INNOVATE Corp. (VATE)

NYSE: VATE · IEX Real-Time Price · USD
1.66
-0.01 (-0.60%)
Aug 17, 2022 4:00 PM EDT - Market closed
-0.60%
Market Cap 130.21M
Revenue (ttm) 1.59B
Net Income (ttm) -245.40M
Shares Out 78.44M
EPS (ttm) -3.31
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 51,514
Open 1.63
Previous Close 1.67
Day's Range 1.61 - 1.67
52-Week Range 1.54 - 4.83
Beta 2.01
Analysts Buy
Price Target n/a
Earnings Date Aug 3, 2022

About VATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. The company also fabricates tru... [Read more...]

Industry Engineering & Construction
IPO Date Nov 7, 1996
CEO Philip Falcone
Employees 3,902
Stock Exchange NYSE
Ticker Symbol VATE
Full Company Profile

Financial Performance

In 2021, INNOVATE's revenue was $1.21 billion, an increase of 68.11% compared to the previous year's $716.90 million. Losses were -$227.50 million, 147.3% more than in 2020.

Financial Statements

Analyst Forecast

No stock price forecast available yet.

Price Target
n/a
Analyst Consensus: Buy
Stock Forecasts

News

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: MediBea...

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 Boar...

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 Wednesday,...

INNOVATE Corp. Announces Appointment of Brian Goldstein to the Board of Directors

NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced the appointment of Brian Goldstein to fill a vacancy on the INNOVATE Board of Direc...

INNOVATE Corp. Announces Directors Michael Gorzynski, Shelly Lombard and Kenneth Courtis Will Not Stand for Re-election

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced that directors Michael Gorzynski, Shelly C. Lombard and Kenneth S. Courtis have inf...

INNOVATE Corp. Announces First Quarter 2022 Results

- Infrastructure: DBM Global delivers record revenue of $402.2 million in the first quarter driven by Banker Steel, large-scale projects and continued momentum - - Life Sciences: R2 has now shipped 100 ...

INNOVATE Corp. Portfolio Company R2 Technologies Announces First Year Commercial Milestone and Clinical Data Presenta...

100 GLACIAL® Devices for Revolutionary Skin Treatment Shipped

INNOVATE Corp. Announces Fourth Quarter and Full Year 2021 Results

- Infrastructure: DBM Global delivers record revenue of $383.4 million in the fourth quarter and maintains backlog level primed for a successful 2022 - - Life Sciences: R2 started shipping Glacial Spa t...

INNOVATE Corp. to Report Fourth Quarter and Full Year 2021 Results on March 9

NEW YORK, Feb. 16, 2022 (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 2021...

INNOVATE Corp. Announces Third Quarter 2021 Results

- Infrastructure: DBM Global maintains backlog of $1.6 billion while converting $383.0 million of revenue in Q3 - - Life Sciences: Glacial Rx ® receives milestone FDA approval - - Spectrum: Broadcasting...

INNOVATE Corp. to Report Third Quarter 2021 Results on November 4

NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2021 on Thursday, N...

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

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...

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...

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...

$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...

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

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

Name Change to INNOVATE Corp. Expected in Q3 2021

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.

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

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...

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...

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...

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...

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% ...