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INNOVATE Corp. (VATE)

NYSE: VATE · IEX Real-Time Price · USD
3.77 -0.10 (-2.58%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap293.38M
Revenue (ttm)599.60M
Net Income (ttm)-36.30M
Shares Out77.00M
EPS (ttm)-0.55
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume282,483
Open3.98
Previous Close3.87
Day's Range3.75 - 3.97
52-Week Range2.06 - 4.75
Beta2.21
Analystsn/a
Price Targetn/a
Est. Earnings DateNov 8, 2021

About VATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas. The company models, details, fabricates, and erects structural steel for commercial and industrial, and infrastructure construction projects, including building and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants. It also fabricates trusses and girders; and fabricates and erects water pipes, water storage tanks, pollution control scrubbers...

IndustryTelecom Services
IPO DateNov 7, 1996
CEOPhilip Falcone
Employees2,803
Stock ExchangeNYSE
Ticker SymbolVATE
Full Company Profile

Financial Performance

In 2020, INNOVATE's revenue was $1.01 billion, a decrease of -6.61% compared to the previous year's $1.08 billion. Losses were -$92.00 million, 192.1% more than in 2019.

Financial Statements

News

INNOVATE Corp. Portfolio Company R2 Technologies' Novel Glacial Rx® System Earns Third FDA Indication and Unique Prod...

Product Becomes First and Only Class II Dermal Cooling System FDA-Cleared for Dermabrasion Product Becomes First and Only Class II Dermal Cooling System FDA-Cleared for Dermabrasion

2 weeks ago - GlobeNewsWire

INNOVATE Corp. Completes Name Change from HC2 Holdings, Inc.

NEW YORK, Sept. 20, 2021 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) today announced its successful name change from HC2 Holdings, Inc., which became effective today. T...

3 weeks ago - GlobeNewsWire

HC2 Holdings Adopts Tax Benefits Preservation Plan to Protect Tax Attributes and Stockholder Value

NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) today announced that its Board of Directors (“Board”) has adopted a tax benefits preservation plan de...

1 month ago - GlobeNewsWire

4 Penny Stocks Insiders Are Buying

When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overa...

Other symbols:MUXPHXSLRX
2 months ago - Benzinga

HC2 Holdings Portfolio Company DBM Global Inc. to Pay Cash Dividend

NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC), announced today that its infrastructure business DBM Global Inc. (“DBM”) (OTC: DBMG), a family of co...

2 months ago - GlobeNewsWire

$1.6 billion DBM Backlog Highlights HC2 Holdings Second Quarter 2021 Results

- Infrastructure: DBM Global's backlog increased to $1.6 billion following Banker Steel Acquisition - - Life Sciences: HC2 Increased its Stake in R2 Technologies - - Name Change to INNOVATE Corp Reflect...

2 months ago - GlobeNewsWire

HC2 Holdings Provides $15 Million Series C Investment to Portfolio Company R2 Technologies

Investment to Expand Corporate Footprint and Accelerate Glacial Rx™ Commercialization Investment to Expand Corporate Footprint and Accelerate Glacial Rx™ Commercialization

2 months ago - GlobeNewsWire

HC2 Holdings, Inc. Announces New Name, INNOVATE Corp.

Name Change to INNOVATE Corp. Expected in Q3 2021

3 months ago - GlobeNewsWire

HC2 Holdings (HCHC) Completes Insurance Segment Divestment

The divestment of the Insurance segment fetches HC2 Holdings (HCHC) $65 million in cash, which is part of the total consideration. It will help the company focus on other key businesses.

3 months ago - Zacks Investment Research

HC2 Holdings Completes Sale of Continental Insurance Business for $90 Million

Transaction Further Refines HC2's Strategic Focus and Bolsters Liquidity Position Transaction Further Refines HC2's Strategic Focus and Bolsters Liquidity Position

3 months ago - GlobeNewsWire

HC2 Holdings (HCHC) Unit Buys Banker Steel, Enters Credit Agreement

HC2 Holdings' (HCHC) unit DBM Global's buyout of Banker Steel is anticipated to boost its presence in the U.S. infrastructure market. Also, its credit arrangement will help lower cost of funds and impro...

