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Innovate Corp

Industrials US VATE

18.13USD
-0.07(0.38%)

Last update at 2026-06-23T20:00:00Z

Day Range

15.8518.75
LowHigh

52 Week Range

0.973.53
LowHigh

Fundamentals

  • Previous Close 18.20
  • Market Cap86.37M
  • Volume60254
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA63.20M
  • Revenue TTM1471.30M
  • Revenue Per Share TTM18.89
  • Gross Profit TTM 221.40M
  • Diluted EPS TTM-0.44

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -41.10000M -80.70000M -27.80000M -37.10000M 182.30M
Minority interest 6.10M 8.70M 45.70M 105.10M 113.60M
Net income -42.00000M -86.30000M -38.30000M -16.80000M 162.00M
Selling general administrative 180.10M 168.30M 181.10M 190.10M 218.40M
Selling and marketing expenses - - - - -
Gross profit 221.40M 183.70M 167.30M 279.30M 194.20M
Reconciled depreciation 42.20M 37.60M 5.90M 41.10M 38.70M
Ebit 13.40M -9.10000M 77.70M 95.80M 38.30M
Ebitda 38.10M 16.30M 74.50M 111.20M 70.00M
Depreciation and amortization 24.70M 25.40M -3.20000M 15.40M 31.70M
Non operating income net other - - - - -
Operating income 13.40M -9.10000M 77.70M 95.80M -55.80000M
Other operating expenses 1623.90M 1215.80M 996.40M 1723.60M 2032.50M
Interest expense 52.00M 59.10M 79.40M 79.50M 75.70M
Tax provision 0.90M 5.60M 10.50M -20.60000M 2.40M
Interest income - - - - -
Net interest income -52.00000M -59.10000M -79.40000M -95.10000M -75.70000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.90M 5.60M 10.50M -20.30000M 2.40M
Total revenue 1637.30M 1205.20M 1005.80M 1811.60M 1976.70M
Total operating expenses 208.00M 194.30M 157.90M 191.30M 250.00M
Cost of revenue 1415.90M 1021.50M 838.50M 1532.30M 1782.50M
Total other income expense net -54.50000M -71.60000M -105.50000M -132.90000M 313.80M
Discontinued operations - -149.90000M -63.80000M -13.90000M -13.90000M
Net income from continuing ops -42.00000M -86.30000M -38.30000M -36.10000M 179.90M
Net income applicable to common shares -40.80000M -229.70000M -94.80000M -31.50000M 139.00M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1151.70M 1080.60M 6742.80M 6958.30M 6503.80M
Intangible assets 190.10M 208.40M 174.60M 221.70M 219.20M
Earning assets - - - - -
Other current assets 16.80M 10.90M 116.50M 300.70M 1.30M
Total liab 1181.30M 1068.70M 6137.30M 6503.40M 6302.10M
Total stockholder equity -103.70000M -65.50000M 559.80M 349.80M 88.10M
Deferred long term liab - - - - -
Other current liab 85.50M 111.70M 74.70M 153.90M 240.20M
Common stock 0.10M 0.10M 0.10M - -
Capital stock 0.10M 18.90M 0.10M 0.00000M 0.00000M
Retained earnings -452.10000M -416.20000M -188.70000M -96.70000M -57.20000M
Other liab 26.50M 13.90M 5241.50M 5189.70M 5184.60M
Good will 127.10M 127.40M 111.00M 112.50M 171.70M
Other assets 19.10M 18.00M 65.50M 74.10M 109.30M
Cash 80.40M 45.50M 232.30M 228.80M 325.00M
Cash and equivalents - - - - -
Total current liabilities 417.20M 439.50M 251.00M 524.00M 344.90M
Current deferred revenue 98.60M 79.10M -53.70000M 171.60M -
Net debt 634.00M 580.80M 329.20M 544.80M 418.90M
Short term debt 30.60M 69.50M 53.70M 63.90M -
Short long term debt 30.60M 69.50M 53.70M 63.90M -
Short long term debt total 714.40M 626.30M 561.50M 773.60M 743.90M
Other stockholder equity 324.80M 325.40M 341.10M 267.50M 237.60M
Property plant equipment 230.80M 239.50M 158.20M 176.90M 376.30M
Total current assets 536.40M 442.60M 6032.00M 6049.10M 5253.40M
Long term investments 48.20M 56.00M 134.50M 177.50M 273.00M
