Steel Connect

Steel Connect, Inc. is a holding company, which engages in the provision of an end-to-end global supply chain solutions and e-commerce services. Its product aims to improve their clients’ global supply chain, speed to market, product customization, flexibility, cost, quality and service. The company was founded in 1986 and is headquartered in Smyrna, TN.

Earnings data Q3 2021

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Steel Connect, Inc. is a holding company, which engages in end-to-end global supply chain solutions and e-commerce services. Its product aims to improve their clients' global supply chain, speed to market, product customization, flexibility, cost, quality, and service. The company was founded in 1986 and is headquartered in New York, NY.

Steel Partners Hlds

Steel Partners Holdings LP (NYSE: SPLP) agreed to acquire the remaining shares of Steel Connect, Inc (NASDAQ: STCN) for $1.35 per share in cash and earn-out consideration. Steel Connect shares closed at $1.21 on June 10.

Here's Why Steel Connect Shares Are Up Premarket

NEW YORK & SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that they have signed a definitive merger agreement pursuant to which Steel Partners will acquire the remaining common stock of Steel Connect issued and outstanding immediately prior to the effective time of the merger. The holders of Steel Connect's outstanding shares of common stoc

Steel Partners and Steel Connect Enter into Definitive Merger Agreement

Steel Partners and Steel Connect Enter Into Definitive Merger Agreement

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its second quarter ended January 31, 2022. "Despite the progress that was being made to improve the IWCO Direct business, Steel Connect was unable to identify alternatives to refinance the IWCO Direct debt and given the magnitude of the debt relative to IWCO Direct's performance, the board of directors determined it was in the best interests of the shareholders to dispose of

Steel Connect Reports Second Quarter Fiscal 2022 Financial Results

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (“Steel Connect”) (NASDAQ: STCN) today announced the full disposition of its wholly owned subsidiary, IWCO Direct Holdings, Inc. (“IWCO”), to an investor group led by affiliates of Cerberus Capital Management, L.P. (“Cerberus”), IWCO's senior secured lender. Beginning in the second quarter of 2020, with the shutdown of the U.S. economy due to the COVID-19 pandemic, IWCO's business was significantly and adversely affected by a material reductio

Steel Connect Announces Disposition of IWCO

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its first quarter ended October 31, 2021. “During the first quarter, we felt the negative effects of reduced volumes in the direct marketing business and the global semiconductor shortages in our supply chain business,” said Interim Chief Executive Officer and Executive Chairman Warren Lichtenstein. “We are continuing to implement the Competitive Improvement Plan in the direc

Steel Connect Reports First Quarter Financial Results

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its fourth quarter and fiscal year ended July 31, 2021. “In the Direct Marketing segment, we are implementing our previously announced Competitive Improvement Plan which will allow us to expand services, improve production, and reduce overall production costs,” said Interim Chief Executive Officer and Executive Chairman Warren Lichtenstein. “In the Supply Chain business, we a

Steel Connect Reports Fourth Quarter Financial Results

The strategic alternatives process is likely nearing conclusion, with potential tender offer for 100% of Steel Connect. Sale of Steel Connect's businesses (IWCO Direct and ModusLink) and monetization of the company's valuable $2 billion in tax assets (NOLs) could unlock $6.00+ per share in value.

Steel Connect: The $2 Billion King Of NOLs

The value of Steel Connect's ongoing businesses and substantial NOLs outstanding was detailed in February and March 2021 by Hillandale Advisors. The undefined takeover offer from Steel Partners continues to remain outstanding despite over five months of employing an M&A advisor.

Steel Connect: The Takeover Marches On

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its third quarter ended April 30, 2021. “As we emerge from the pandemic, we remain focused on our highest-return priorities to generate long-term value for all stakeholders,” said Interim Chief Executive Officer and Executive Chairman Warren Lichtenstein. “The Special Committee of the Board of Directors is still evaluating Steel Partners' proposal to purchase all outstanding

Steel Connect Reports Third Quarter Financial Results

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect Inc. (NASDAQ: STCN) today announced Jason Wong's appointment as Chief Financial Officer, replacing Doug Woodworth. Wong was most recently with Tiffany & Co. where he was Vice President – Treasurer & Investor Relations. Prior to Tiffany & Co., Wong was with Newell Brands Inc./Jarden Corp. as the Chief Administrative Officer for Europe. He holds an MBA from Columbia University, a Bachelor of Science in Economics and a Bachelor of Arts in B

Steel Connect Announces Jason Wong Named as Chief Financial Officer

Investment bank Houlihan Lokey is in its 11th week advising STCN's Special Committee on Steel Partners' offer to buy 100% of STCN.

Steel Connect: 3 Paths Forward To $4+ Per Share

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its second quarter ended January 31, 2021.     Three Months Ended January 31,   Six Months Ended January 31,     2021   2020   2021   2020     (in thousands) Net revenue   $ 156,047     $ 215,452     $ 325,981     $ 440,605   Net (loss) income     (2,196 )     (3,557 )     (5,747 )     1,235   Net (loss) income attributable to common stockholders     (2,726 )     (4,088 )

Steel Connect Reports Second Quarter Financial Results

Steel Connect is a $120mm market cap special situation, with activist investors awaiting the company's strategic review. STCN has $2.00-3.00 per share of hidden value in the company's $2.1 billion of net operating losses (NOLs).

Steel Connect - Activist, Catalyst And NOL-Rich Small Cap At 54% FCF Yield, Worth $6.00+/Share

NEW YORK--(BUSINESS WIRE)--Steel Connect Inc. (NASDAQ: STCN) ("Steel Connect" or the "Company") today released a letter from Executive Chairman Warren Lichtenstein on the passing of Tommy Lasorda. January 19, 2021 Yesterday was Martin Luther King Jr. Day. Tomorrow is the Presidential Inauguration. Today we celebrate the life of Thomas Charles Lasorda. When the late Tony Bergamo said he was bringing “Uncle Tommy” to dinner 12 years ago, it changed the course of my life. He became a best friend,

Steel Partners Holdings Releases Letter From Executive Chairman Warren Lichtenstein on Passing of Tommy Lasorda

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the “Company”) (NASDAQ: STCN) announced today that its Special Committee of independent directors (the “Special Committee”) has retained Houlihan Lokey as its financial advisor and Dentons US LLP as its legal counsel to assist it in connection with its review and evaluation of the previously announced preliminary non-binding expression of interest (the “Expression of Interest”) that the Company's board of directors (the “Board”) received on N

Special Committee of the Board of Directors of Steel Connect, Inc. Retains Financial Advisor and Legal Counsel

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 5 years and analyze what the smart money thinks of Steel Connect, Inc. (NASDAQ:STCN) based on that data.

Where Do Hedge Funds Stand On Steel Connect, Inc. (STCN)?

WALTHAM, Mass.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced the appointment of Renata Simril to the Company's Board of Directors effective October 23, 2020. “We are pleased to welcome Renata as a new independent director to the Steel Connect board,” said Warren Lichtenstein, Executive Chairman and Interim CEO of Steel Connect. “Renata's skills and experience are well suited to drive value creation. We are confident she will provide valuable perspectives a

Steel Connect Announces New Board Member Renata Simril

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