4 months ago - Zacks Investment Research

Atlas Holdings Completes Sale of Banker Steel

GREENWICH, Conn.--(BUSINESS WIRE)--Atlas Holdings (“Atlas”) announced today that it has closed the previously announced sale of portfolio company Banker Steel to DBM Global Inc. (“DBM Global”), a family...

4 months ago - Business Wire

HC2 Holdings Portfolio Company DBM Global Completes Acquisition of Banker Steel Family of Companies and Enters into N...

NEW YORK, May 27, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) announced today that its infrastructure business DBM Global (“DBM”) has completed its previously annou...

4 months ago - GlobeNewsWire

beIN SPORTS & HC2 Reinforce Partnership as Live OTA Sports Channels Expand to New Markets

MIAMI, May 19, 2021 /PRNewswire/ -- beIN SPORTS announced today that HC2 Broadcasting, the broadcasting subsidiary of HC2 Holdings, Inc. (NYSE: HCHC), is now carrying beIN SPORTS XTRA in a total of 36 t...

4 months ago - PRNewsWire

HC2 Stock Tumbles After Q1 Earnings Miss, Decline In Spectrum Revenue

HC2 Holdings Inc (NYSE: HCHC) reported a first-quarter FY21 revenue decline of 7.9% year-on-year to $171.8 million, missing the analyst consensus of $248.1 million. Infrastructure revenue declined 8.6% ...

5 months ago - Benzinga

HC2 Holdings Reports First Quarter 2021 Results

- Portfolio Coalesces Around Infrastructure, Life Sciences and Spectrum - - Pending Banker Steel Acquisition Adds to DBM Global's Infrastructure Opportunity - - Pending Insurance Disposition Sharpens Fo...

5 months ago - GlobeNewsWire

HC2 Holdings to Report First Quarter 2021 Results on May 7

NEW YORK, April 29, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC), announced today that it will release its financial results for the first quarter 2021 on Friday, Ma...

5 months ago - GlobeNewsWire

HC2 Holdings Portfolio Company R2 Technologies Disrupts the Aesthetics Industry with Launch of Its Groundbreaking Gla...

The first & only treatment powered by cooling technology proven to gently remove age spots The first & only treatment powered by cooling technology proven to gently remove age spots

6 months ago - GlobeNewsWire

HC2 Holdings (HCHC) to Sell Insurance Segment & Solidify Portfolio

HC2 Holdings' (HCHC) divestment of the insurance business will help it ensure financial flexibility and strengthen the balance sheet as well as allow focus on other key businesses.

6 months ago - Zacks Investment Research

HC2 Holdings Enters into Definitive Agreement to Sell Continental Insurance Business to an Affiliate of Michael Gorzy...

Transaction Underscores HC2's Commitment to Streamlining Portfolio and Enhancing Capital Structure Transaction Underscores HC2's Commitment to Streamlining Portfolio and Enhancing Capital Structure

6 months ago - GlobeNewsWire

HC2 Holdings: Q4 Earnings Insights

Shares of HC2 Holdings (NYSE:HCHC) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 108.11% over the past year to ($0.03), which be...

7 months ago - Benzinga

HC2 Holdings Reports Fourth Quarter and Full Year 2020 Results

- Fourth Quarter 2020 Consolidated Net Revenue of $251.8 Million - - Strategic Focus Sharpened on Growth in Infrastructure, Life Sciences and Spectrum - - Capital Structure Enhanced Through Rights Offer...

7 months ago - GlobeNewsWire

Earnings Preview: HC2 Holdings (HCHC) Q4 Earnings Expected to Decline

HC2 Holdings (HCHC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

HC2 Holdings Portfolio Company R2 Technologies Receives Final Tranche of $30 Million Investment

Investment to Fund Launch of First-to-Market Glacial Rx™ and Glacial Spa™ Aesthetic Skin Treatments Investment to Fund Launch of First-to-Market Glacial Rx™ and Glacial Spa™ Aesthetic Skin Treatments

8 months ago - GlobeNewsWire

HC2 Holdings Simplification Process Could Lead To Rerate

There's been a changing of the guard at HC2 Holdings. This mini-conglomerate contains several interesting undervalued assets.

8 months ago - Seeking Alpha