See more : Unique Fabricating, Inc. (UFAB) Income Statement Analysis – Financial Results
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. (VATE) CEO Wayne Barr, Jr. on Q3 2021 Results - Earnings Call Transcript
Breaking Down Innovate's Potential
INNOVATE Corp. to Report Third Quarter 2021 Results on November 4
INNOVATE Corp. Portfolio Company R2 Technologies' Novel Glacial Rx® System Earns Third FDA Indication and Unique Product Code
Source: https://incomestatements.info
Category: Stock Reports