INNOVATE Corp. (VATE)

NYSE: VATE · Real-Time Price · USD
5.25
+0.14 (2.74%)
Dec 20, 2024, 4:00 PM EST - Market closed
2.74%
Market Cap 69.62M
Revenue (ttm) 1.23B
Net Income (ttm) -30.60M
Shares Out 13.26M
EPS (ttm) -3.25
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 47,768
Open 5.10
Previous Close 5.11
Day's Range 5.10 - 5.48
52-Week Range 3.25 - 13.00
Beta 2.08
Analysts n/a
Price Target n/a
Earnings Date Nov 6, 2024

About VATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as bui... [Read more]

Sector Industrials
IPO Date Nov 7, 1996
Employees 4,024
Stock Exchange NYSE
Ticker Symbol VATE
Full Company Profile

Financial Performance

In 2023, INNOVATE's revenue was $1.42 billion, a decrease of -13.09% compared to the previous year's $1.64 billion. Losses were -$37.60 million, -7.84% less than in 2022.

Financial Statements

News

INNOVATE Corp. Portfolio Company R2 Technologies Announces Another Record-Breaking Quarter and Partnerships with Woodhouse Spas and Top Skincare Brands

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- R2 Technologies, Inc., the world leader in CryoAesthetics® with its cutting-edge Glacial Skin systems (“R2”), a portfolio company of INNOVATE Corp. (NYSE: V...

4 weeks ago - GlobeNewsWire

INNOVATE Corp. (VATE) Q3 2024 Earnings Call Transcript

INNOVATE Corp. (VATE) Q3 2024 Earnings Call Transcript

6 weeks ago - Seeking Alpha

INNOVATE Corp. Announces Third Quarter 2024 Results

- Infrastructure: DBM Global third quarter revenue of $232.8 million - - Life Sciences: R2 reports record worldwide system unit sales growth in the third quarter - - Spectrum: Broadcasting's delivered...

6 weeks ago - GlobeNewsWire

INNOVATE Corp. to Report Third Quarter 2024 Results on November 6th

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2024 on Wednesday...

2 months ago - GlobeNewsWire

INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it has received a letter from the New York Stock Exchange (“NYSE”) dated Aug...

3 months ago - GlobeNewsWire

INNOVATE Corp. (VATE) Q2 2024 Earnings Call Transcript

INNOVATE Corp. (VATE) Q2 2024 Earnings Call Transcript

4 months ago - Seeking Alpha

INNOVATE Corp. Announces Second Quarter 2024 Results

- Infrastructure: DBM Global achieved second quarter revenue of $305.2 million - - Life Sciences: R2 achieved record Glacial system sales in North America in the second quarter - - Spectrum: Broadcast...

4 months ago - GlobeNewsWire

INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that the Company is amending the effective date fo...

5 months ago - GlobeNewsWire

INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company's Common Stock

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has approved a 1-for-1...

5 months ago - GlobeNewsWire

INNOVATE Corp. to Report Second Quarter 2024 Results on August 7th

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2024 on Wednesda...

5 months ago - GlobeNewsWire

INNOVATE Corp. (VATE) Q1 2024 Earnings Call Transcript

INNOVATE Corp. (NYSE:VATE) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Paul Voigt – Interim Chief Executive Officer Mike Sena – Chief Financial Officer Conference Cal...

8 months ago - Seeking Alpha

INNOVATE Corp. Announces First Quarter 2024 Results

- Infrastructure: DBM Global achieved first quarter revenue of $307.9 million - - Life Sciences: R2 delivered record North America system sales in the first quarter 2024 - - Spectrum: Broadcasting's r...

8 months ago - GlobeNewsWire

INNOVATE Corp. to Report First Quarter 2024 Results on May 7th

NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the first quarter 2024 on Tuesday,...

8 months ago - GlobeNewsWire

INNOVATE Corp. Announces Closing of Rights Offering

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today the closing of its successful rights offering, wh...

8 months ago - GlobeNewsWire

INNOVATE Corp. Announces Preliminary Results of Rights Offering

NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today the preliminary results of its successful rights ...

8 months ago - GlobeNewsWire

INNOVATE Corp. Announces Further Extension of Rights Offering Subscription Period

NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subs...

9 months ago - GlobeNewsWire

INNOVATE Corp. Announces Extension of Rights Offering Subscription Period

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subs...

9 months ago - GlobeNewsWire

INNOVATE Corp. Announces Commencement of Rights Offering

NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that it has commenced its previously announced $1...

10 months ago - GlobeNewsWire

INNOVATE Corp. Announces Rights Offering Pricing

NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that it has approved the pricing for its previous...

10 months ago - GlobeNewsWire

INNOVATE Corp. (VATE) Q4 2023 Earnings Call Transcript

INNOVATE Corp. (NYSE:VATE) Q4 2023 Earnings Conference Call March 4, 2024 4:30 PM ET Company Participants Anthony Rozmus - Investor Relations Paul Voigt - Interim Chief Executive Officer Mike Sena - ...

10 months ago - Seeking Alpha

INNOVATE Corp. Announces Fourth Quarter and Full Year 2023 Results

- Infrastructure: DBM Global achieved fourth quarter revenue of $353.8 million - - Life Sciences: R2 experienced strong North America unit sales in the fourth quarter - - Spectrum: B roadcasting enter...

10 months ago - GlobeNewsWire

INNOVATE Corp. Announces Rights Offering for Common Stock

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors (the “Board”) has appr...

10 months ago - GlobeNewsWire

Glancy Prongay & Murray LLP Announces Investigation of INNOVATE Corp. (VATE)

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of INNOVATE Corp. (NYSE: VATE) concerning the Company and its directors' and officers' possible violations of...

11 months ago - Business Wire

INNOVATE Corp. to Report Fourth Quarter and Full Year 2023 Results on March 4th

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the fourth quarter and full year 20...

11 months ago - GlobeNewsWire

INNOVATE Corp. (VATE) Q3 2023 Earnings Call Transcript

INNOVATE Corp. (NYSE:VATE) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Anthony Rozmus - Investor Relations Avie Glazer - Chairman Paul Voigt - Interim Chief Exec...

1 year ago - Seeking Alpha