Steel Partners Holdings L.P. (SPLP) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $15.37 million, or $ 0.59 a share in the quarter, against a net profit of $59.87 million, or $2.24 a share in the last year period.

Revenue during the quarter grew 24.75 percent to $318.50 million from $255.31 million in the previous year period. Operating margin for the quarter stood at negative 5.82 percent as compared to a negative 11.06 percent for the previous year period.

Operating loss for the quarter was $18.54 million, compared with an operating loss of $28.23 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $37.24 million compared with $34.70 million in the prior year period. At the same time, adjusted EBITDA margin contracted 190 basis points in the quarter to 11.69 percent from 13.59 percent in the last year period.

"The positive results for the full 2016 year and fourth quarter demonstrate the solid progress being achieved implementing our corporate strategy, including a set of clearly defined industry-leading best practices we call the Steel Business System," said Warren Lichtenstein, executive chairman of Steel Partners. "We will continue on our path of supporting and investing in cost-effective organic growth initiatives, identifying accretive acquisition opportunities and focusing on our business simplification plan as 2017 unfolds."

For the first-quarter 2017, Steel Partners Holdings L.P. forecasts revenue to be in the range of $293 million to $341 million.

For fiscal year 2017, Steel Partners Holdings L.P. forecasts revenue to be in the range of $1,289 million to $1,425 million.