SEGMENT INFORMATION

SPLP operates through the following segments: Diversified Industrial, Energy, Financial Services, and Corporate and Other, which are managed separately and offer different products and services. The Diversified Industrial segment is comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services and a packaging business. The Energy segment provides drilling and production services to the oil & gas industry and owns a youth sports business. The Financial Services segment consists primarily of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities. The Corporate and Other segment consists of several consolidated subsidiaries, including Steel Services, equity method and other investments, and cash and cash equivalents. Its income or loss includes certain unallocated general corporate expenses.

Steel Services has management services agreements with our consolidated subsidiaries and other related companies as further discussed in Note 17 - "Related Party Transactions." Steel Services charged the Diversified Industrial, Energy and Financial Services segments approximately $8,712, $1,573 and $850, respectively, for the three months ended March 31, 2020 and $6,102, $2,461 and $969, respectively, for the three months ended March 31, 2019. These service fees are reflected as expenses in the segment income (loss) below, but are eliminated in consolidation.

During the first quarter of 2020, the Company changed the measurement methods used to determine reported segment income or loss by allocating additional expenses from the Corporate and Other segment to the Diversified Industrial, Energy and Financial Services segments. The 2019 financial information has been recast to reflect these changes on a comparable basis. Accordingly, for the three months ended March 31, 2019, the Company allocated additional expenses of $2,692 and $424 to the Diversified Industrial and Energy segments, respectively, and reduced expenses to the Financial Services segment by $206, from the Corporate and Other segment.

In addition, as described in Note 3 - "Discontinued Operations," the Company recast all 2019 financial information associated with API, previously included in the Diversified Industrial segment, to discontinued operations, to reflect these changes on a comparable basis.

Segment information is presented below:



	Three Months Ended March 31,
	2020			2019
Revenue:
Diversified industrial net sales	$	262,300		$	280,921
Energy net revenue	38,602			38,986
Financial services revenue	46,998			35,906
Total revenue	$	347,900		$	355,813
Income (loss) from continuing operations before interest expense and income taxes:
Diversified industrial	$	14,874		$	15,045
Energy	202			(1,755		)
Financial services	4,006			13,232
Corporate and other	(50,655		)	6,447
(Loss) income from continuing operations before interest expense and income taxes	(31,573		)	32,969
Interest expense	8,315			10,205
Income tax (benefit) provision	(3,429		)	3,002
Net (loss) income from continuing operations	$	(36,459	)	$	19,762
Loss (income) of associated companies, net of taxes:
Corporate and other	$	34,507		$	(9,381	)
Total	$	34,507		$	(9,381	)
Segment depreciation and amortization:
Diversified industrial	$	12,267		$	11,654
Energy	3,756			4,445
Financial services	171			98
Corporate and other	41			34
Total depreciation and amortization	$	16,235		$	16,231