NYSE : VATE

INNOVATE Corp.

$12.11 USD

$4.7 (63.43%)

Volume
14.21M
Average Volume
90.09K
Market Capitalization
$165.2M
P/E Ratio
-6.58
Dividend Yield
6.44%
Price Target
Year High
$21.30
Year Low
$3.75
Day High
—
Day Low
—
Payout Ratio
-$0.10
Current Ratio
$0.05
Company Overview

NYSE

Paul Kenneth Voigt

Engineering & Construction

Industrials

VATE

3663

US

USD

https://www.innovatecorp.com

212 235 2690

45784J303

0001006837

Liquidity Metrics

3.11

0.05

0.05

0.02

-0.10

Sales & Valuation

$1.25B

0.11

4.74

1.16

10.62

Profitability

-$4.84

-$60.6M

-1.48%

-0.97%

13.42%

-12.80%

P/E Metrics

-6.58

-0.06

-0.06

Analyst Price Target & Rating

Strong Sell

1/5

0 Analysts

%

Financial Health Scores

10.19

5/9

-$113.2M

$175M

$140.8M

$84.8M

Key Metrics (TTM)

$269.7M

0.18

2.43

0.05

13.42%

41.71%

-13.83%

85.95%

0 days

Company Executives
Name Title
Anthony Rozmus Investor Relations Officer
Paul Kenneth Voigt Interim Chief Executive Officer
Michael J. Sena Chief Financial Officer, Treasurer & Corporate Secretary
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About INNOVATE Corp. (NYSE:VATE) Stock

INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. ... INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

INNOVATE Q2 Earnings Call Highlights

2026-08-09 10:05:32

INNOVATE NYSE: VATE reported second-quarter 2026 revenue of $421.6 million, up 74.2% from $242 million a year earlier, as its Infrastructure segment delivered record revenue, wider margins and backlog growth. The company posted net income attributable to common and participating preferred stockholders of $10.4 million, or $0.71 per fully diluted share, compared with a net loss of $22 million, or $1.67 per fully diluted share, in the prior-year quarter.

INNOVATE Corp. (VATE) Q2 2026 Earnings Call Prepared Remarks Transcript

2026-08-07 00:14:20

INNOVATE Corp. (VATE) Q2 2026 Earnings Call Prepared Remarks Transcript

INNOVATE Corp. to Report Second Quarter 2026 Results on August 6th

2026-08-03 16:05:00

NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- INNOVATE CORP.® (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2026 on Thursday, August 6, 2026, after market close.

INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend

2026-07-08 16:12:00

NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- INNOVATE CORP.® (NYSE:VATE) (“INNOVATE” or the “Company”) announced today that DBM Global Inc. (“DBMG”), a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE, will pay a cash dividend of approximately $12 million, or $3.12 per share, on August 3, 2026 to DBMG's stockholders of record at the close of business on July 20, 2026. As the largest stockholder of DBMG, INNOVATE expects to receive approximately $11 million of the total $12 million dividend payout. INNOVATE's individual stockholders are not eligible to receive the cash dividend.

INNOVATE Announces Successful Closing of Broadcasting Refinancing and Agrees to Partial Sale of Broadcasting

2026-06-01 08:30:00

NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that HC2 Broadcasting Holdings Inc. (“Broadcasting”) closed on a refinancing transaction and that Broadcasting and HC2 Broadcasting Holdco, LLC (“HC2 Holdco”), subsidiaries of INNOVATE, have entered into a definitive agreement pursuant to which INNOVATE will sell a controlling interest in Broadcasting to CONX CORP. (“CONX”), subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals. After the closing of the transaction, it is expected that CONX will own approximately 75% of Broadcasting and INNOVATE will own approximately 25% of Broadcasting through HC2 Holdco.

INNOVATE Q1 Loss Narrows Y/Y on Infrastructure, AI Project Demand

2026-05-27 10:40:43

VATE's Q1 revenues jump 33% as AI-driven infrastructure demand boosts DBM Global, offsetting weakness in Spectrum and Life Sciences.

INNOVATE Q1 Earnings Call Highlights

2026-05-15 13:07:35

INNOVATE NYSE: VATE reported higher first-quarter revenue and a narrower loss as growth in its infrastructure business offset weaker results in its Life Sciences and Spectrum segments, management said on the company's first-quarter 2026 earnings call.

INNOVATE Corp. (VATE) Q1 2026 Earnings Call Prepared Remarks Transcript

2026-05-14 18:10:56

INNOVATE Corp. (VATE) Q1 2026 Earnings Call Prepared Remarks Transcript

Frequently Asked Questions

What is the current INNOVATE Corp. (VATE) stock price?

INNOVATE Corp.(NYSE:VATE) stock price is $12.11 in the last trading session. During the trading session, VATE stock reached the peak price of $21.3 while $3.75 was the lowest point it dropped to. The percentage change in VATE stock occurred in the recent session was 63.43% while the dollar amount for the price change in VATE stock was $4.7.

VATE's industry and sector of operation?

The NYSE listed VATE is part of Engineering & Construction industry that operates in the broader Industrials sector.

Who are the executives of VATE?

Anthony Rozmus | Investor Relations Officer
Paul Kenneth Voigt | Interim Chief Executive Officer
Michael J. Sena | Chief Financial Officer, Treasurer & Corporate Secretary
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How many employees does VATE have?

Number of VATE employees currently stands at 3663. VATE operates from 295 Madison Avenue, New York City, NY 10017, US.

Link for VATE official website?

Official Website of VATE is: https://www.innovatecorp.com

How do I contact VATE?

VATE could be contacted at phone #212 235 2690 and can also be accessed through its website. VATE operates from 295 Madison Avenue, New York City, NY 10017, US.

How many shares of VATE are traded daily?

The average number of VATE shares traded daily for last 3 months was 90.09K.

What is the market cap of VATE currently?

The market value of VATE currently stands at $165.2M with its latest stock price at $12.11