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EXHIBIT 99.1 Steel Partners Holdings Reports Third Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units Third Quarter 2021 Highlights • Revenue totaled $ 392.1 million , an increase of 18.7 % , as compared to the same period in the prior year Net income from continuing operations was $ 22.1 million Net income attributable to common unitholders was $ 22.3 million , or $ 0.92 per diluted common unit Adjusted EBITDA * was $ 72.5 million ; Adjusted EBITDA margin * was 18.5 % Net cash provided by operating activities of continuing operations was $ 43.9 million Adjusted free cash flow * was $ 56.4 million Total debt at quarter - end was $ 263.4 million ; net debt , * which includes , among other items , pension and preferred unit liabilities , and marketable securities and long term investments , totaled $ 278.9 million YTD 2021 Highlights • • Revenue totaled $ 1.1 billion , an increase of 12.5 % , as compared to the same period in the prior year Net income from continuing operations was $ 102.9 million Net income attributable to common unitholders was $ 102.5 million , or $ 3.63 per diluted common unit Adjusted EBITDA * was $ 196.6 million ; Adjusted EBITDA margin * was 18.0 % Net cash provided by operating activities of continuing operations was $ 58.9 million Adjusted free cash flow * totaled $ 110.4 million NEW YORK , N.Y. , November 12 , 2021 - Steel Partners Holdings L.P. ( NYSE : SPLP ) , a diversified global holding company , today announced operating results for the third quarter ended September 30 , 2021 . ( $ in thousands ) Q3 2021 Q3 2020 YTD 2021 YTD 2020 $ 392,113 $ 330,333 Revenue $ 1,093,039 $ 971,916 22,098 34,667 22,300 35,559 72,491 69,285 Net income ( loss ) from continuing operations Net income ( loss ) attributable to common unitholders Adjusted EBITDA * 102,875 ( 1,795 ) 102,491 ( 26,753 ) 196,631 146,657 18.5 % 21.0 % Adjusted EBITDA margin * 18.0 % 15.1 % 5,631 4,546 Purchases of property , plant and equipment 19,556 15,581 56,405 40,583 Adjusted free cash flow * 110,398 135,805 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 businesses delivered outstanding results that continue to be above our pre - pandemic levels of revenue , EBITDA , and cash flow , " said Executive Chairman Warren Lichtenstein . " Our management team is focused on ensuring we have a stable supply chain as well as recruiting and retaining top talent so that we can continue to provide quality products and services to our customers and create value for all our stakeholders . "