VATE
Industrials

INNOVATE Corp.

VATE
Since

Headquarters:

NY, United States

Exchange:

NYSE

Industry:

Engineering & Construction

Number of Employees:

3.95K

Current Fiscal Year:

2024

Market Cap:

87.79M

Price per Share:

$6.62

Quarterly Dividend per Share:

Year-to-date Performance:
32.4000%
Dividend Yield:
1.48%
Price-to-book Ratio:
-0.54
Trailing P/E Ratio:
N/A

Price History

Latest Prices

DateOpenHighLowClose
2025-04-306.576.86.3156.62
2025-04-296.886.886.596.66
2025-04-286.626.886.42676.83
2025-04-256.396.716.396.63
2025-04-245.936.395.96.39

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 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. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services including maintenance, repair, and installation; and manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and customized products. The Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States; and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

Financial Performance

2024 Revenue:1.23B

Detailed view of quarterly revenue

2024 Net Income:-27.30M

Detailed view of quarterly net income

2024 Free Cash Flow:12.60M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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