Complete financial analysis of INNOVATE Corp. (VATE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of INNOVATE Corp., a leading company in the Engineering & Construction industry within the Industrials sector.
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INNOVATE Corp. (VATE)
About INNOVATE Corp.
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 trusses and girders; and fabricates and erects water pipe, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other customized products. In addition, it offers integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation, and facility services; and steel and rebar detailing, and BIM modeling and management services, as well as equipment used in the oil, gas, petrochemical, and pipeline industries. Further, the company develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin. Additionally, it operates over-the-air broadcasting stations 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.42B | 1.64B | 1.21B | 1.01B | 1.81B | 1.98B | 1.63B | 1.56B | 1.12B | 543.20M | 230.69M | 260.55M | 989.26M | 764.95M | 815.55M | 895.86M | 902.18M | 1.01B | 1.19B | 1.35B | 1.29B | 1.02B | 1.08B | 1.20B | 832.74M | 421.63M | 280.20M | 172.97M |
| Cost of Revenue | 1.21B | 1.42B | 1.02B | 838.50M | 1.53B | 1.78B | 1.42B | 1.38B | 984.87M | 471.49M | 220.32M | 125.26M | 695.74M | 488.61M | 533.71M | 569.87M | 554.89M | 663.83M | 784.83M | 821.46M | 786.31M | 668.64M | 767.84M | 861.18M | 624.60M | 353.02M | 252.73M | 158.85M |
| Gross Profit | 216.00M | 221.40M | 183.70M | 167.30M | 279.30M | 194.20M | 212.36M | 180.90M | 135.94M | 71.72M | 10.37M | 135.29M | 293.52M | 276.34M | 281.85M | 326.00M | 347.30M | 347.64M | 402.57M | 529.42M | 501.47M | 355.41M | 314.63M | 338.24M | 208.14M | 68.61M | 27.47M | 14.13M |
| Gross Profit Ratio | 15.18% | 13.52% | 15.24% | 16.63% | 15.42% | 9.82% | 13.00% | 11.61% | 12.13% | 13.20% | 4.50% | 51.92% | 29.67% | 36.12% | 34.56% | 36.39% | 38.50% | 34.37% | 33.90% | 39.19% | 38.94% | 34.71% | 29.07% | 28.20% | 24.99% | 16.27% | 9.80% | 8.17% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 181.10M | 190.10M | 0.00 | 291.58M | 153.07M | 111.96M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -108.70M | -179.00K | -3.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 168.00M | 180.10M | 168.30M | 181.10M | 190.10M | 218.40M | 182.88M | 152.89M | 108.53M | 81.40M | 34.69M | 102.76M | 214.59M | 198.20M | 198.75M | 260.43M | 284.02M | 287.61M | 381.38M | 394.05M | 342.35M | 254.15M | 303.03M | 330.41M | 199.58M | 79.53M | 50.62M | 20.11M |
| Other Expenses | 0.00 | 27.90M | 26.00M | -23.20M | 1.20M | 78.70M | -12.77M | -2.84M | -6.82M | 4.62M | 12.03M | 31.02M | 51.51M | 65.28M | 51.88M | 26.76M | 23.90M | 74.68M | 87.73M | 92.74M | 22.40M | 82.24M | 157.60M | 120.70M | 54.96M | 24.19M | 6.73M | 2.16M |
| Operating Expenses | 189.50M | 208.00M | 194.30M | 157.90M | 191.30M | 250.00M | 213.49M | 177.38M | 131.81M | 86.01M | 46.72M | 133.78M | 266.09M | 263.48M | 250.62M | 287.19M | 307.91M | 362.29M | 469.11M | 486.79M | 364.75M | 336.39M | 460.62M | 451.11M | 254.54M | 103.72M | 57.36M | 22.28M |
| Cost & Expenses | 1.40B | 1.62B | 1.22B | 996.40M | 1.72B | 2.03B | 1.64B | 1.55B | 1.12B | 557.50M | 267.04M | 259.05M | 961.83M | 752.09M | 784.33M | 857.06M | 862.80M | 1.03B | 1.25B | 1.31B | 1.15B | 1.01B | 1.23B | 1.31B | 879.14M | 456.73M | 310.09M | 181.12M |
