Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Steel Partners Holdings L.P. Reports Third Quarter Financial Results

NEW YORK, Nov. 14, 2012 /PRNewswire/ -- Steel Partners Holdings L.P. (NYSE: SPLP) ("SPLP" or the "Company"), a global, diversified holding company, today announced operating results for the third quarter and nine months ended September 30, 2012. They are summarized in the following paragraphs. For a full discussion of the operating results, please read the Company's Form 10-Q, which can be found at www.steelpartners.com.

SPLP reported revenue of $204.5 million for the quarter, as compared to $172.4 million for the same period of 2011.  Income before taxes and equity method investments was $10.6 million in the third quarter of 2012, as compared to $12.5 million in 2011.  Net income attributable to the Company's common unitholders for the third quarter of 2012 was $3.5 million, or $0.11 per diluted common unit, as compared to net loss of $12.4 million, or $0.75 per diluted common unit, for the same period in 2011.

For the nine months ended September 30, 2012 revenues were $612.0 million, as compared to $544.6 million for the same period in 2011. Income before taxes and equity method investments was $40.4 million for the nine months of 2012, as compared to $38.9 million in 2011.  Net income attributable to the Company's common unitholders for the nine months ended September 30, 2012 was $39.2 million, or $1.33 per diluted common unit, as compared to $12.7 million, or $0.21 per diluted common unit, for the same period of 2011.

Financial Summary ($000s)       






Three Months Ended


Nine Months Ended


September 30,


September 30,


2012


2011


2012


2011













Revenues

$

204,496


$

172,362


$

612,001


$

544,636

Costs and Expenses

193,926


159,824


571,583


505,697

Income before taxes and equity method investments

10,570


12,538


40,418


38,939

Income tax (provision) benefit

(2,973)


(2,192)


(21,636)


2,091

(Loss) Income of associated companies, net of taxes

(3,235)


(14,755)


25,384


86

Income (Loss) from other investments - related party

586


(2,666)


(8,424)


(11,855)

Income (loss) from investments held at fair value

3,887


(519)


12,865


(2,075)

Net income (loss) from continuing operations

8,835


(7,594)


48,607


27,186

Income (Loss) from discontinued operations

234


(242)


3,597


1,605

Net income (loss)

9,069


(7,836)


52,204


28,791

Income attributable to noncontrolling interests

(5,582)


(4,553)


(12,984)


(16,094)

Net income (loss) attributable to common unit holders

$

3,487


$

(12,389)


$

39,220


$

12,697









Net income (loss) per common unit - basic

$

0.11


$

(0.50)


$

1.33


$

0.50

Net income (loss) per common unit - diluted

$

0.11


$

(0.75)


$

1.33


$

0.21

 

Segment Results






Three Months Ended


Nine Months Ended


September 30,


September 30,


2012


2011


2012


2011

Revenue:












Diversified industrial

$

199,713


$

187,915


$

582,688


$

542,068

Financial services

5,384


3,862


13,519


10,199

Corporate

(601)


(19,415)


15,794


(7,631)

Total

$

204,496


$

172,362


$

612,001


$

544,636

Income (loss) from continuing operations before income taxes:








Diversified industrial

$

19,307


$

14,985


$

66,929


$

50,776

Financial services

3,229


2,017


7,595


4,432

Corporate

(10,728)


(22,404)


(4,281)


(30,113)

Income from continuing operations before income taxes

11,808


(5,402)


70,243


25,095

Income tax (provision) benefit

(2,973)


(2,192)


(21,636)


2,091

Net income (loss) from continuing operations

$

8,835


$

(7,594)


$

48,607


$

27,186

(Loss) Income from equity method investments:








Diversified industrial

$

1,684


$

(788)


$

11,841


$

10,641

Corporate

(4,333)


(16,633)


5,119


(22,410)

Total

$

(2,649)


$

(17,421)


$

16,960


$

(11,769)

 

Our Company
SPLP is a global diversified holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests.  It owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, banking, food products and services, oilfield services, sports, training, education, and the entertainment and lifestyle industries.

Forward-Looking Statements
This press release may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect SPLP's current expectations and projections about its future results, performance, prospects and opportunities.  Forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties and other factors that could cause its actual results, performance, prospects or opportunities in 2012 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements.  These factors include, without limitation, SPLP's subsidiaries need for additional financing and the terms and conditions of any financing that is consummated, their customers' acceptance of its new and existing products, the risk that the Company and its subsidiaries will not be able to compete successfully, and the possible volatility of the Company's unit price and the potential fluctuation in its operating results.  Although SPLP believes that the expectations reflected in its forward-looking statements are reasonable and achievable, any such statements involve significant risks and uncertainties and no assurance can be given that the actual results will be consistent with the forward-looking statements.  Investors should read carefully the factors described in the "Risk Factors" section of the Company's filings with the SEC, including the Company's Form 10-K for the year ended December 31, 2011 for information regarding risk factors that could affect the Company's results.  Except as otherwise required by federal securities laws, SPLP undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

SOURCE Steel Partners Holdings L.P.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest AJAXWorld RIA Stories
One of the most appealing benefits of cloud deployment is the ease of use and the flexibility of adding or removing compute capacity. You can dynamically allocate resources based on the changing workloads, which give you the flexibility in managing your compute cost. AWS Auto Sc...
At the beginning of the book the authors say they created this book to be used in a classroom setting. I agree that it is a great book for the classroom, but I would also recommend it to anyone who wants to learn about the current Agile methodologies. It does what the title of th...
As an enterprise and software architect the one thing I hate most about my job is documentation, yet the importance of doing documentation on sizable projects is what I find myself preaching about the most. One reason I understand the importance of documentation is that I came f...
The premiere issue of the Internet of @ThingsExpo Newsletter contains highlights of the hottest sessions and speakers from Internet of @ThingsExpo, Call for Papers information, and sponsorship opportunities.
“At Cloud Expo in NYC last week I sat in on the Internet of Things power panel and then presented about how to monetize the Internet of Things. The room was packed, standing room only and I stuck around for a full 30 minutes afterwards answering questions before I had to tear mys...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE