-25%
|
18
+1%
|
13
-29%
|
22
+76%
|
8
-63%
|
20
+141%
|
24
+18%
|
40
+72%
|
34
-17%
|
27
-19%
|
1
-97%
|
(9)
N/A
|
14
N/A
|
40
+195%
|
87
+118%
|
102
+18%
|
83
-18%
|
32
-62%
|
37
+18%
|
125
+237%
|
169
+35%
|
235
+39%
|
221
-6%
|
201
-9%
|
176
-12%
|
245
+39%
|
259
+6%
|
276
+6%
|
302
+10%
|
221
-27%
|
206
-7%
|
161
-22%
|
163
+1%
|
181
+11%
|
204
+13%
|
224
+9%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(20)
|
(26)
|
(22)
|
(25)
|
79
|
83
|
80
|
85
|
(24)
|
(27)
|
(31)
|
(33)
|
(51)
|
(46)
|
(43)
|
(33)
|
(13)
|
(14)
|
(21)
|
(35)
|
(15)
|
(8)
|
8
|
8
|
(38)
|
(55)
|
(92)
|
(85)
|
(84)
|
(77)
|
(81)
|
(84)
|
(74)
|
(81)
|
(26)
|
(16)
|
2
|
5
|
49
|
32
|
53
|
|
| Income from Continuing Operations |
(8)
|
(5)
|
(9)
|
(17)
|
102
|
101
|
98
|
98
|
(2)
|
(19)
|
(11)
|
(9)
|
(11)
|
(12)
|
(16)
|
(32)
|
(22)
|
(1)
|
18
|
52
|
88
|
75
|
39
|
45
|
87
|
114
|
144
|
137
|
117
|
99
|
164
|
175
|
202
|
221
|
195
|
190
|
163
|
169
|
230
|
236
|
277
|
|
| Income to Minority Interest |
5
|
8
|
23
|
33
|
11
|
7
|
5
|
(2)
|
4
|
3
|
(0)
|
(2)
|
(6)
|
(5)
|
(1)
|
3
|
(1)
|
(1)
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(2)
|
(3)
|
(4)
|
(13)
|
(11)
|
(10)
|
|
| Equity Earnings Affiliates |
(2)
|
21
|
16
|
(18)
|
(32)
|
(42)
|
(40)
|
(12)
|
4
|
16
|
14
|
10
|
17
|
13
|
14
|
13
|
(10)
|
(2)
|
(11)
|
(14)
|
(8)
|
(52)
|
(40)
|
(35)
|
(4)
|
57
|
55
|
49
|
16
|
(15)
|
(16)
|
(12)
|
5
|
5
|
(2)
|
(6)
|
(9)
|
(5)
|
(0)
|
3
|
(6)
|
|
| Net Income (Common) |
(8)
N/A
|
84
N/A
|
84
+1%
|
58
-31%
|
137
+135%
|
60
-56%
|
59
-2%
|
82
+39%
|
7
-92%
|
1
-92%
|
3
+420%
|
(1)
N/A
|
0
N/A
|
(5)
N/A
|
(3)
+34%
|
(16)
-397%
|
(33)
-99%
|
(8)
+76%
|
0
N/A
|
3
+1 600%
|
(2)
N/A
|
(78)
-4 788%
|
(101)
-29%
|
(62)
+38%
|
73
N/A
|
185
+155%
|
214
+15%
|
201
-6%
|
131
-34%
|
83
-37%
|
148
+78%
|
162
+9%
|
206
+27%
|
226
+10%
|
193
-15%
|
183
-6%
|
151
-17%
|
160
+6%
|
217
+36%
|
228
+5%
|
262
+15%
|
|
| EPS (Diluted) |
-0.27
N/A
|
3.01
N/A
|
3.04
+1%
|
2.13
-30%
|
4.98
+134%
|
2.27
-54%
|
2.22
-2%
|
3.12
+41%
|
0.25
-92%
|
0.01
-96%
|
0.08
+700%
|
-0.04
N/A
|
0
N/A
|
-0.19
N/A
|
-0.08
+58%
|
-0.63
-688%
|
-1.25
-98%
|
-0.2
+84%
|
0
N/A
|
0.13
N/A
|
-0.06
N/A
|
-3.12
-5 100%
|
-4.02
-29%
|
-1.19
+70%
|
1.41
N/A
|
5.3
+276%
|
7.22
+36%
|
7.23
+0%
|
4.54
-37%
|
3.67
-19%
|
5.45
+49%
|
5.95
+9%
|
7.65
+29%
|
8.87
+16%
|
7.58
-15%
|
7.27
-4%
|
5.94
-18%
|
6.46
+9%
|
8.83
+37%
|
9.51
+8%
|
10.87
+14%
|
|