| Interest Income | 0.00 | 52.00M | 59.10M | 74.80M | 76.10M | 0.00 | 0.00 | 0.00 | 0.00 | 436.00K | 8.00K | 86.00K | 169.00K | 741.00K | 960.00K | 120.00K | 5.70M | 3.69M | 2.61M | 11.62M | 1.08M | 2.45M | -19.95M | 29.39M | 0.00 | 11.50M | 0.00 | 785.00K |
| Interest Expense | 68.20M | 52.00M | 59.10M | 79.40M | 79.50M | 75.70M | 55.10M | 43.38M | 39.02M | 12.35M | 234.00K | 24.14M | 32.51M | 35.49M | 31.46M | 53.89M | 61.35M | 54.17M | 53.44M | 50.53M | 60.73M | 68.30M | 100.70M | 132.14M | 0.00 | 40.05M | 0.00 | 857.00K |
| Depreciation & Amortization | 36.00M | 42.20M | 37.60M | 26.80M | 31.50M | 51.50M | 36.57M | 28.86M | 30.94M | 8.97M | 23.96M | 31.02M | 65.15M | 68.40M | 51.69M | 32.80M | 30.59M | 48.16M | 87.73M | 92.74M | 86.07M | 82.38M | 157.80M | 121.06M | 55.32M | 24.55M | 6.73M | 2.16M |
| EBITDA | 69.80M | 53.10M | 16.00M | 54.90M | 65.80M | 309.50M | 51.92M | 26.45M | 23.33M | -11.52M | -1.08M | 17.01M | 4.74M | 82.00M | 84.06M | 61.61M | 53.49M | -130.80M | -12.66M | 138.59M | 155.21M | 78.52M | -514.50M | 8.19M | 8.92M | -10.56M | -23.56M | -5.99M |
| EBITDA Ratio | 4.91% | 2.33% | 1.35% | 7.41% | 6.14% | 3.54% | 2.48% | 2.31% | 2.25% | -0.28% | -5.37% | 12.52% | 9.35% | 10.72% | 10.31% | 8.01% | 5.93% | 20.76% | 4.54% | 10.61% | 12.35% | 11.01% | 51.55% | 0.68% | 1.07% | -2.50% | -8.41% | -3.26% |
| Operating Income | 29.20M | 13.40M | -9.10M | 77.70M | 95.80M | -55.80M | -1.13M | -1.42M | 2.23M | -14.43M | -39.14M | -8.66M | 12.75M | 12.66M | 31.08M | 38.81M | 31.28M | -212.85M | -79.92M | 39.06M | 69.63M | -3.32M | -672.30M | -112.87M | -46.40M | -35.11M | -29.89M | -8.15M |
| Operating Income Ratio | 2.05% | 0.82% | -0.76% | 7.73% | 5.29% | -2.82% | -0.07% | -0.09% | 0.20% | -2.66% | -16.97% | -3.32% | 1.29% | 1.65% | 3.81% | 4.33% | 3.47% | -21.04% | -6.73% | 2.89% | 5.41% | -0.32% | -62.11% | -9.41% | -5.57% | -8.33% | -10.67% | -4.71% |
| Total Other Income/Expenses | -63.60M | -54.50M | -70.10M | -18.40M | -117.10M | 238.10M | -38.65M | -44.37M | -47.34M | -20.56M | 14.08M | -19.29M | -39.95M | -13.57M | 427.04M | -63.88M | -31.50M | -27.51M | -68.48M | -43.74M | -10.55M | -23.93M | -120.65M | -102.75M | -66.34M | -28.54M | -6.21M | -417.00K |
| Income Before Tax | -34.40M | -41.10M | -80.70M | -27.80M | -37.10M | 182.30M | -39.75M | -45.79M | -46.62M | -33.89M | -25.05M | -50.36M | -27.20M | -19.43M | 472.86M | -25.07M | 229.00K | -241.65M | -150.38M | -4.68M | 59.64M | -63.90M | -792.95M | -215.62M | -112.74M | -63.65M | -36.16M | -8.57M |
| Income Before Tax Ratio | -2.42% | -2.51% | -6.70% | -2.76% | -2.05% | 9.22% | -2.43% | -2.94% | -4.16% | -6.24% | -10.86% | -19.33% | -2.75% | -2.54% | 57.98% | -2.80% | 0.03% | -23.89% | -12.66% | -0.35% | 4.63% | -6.24% | -73.25% | -17.98% | -13.54% | -15.10% | -12.90% | -4.95% |
| Income Tax Expense | 4.50M | 900.00K | 5.60M | 10.50M | -20.30M | 2.40M | 10.74M | 51.64M | -10.88M | -24.48M | -7.44M | -4.52M | 869.00K | -9.09M | -6.13M | -366.00K | -9.23M | 4.87M | 4.00M | 5.90M | 5.77M | -3.60M | -486.77M | -40.95M | 0.00 | 0.00 | 81.00K | 196.00K |
| Net Income | -37.60M | -40.80M | -79.80M | -46.40M | -17.60M | 139.00M | -49.70M | -105.40M | -39.83M | -16.29M | -17.61M | -44.85M | -38.73M | -19.09M | 477.89M | -25.03M | 15.74M | -237.96M | -154.38M | -10.58M | 54.76M | -34.60M | -306.18M | -174.66M | -112.74M | -63.65M | -36.24M | -8.76M |
