Steel Partners Holdings Reports Third Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units
Retrieved on:
Thursday, November 9, 2023
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SG&A for the nine months ended September 30, 2023 increased $95,653, or 34.1%, as compared to the same period last year.
Key Points:
- SG&A for the nine months ended September 30, 2023 increased $95,653, or 34.1%, as compared to the same period last year.
- The Company's effective tax rate was (1.4)% and 29.4% for the nine months ended September 30, 2023 and 2022, respectively.
- The fluctuations for these periods were primarily due to the changes in fair value of the Company's investment in Steel Connect.
- As of September 30, 2023, there were approximately 969,632 common units that may yet be purchased under the Repurchase Program.