INNOVATE Corp. (VATE)

NYSE: VATE · IEX Real-Time Price · USD
0.723
-0.067 (-8.44%)
At close: Mar 4, 2024, 4:00 PM
0.835
+0.112 (15.43%)
After-hours: Mar 4, 2024, 7:24 PM EST
-8.44%
Market Cap 62.60M
Revenue (ttm) 1.47B
Net Income (ttm) -35.00M
Shares Out 79.24M
EPS (ttm) -0.44
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 339,646
Open 0.810
Previous Close 0.790
Day's Range 0.723 - 0.850
52-Week Range 0.690 - 3.530
Beta 2.15
Analysts n/a
Price Target n/a
Earnings Date Mar 4, 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 3,565
Stock Exchange NYSE
Ticker Symbol VATE
Full Company Profile

Financial Performance

In 2022, INNOVATE's revenue was $1.64 billion, an increase of 35.85% compared to the previous year's $1.21 billion. Losses were -$40.80 million, -82.24% less than in 2021.

Financial Statements

News

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...

4 hours 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...

7 days 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...

18 days 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...

21 days ago - GlobeNewsWire

INNOVATE Corp. Announces Third Quarter 2023 Results

- Infrastructure: DBM Global achieved third quarter revenue of $369.3 million and once again delivered gross margin expansion versus prior year -

4 months ago - GlobeNewsWire

INNOVATE Corp. to Report Third Quarter 2023 Results on November 9th

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2023 on Thursday,...

4 months ago - GlobeNewsWire

INNOVATE Corp. Announces Date Change for Second Quarter 2023 Earnings Call

NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”), today announced a change to its second quarter 2023 earnings results and conference call date. Th...

7 months ago - GlobeNewsWire

INNOVATE Corp. Names Paul K. Voigt Interim CEO

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) today announced that the Board has named Paul K. Voigt Interim Chief Executive Officer, effective ...

7 months ago - GlobeNewsWire

INNOVATE Corp. Announces the Untimely Passing of CEO Wayne Barr

NEW YORK, July 23, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) today announced that Wayne Barr, President, Chief Executive Officer and Director, passed away unex...

8 months ago - GlobeNewsWire

INNOVATE Corp. to Report Second Quarter 2023 Results on August 8th

NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2023 on Tuesday,...

8 months ago - GlobeNewsWire

Top 5 Industrials Stocks Which Could Rescue Your Portfolio This Month - Ducommun (NYSE:DCO), DLH Hldgs (NASDAQ:DLHC)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: DCODLHCGNKGOGL
9 months ago - Benzinga

MediBeacon Inc. Appoints Dr. Steve Miller as Chief Medical Officer

MediBeacon expands management team as enrollment in Phase 3 study focused on kidney disease is completed ST. LOUIS , May 16, 2023 /PRNewswire/ -- MediBeacon Inc., a portfolio company within the Pansen...

10 months ago - PRNewsWire

INNOVATE Corp. Announces First Quarter 2023 Results

- Infrastructure: DBM Global delivered first quarter revenue of $311.7 million - - Life Sciences: R2 Technologies receives expanded FDA clearances - - Spectrum: Broadcasting's station revenues increas...

10 months ago - GlobeNewsWire

INNOVATE Corp. Announces Date Change for First Quarter 2023 Earnings Call

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”), today announced a change to its first quarter 2023 earnings results and conference call date. The ...

10 months ago - GlobeNewsWire

INNOVATE Corp. to Report First Quarter 2023 Results on May 2

NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the first quarter 2023 on Tuesday,...

11 months ago - GlobeNewsWire

INNOVATE Corp. Adopts Tax Benefit Preservation Plan

NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or “the Company”) (NYSE: VATE), today announced that its Board of Directors voted to adopt a Tax Benefits Preservation Plan (the...

1 year ago - GlobeNewsWire

INNOVATE Corp. Announces Fourth Quarter and Full Year 2022 Results

- Infrastructure: DBM Global finishes year strong; achieves 37% revenue growth for 2022 - - Life Sciences: MediBeacon completed enrollment of both U.S. and China Pivotal Studies - - Spectrum: Broadcas...

1 year ago - GlobeNewsWire

INNOVATE Corp. Completes Sale of Remaining Equity Stake in HMN International

NEW YORK, March 07, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE), today announced that it has closed the sale of the remaining 19% interest in HMN International Co. Ltd., formerly known as Hua...

1 year ago - GlobeNewsWire

INNOVATE Corp. to Report Fourth Quarter and Full Year 2022 Results on March 8

NEW YORK, Feb. 16, 2023 (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...

1 year ago - GlobeNewsWire

MediBeacon Receives $10 Million in Amended Agreements with Huadong Medicine to Accelerate Development of Transdermal GFR Measurement System

MediBeacon approaching completion of Phase 3 study focused on kidney disease; Has submitted three of five required PMA modules needed for FDA approval ST. LOUIS , Nov. 16, 2022 /PRNewswire/ -- MediBea...

1 year ago - PRNewsWire

INNOVATE Corp. to Report Third Quarter 2022 Results on November 2

NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2022 on Wednesday...

1 year ago - GlobeNewsWire

Charah Solns (NYSE:CHRA), Barnwell Industries (AMEX:BRN) – Barnwell Industries And 3 Other Penny Stocks Insiders Are Aggressively Buying

The Nasdaq Composite dipped by more than 600 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Other symbols: BRNESOA
1 year ago - Benzinga

INNOVATE Corp. Announces Second Quarter 2022 Results

- Infrastructure: DBM Global delivers revenue of $382.1 million in the second quarter driven by continued strength at Banker Steel and robust demand in the construction market - - Life Sciences: MediB...

1 year ago - GlobeNewsWire

INNOVATE Corp. Announces Appointment of Amy Wilkinson to the Board of Directors

NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced the appointment of Amy Wilkinson to fill the remaining vacancy on the INNOVATE Bo...

1 year ago - GlobeNewsWire

INNOVATE Corp. to Report Second Quarter 2022 Results on August 3

NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2022 on Wednesda...

1 year ago - GlobeNewsWire