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EXHIBIT 99.1 Steel Partners Holdings Reports Second Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units Second Quarter 2021 Highlights • Revenue totaled $ 386.4 million , an increase of 31.3 % , as compared to the same period in the prior year Net income from continuing operations was $ 27.4 million Net income attributable to common unitholders was $ 27.2 million , or $ 1.03 per diluted common unit Adjusted EBITDA * increased to $ 74.4 million ; Adjusted EBITDA margin * was 19.2 % Net cash provided by operating activities of continuing operations was $ 7.8 million Adjusted free cash flow * totaled $ 48.5 million Total debt at quarter - end was $ 292.7 million ; net debt , * which includes , among other items , pension and preferred unit liabilities , and marketable securities and long term investments , totaled $ 288.1 million First Half 2021 Highlights • Revenue totaled $ 700.9 million , an increase of 9.2 % , as compared to the same period in the prior year Net income from continuing operations was $ 80.8 million Net income attributable to common unitholders was $ 80.2 million , or $ 2.68 per diluted common unit Adjusted EBITDA * increased to $ 124.1 million ; Adjusted EBITDA margin * was 17.7 % Net cash provided by operating activities of continuing operations was $ 15.0 million Adjusted free cash flow * totaled $ 54.0 million NEW YORK , N.Y. , August 5 , 2021 - Steel Partners Holdings L.P. ( NYSE : SPLP ) , a diversified global holding company , today announced operating results for the second quarter ended June 30 , 2021 . Q2 2020 $ 294,373 Q2 2021 $ 386,433 27,435 17 27,240 ( 1,434 ) 74,364 39,655 19.2 % 13.5 % 9,024 4,041 48,520 92,427 ( $ in thousands ) Revenue Net income ( loss ) from continuing operations Net income ( loss ) attributable to common unitholders Adjusted EBITDA * Adjusted EBITDA margin * Purchases of property , plant and equipment Adjusted free cash flow * YTD 2021 $ 700,926 YTD 2020 $ 641,583 80,777 ( 36,462 ) 80,191 ( 62,312 ) 124,140 77,372 17.7 % 12.1 % 13,925 11,035 53,993 95,222 See reconciliations to the nearest GAAP measure included in the financial tables . See " Note Regarding Use of Non - GAAP Financial Measurements " below for the definition of these non - GAAP measures . " Our business continued to respond well to dynamic market conditions . The Company's second quarter performance has returned to pre - pandemic levels , exceeding 2Q 2019 revenue , net income , and adjusted EBITDA , ” said Executive Chairman Warren Lichtenstein . “ Our team remains agile in its efforts to collectively increase unitholder and all stakeholder value while focusing on delivering high quality products and service levels as safely as possible . " Results of Operations Comparison of the Three and Six Months Ended June 30 , 2021 and 2020 ( unaudited )