INNOVATE logo

INNOVATENYSE: VATE

Profile

Country:

United States

IPO:

13 July 2009

Next earnings report:

06 November 2024

Last dividends:

28 August 2013

Next dividends:

N/A
$77.27 M
-78%vs. 3y high
22%vs. sector
-vs. 3y high
-vs. sector
-108%vs. 3y high
5%vs. sector
-83%vs. 3y high
2%vs. sector

Price

regular market | Fri, 01 Nov 2024 13:30:00 GMT
$5.92+$0.12(+2.07%)

Dividend

No data over the past 3 years
$313.10 M$14.40 M

Analysts recommendations

Institutional Ownership

VATE Latest News

INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement
globenewswire.com03 September 2024 Sentiment: POSITIVE

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 August 27, 2024 (the “Compliance Notice”), notifying the Company that it is no longer considered below the NYSE's continued listing criterion of a minimum average share price of US $1.00 over a 30 trading-day period (the "NYSE Minimum Price Requirement").

INNOVATE Corp. Announces Second Quarter 2024 Results
globenewswire.com07 August 2024 Sentiment: POSITIVE

- 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: Broadcasting's growth driven by launch of new networks and cost-cutting efforts -

INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024
globenewswire.com29 July 2024 Sentiment: NEUTRAL

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 for its 1-for-10 reverse stock split of the Company's common stock, par value $0.001 per share (the “Common Stock”). The reverse stock split will become effective at 5:00 p.m. Eastern Time on August 8, 2024, after close of trading on the New York Stock Exchange. Previously, the Company planned for the reverse stock split to become effective on August 2, 2024. The Company's Common Stock is expected to begin trading on a split-adjusted basis when the markets open on August 9, 2024, under the existing trading symbol “VATE”.

INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company's Common Stock
globenewswire.com19 July 2024 Sentiment: POSITIVE

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-10 reverse stock split of the Company's common stock, par value $0.001 per share (the “Common Stock”). The reverse stock split will become effective at 5:00 p.m. Eastern Time on August 2, 2024, after close of trading on the New York Stock Exchange (“NYSE”). The Company's Common Stock is expected to commence trading on a split-adjusted basis when the markets open on August 5, 2024, under the existing trading symbol “VATE.”

INNOVATE Corp. to Report Second Quarter 2024 Results on August 7th
globenewswire.com17 July 2024 Sentiment: POSITIVE

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 Wednesday, August 7, 2024, after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

INNOVATE Corp. (VATE) Q4 2023 Earnings Call Transcript
Seeking Alpha04 March 2024 Sentiment: NEUTRAL

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 - Chief Financial Officer Operator Good afternoon, and welcome to INNOVATE Corp.'s Fourth Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

INNOVATE Corp. (VATE) Q3 2023 Earnings Call Transcript
Seeking Alpha09 November 2023 Sentiment: POSITIVE

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 Executive Officer Michael Sena - Chief Financial Officer Conference Call Participants Brian Charles - R.W. Pressprich Operator Good afternoon and welcome to INNOVATE Corp's Third Quarter 2023 Earnings Conference Call.

INNOVATE Corp. Announces Date Change for Second Quarter 2023 Earnings Call
GlobeNewsWire28 July 2023 Sentiment: POSITIVE

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. The Company will now report its second quarter 2023 financial results after market close on Wednesday, August 9, 2023. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation
Seeking Alpha05 July 2023 Sentiment: POSITIVE

Innovate Corp. has announced new projects in the infrastructure and construction segment and plans to launch Glacial AI, a robotic cooling device. The company has recently sold assets and repurchased preferred stock, potentially improving its balance sheet. Despite risks from high debt, inflation, and failed M&A strategies, VATE stock appears undervalued.

INNOVATE Corp. (VATE) Q1 2023 Earnings Call Transcript
Seeking Alpha10 May 2023 Sentiment: POSITIVE

INNOVATE Corp. (NYSE:VATE ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Anthony Rozmus - IR Avi Glazer - Chairman Wayne Barr - CEO Michael Sena - CFO Conference Call Participants Brian Charles - RW Pressprich Andrew White - Nut Tree Capital Operator Good afternoon, and welcome to INNOVATE Corp.'s First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

What type of business is INNOVATE?

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.

What sector is INNOVATE in?

INNOVATE is in the Industrials sector

What industry is INNOVATE in?

INNOVATE is in the Engineering & Construction industry

What country is INNOVATE from?

INNOVATE is headquartered in United States

When did INNOVATE go public?

INNOVATE initial public offering (IPO) was on 13 July 2009

What is INNOVATE website?

https://www.innovatecorp.com

Is INNOVATE in the S&P 500?

No, INNOVATE is not included in the S&P 500 index

Is INNOVATE in the NASDAQ 100?

No, INNOVATE is not included in the NASDAQ 100 index

Is INNOVATE in the Dow Jones?

No, INNOVATE is not included in the Dow Jones index

When was INNOVATE the previous earnings report?

No data

When does INNOVATE earnings report?

The next expected earnings date for INNOVATE is 06 November 2024