INNOVATE Corp.
INNOVATE Corp.
Your view on VATE
Overview
What the company does, where it operates, and who runs it.
About INNOVATE Corp.
- Industry
- Engineering & Construction
- Sector
- Industrials
- CEO
- Paul Kenneth Voigt
- Headquarters
- 295 Madison Avenue, New York City, NY, US
- Industry
- Engineering & Construction
- Sector
- Industrials
- CEO
- Paul Kenneth Voigt
- Headquarters
- 295 Madison Avenue, New York City, NY, US
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.
Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for INNOVATE Corp., and the rating behind it. VATE last traded at $5.64; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for INNOVATE Corp.. Starting points for INNOVATE Corp.: EPS -$1.67, beta 2.44 — an Engineering & Construction name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for INNOVATE Corp.. INNOVATE Corp. paid $0.78 per share over the last year — a 13.8% yield at the current $5.64 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for INNOVATE Corp.. Trailing twelve-month EPS for INNOVATE Corp. stands at -$1.67. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for INNOVATE Corp.. INNOVATE Corp. has reported as a listed company since 2009. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
INNOVATE Corp. valued side by side against its closest peers. INNOVATE Corp. is measured against Engineering & Construction peers within the Industrials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold INNOVATE Corp., and how their positions are changing. At a $76.9M market value, institutional positions materially move INNOVATE Corp.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by INNOVATE Corp. executives and directors. Shares of INNOVATE Corp. have traded between $3.81 and $13.79 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming INNOVATE Corp.. INNOVATE Corp. is a $76.9M Industrials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming INNOVATE Corp.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for INNOVATE Corp.. Coverage tracks INNOVATE Corp. within Engineering & Construction (Industrials). Press releases and market coverage, newest first.
Comments
Comments and replies from FRC members about this company.