Net tangible assets -438.50000M -420.10000M 274.20M 28.80M -302.80000M
Short term investments - - 4456.10M 4028.90M 3391.60M
Net receivables 420.00M 365.70M 1217.20M 1468.10M 1536.80M
Long term debt 683.80M 556.80M 507.00M 740.80M 703.50M
Inventory 18.90M 17.00M 9.90M 22.60M -1.30000M
Accounts payable 202.50M 179.20M 176.30M 134.60M 104.70M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 5.90M 6.40M 396.90M 168.70M -112.60000M
Additional paid in capital - - - - -
Common stock total equity - - 0.10M - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 71.90M 73.30M 172.40M 188.00M 208.10M
Deferred long term asset charges - - - - -
Non current assets total 615.30M 638.00M 710.80M 909.20M 1250.40M
Capital lease obligations 53.80M 58.50M 0.80M 34.60M 40.40M
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -22.50000M -223.20000M 8.60M -187.90000M -853.50000M
Change to liabilities 41.20M 65.10M 1.30M -18.00000M 6.60M
Total cashflows from investing activities -22.50000M -223.20000M 162.30M -263.60000M -224.60000M
Net borrowings 74.00M 29.50M -185.90000M 59.40M 153.60M
Total cash from financing activities 68.10M 4.30M -204.60000M 62.40M 115.20M
Change to operating activities -7.30000M 5.70M 41.50M 47.10M 353.60M
Net income -42.00000M -86.30000M -102.10000M -36.10000M 179.90M
Change in cash 34.70M 2.20M 38.70M -90.90000M 231.50M
Begin period cash flow 47.50M 45.30M 195.10M 321.30M 98.90M
End period cash flow 82.20M 47.50M 233.80M 230.40M 330.40M
Total cash from operating activities -9.50000M 27.00M 41.70M 110.50M 341.40M
Issuance of capital stock 0.00000M 10.50M 71.50M 8.90M -
Depreciation 42.20M 37.60M 5.90M 15.40M 38.70M
Other cashflows from investing activities -3.80000M -157.80000M -17.00000M -46.00000M -1.40000M
Dividends paid -5.20000M -62.50000M 2.90M 2.90M 2.00M
Change to inventory -1.90000M -13.40000M -18.80000M 3.40M 226.90M
Change to account receivables -5.50000M -38.30000M 43.00M 29.60M -30.20000M
Sale purchase of stock 0.00000M -10.40000M 0.00000M -8.30000M -5.80000M
Other cashflows from financing activities 186.70M 472.80M -53.20000M 104.50M -30.60000M
Change to netincome 0.80M 193.00M 26.50M 103.80M -196.70000M
Capital expenditures 20.70M 24.10M 17.80M 25.80M 39.70M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -20.00000M 13.40M 85.80M 41.80M 330.00M
Stock based compensation 2.40M 2.40M 2.90M 6.30M 9.00M
Other non cash items 6.80M 57.90M 41.10M 111.20M -213.60000M
Free cash flow -30.20000M 2.90M 23.90M 84.70M 301.70M

Peer Comparison

Sector: Industrials Industry: Engineering & Construction

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VATE
Innovate Corp		 -0.07 0.38% 18.13 - - 0.06 0.74 0.58 12.52
VCISF
VINCI SA		 - -% 148.71 14.66 12.94 1.06 2.37 1.40 8.24
VCISY
Vinci SA ADR		 -0.54 1.45% 36.70 14.51 12.97 1.07 2.38 1.40 8.26
FIX
Comfort Systems USA Inc		 -158.44 7.67% 1908.07 57.81 47.39 6.47 24.14 6.44 40.64
LTOUF
Larsen & Toubro Limited		 - -% 41.95 40.39 28.41 0.03 6.23 0.03 0.25

Reports Covered

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Profile

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.

Innovate Corp

295 Madison Avenue, New York, NY, United States, 10017

Key Executives

Name Title Year Born
Mr. Wayne Barr Jr. CEO, Pres & Director 1964
Mr. Michael J. Sena Chief Financial Officer 1973
Ms. Suzi Raftery Herbst Chief Operating Officer 1976
Anthony Rozmus Investor Relations Officer NA

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