| Net Income Ratio | -2.64% | -2.49% | -6.62% | -4.61% | -0.97% | 7.03% | -3.04% | -6.76% | -3.55% | -2.98% | -7.63% | -14.80% | -3.92% | -2.50% | 58.60% | -2.79% | 1.74% | -23.53% | -13.00% | -0.78% | 4.25% | -3.38% | -28.28% | -14.56% | -13.54% | -15.10% | -12.93% | -5.07% |
| EPS | -4.78 | -5.26 | -10.35 | -9.22 | -3.93 | 29.00 | -11.61 | -28.26 | -15.04 | -8.26 | -12.54 | -3.24 | -2.98 | -1.96 | 6.27 | -0.18 | 0.12 | -2.11 | -1.62 | -0.12 | 0.77 | -0.54 | -5.72 | -4.39 | -3.71 | -2.60 | -1.99 | -0.63 |
| EPS Diluted | -4.78 | -5.26 | -10.35 | -9.22 | -3.93 | 29.70 | -11.61 | -28.30 | -15.04 | -8.26 | -12.54 | -3.24 | -2.98 | -1.96 | 5.22 | -0.18 | 0.09 | -2.11 | -1.62 | -0.12 | 0.54 | -0.54 | -5.72 | -4.39 | -3.71 | -2.60 | -1.99 | -0.63 |
| Weighted Avg Shares Out | 7.87M | 7.75M | 7.71M | 5.03M | 4.48M | 4.79M | 4.28M | 3.72M | 2.65M | 1.97M | 1.40M | 13.84M | 13.01M | 9.74M | 76.27M | 142.86M | 128.97M | 112.54M | 95.53M | 89.68M | 69.04M | 64.18M | 53.51M | 39.75M | 30.37M | 24.47M | 18.22M | 13.89M |
| Weighted Avg Shares Out (Dil) | 7.87M | 7.75M | 7.71M | 5.03M | 4.48M | 4.68M | 4.28M | 3.73M | 2.65M | 1.97M | 1.40M | 13.84M | 13.01M | 9.74M | 91.60M | 142.86M | 196.77M | 112.54M | 95.53M | 89.68M | 98.15M | 64.18M | 53.51M | 39.75M | 30.37M | 24.47M | 18.22M | 13.89M |
INNOVATE Corp. Portfolio Company R2 Technologies Announces Another Record-Breaking Quarter and Partnerships with Woodhouse Spas and Top Skincare Brands
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- R2 Technologies, Inc., the world leader in CryoAesthetics® with its cutting-edge Glacial Skin systems (“R2”), a portfolio company of INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it has...
INNOVATE Corp. (VATE) Q3 2024 Earnings Call Transcript
INNOVATE Corp. (VATE) Q3 2024 Earnings Call Transcript
INNOVATE Corp. Announces Third Quarter 2024 Results
- Infrastructure: DBM Global third quarter revenue of $232.8 million - - Life Sciences: R2 reports record worldwide system unit sales growth in the third quarter - - Spectrum: Broadcasting's delivered another quarter of strong growth driven by network launches...
INNOVATE Corp. to Report Third Quarter 2024 Results on November 6th
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2024 on Wednesday, November 6, 2024, after market close. The Company...
INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement
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...
INNOVATE Corp. Announces Second Quarter 2024 Results
- 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...
INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024
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...
INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company's Common Stock
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...
INNOVATE Corp. to Report Second Quarter 2024 Results on August 7th
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...
INNOVATE Corp. (VATE) Q1 2024 Earnings Call Transcript
INNOVATE Corp. (NYSE:VATE ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Paul Voigt – Interim Chief Executive Officer Mike Sena – Chief Financial Officer Conference Call Participants Operator Good afternoon, and welcome to INNOVATE...
Source: https://incomestatements.info
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