INNOVATE Corp

INNOVATE Corp. engages in the acquisition and investment of assets. It operates through the following segments: Infrastructure, Clean Energy, Telecommunications, Insurance, Life Sciences, Spectrum, and Other. The Infrastructure segment models, details, fabricates, and erects structural steel for commercial and industrial construction projects. The Clean Energy segment designs, builds, and maintains compressed natural gas fueling stations for transportation vehicles. The Telecommunications segment manages telecommunications business including a network of direct routes and provides voice communication services. The Insurance segment offers long-termcare, life, annuity, and other accident and health coverage. The Life Sciences segment maintains controlling interests in Genovel Orthopedics, Inc. and R2 Technologies, Inc. through Pansend Life Sciences LLC. The Spectrum segment owns over-the-air broadcasting stations and spanish-language broadcast network. The Other segment represents all other businesses or investments that do not meet the definition of a segment individually or in the aggregate. The company was founded in 1994 and is headquartered in New York, NY.

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INNOVATE Corp reports strong Q4 earnings, eyes growth opportunities

INNOVATE Corp's Q4 2022 earnings call highlighted robust financial performance, with revenue growth, adjusted EBITDA improvements, and strategic initiatives driving growth and profitability.
Despite challenges such as equity method income fluctuations, the company's strengths in diversified revenue streams, cash reserves, and market opportunities position it well for future success.
Opportunities lie in expanding market presence, investing in R&D, and optimizing operations to sustain growth momentum and enhance shareholder value in the coming year.
Overall, INNOVATE Corp's performance underscores its resilience, strategic focus, and potential for continued success in navigating market challenges and capitalizing on growth opportunities.

INNOVATE Corp faces revenue decline and project delays in Q1

INNOVATE Corp's Q1 2023 earnings call highlighted a mixed performance with challenges in revenue, net loss, and adjusted EBITDA, but also strengths in progress across business segments. Project delays and competitive pressures were key concerns, while opportunities for growth and margin improvements were identified.

INNOVATE Corp reports strong Q2 results, eyes divestitures for growth

INNOVATE Corp's Q2 earnings call highlighted strong financial performance, strategic focus on profitability, and challenges in certain segments. The company aims to address liquidity concerns through potential divestitures and unlock shareholder value. Overall, there is a mix of positive results, challenges, and opportunities for strategic growth.

INNOVATE Corp reports robust Q3 earnings, eyes growth opportunities

INNOVATE Corp delivered strong financial results in Q3 2023, driven by revenue growth and improved adjusted EBITDA across segments, showcasing operational efficiency and market strength.
While facing challenges such as high indebtedness and market competition, the company's strategic focus on product innovation and partnerships presents opportunities for sustained growth and market leadership.
Overall, INNOVATE Corp's performance highlights resilience and potential for future expansion, positioning the company well for continued success in diverse market segments.

INNOVATE Corp reports robust Q4 earnings, eyes strategic growth opportunities

INNOVATE Corp delivered strong financial performance in Q4 2023, with notable revenue and adjusted EBITDA figures, showcasing consistent growth over the past years.
The company's subsidiaries, such as DBM Global and R2 Technologies, demonstrated strength and growth potential in their respective markets.
While facing challenges in certain segments, INNOVATE is proactively addressing them and focusing on leveraging opportunities to drive future success.
With a focus on optimizing assets, enhancing liquidity, and exploring strategic initiatives, INNOVATE is poised for continued growth and profitability.

INNOVATE Corp (VATE) reports strong Q1 results amidst profitability challenges

INNOVATE Corp's Q1 2024 performance reflects a mix of strengths in revenue growth across segments, challenges in profitability, and opportunities in new market expansions and strategic initiatives. The company's focus on operational efficiency and capital structure optimization underscores a proactive approach to driving long-term value for shareholders.

INNOVATE Corp reports strong Q2 earnings, addresses debt challenges

INNOVATE Corp (VATE) delivered strong operational and financial results in Q2 2024, driven by robust performance in key segments.
Challenges with NYSE listing compliance and high indebtedness require strategic attention for sustainable growth.
Opportunities exist in leveraging segment strengths, debt reduction efforts, and exploring new growth avenues.
Overall, INNOVATE remains focused on innovation, financial health, and future growth prospects.

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INNOVATE Corp. is a diversified holding company, which engages in the acquisition and investment of assets. It operates through the following segments: Infrastructure, Life Sciences, Spectrum, and Other. The Infrastructure segment consists of DBM Global Inc. and its wholly owned subsidiaries. DBMG is a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services. The Life Sciences segment refers to Pansend Life Sciences LLC, its subsidiaries, and its equity investments. The Spectrum segment focuses on HC2 Broadcasting Holdings Inc. and its subsidiaries. The Other segment represents all other businesses or investments that do not meet the definition of a segment individually or in aggregate. The company was founded in 1994 and is headquartered in New York, NY.

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INNOVATE Corp. (NYSE:VATE ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Anthony Rozmus - Investor Relations Avie Glazer - Chairman Wayne Barr - Chief Executive Officer Michael Sena - Chief Financial Officer Conference Call Participants Brian Charles - R.W. Pressprich Operator Good afternoon, and welcome to INNOVATE Corp.'s Second Quarter 2022 Earnings Conference Call.

INNOVATE Corp. (VATE) CEO Wayne Barr on Q2 2022 Results - Earnings Call Transcript

- Infrastructure: DBM Global delivers revenue of $382.1 million in the second quarter driven by continued strength at Banker Steel and robust demand in the construction market - - Life Sciences: MediBeacon's IDE application accepted by the FDA; begins its U.S. Pivotal Study - - Spectrum: Broadcasting maintains focus on adding capacity and optimizing performance -

INNOVATE Corp. Announces Second Quarter 2022 Results

NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced the appointment of Amy Wilkinson to fill the remaining vacancy on the INNOVATE Board of Directors.

INNOVATE Corp. Announces Appointment of Amy Wilkinson to the Board of Directors

NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2022 on Wednesday, August 3, 2022 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

INNOVATE Corp. to Report Second Quarter 2022 Results on August 3

NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced the appointment of Brian Goldstein to fill a vacancy on the INNOVATE Board of Directors, effective immediately.

INNOVATE Corp. Announces Appointment of Brian Goldstein to the Board of Directors

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced that directors Michael Gorzynski, Shelly C. Lombard and Kenneth S. Courtis have informed the Company that they will not stand for re-election to the Board of Directors at INNOVATE's 2022 Annual Meeting of Stockholders (the “Annual Meeting”).

INNOVATE Corp. Announces Directors Michael Gorzynski, Shelly Lombard and Kenneth Courtis Will Not Stand for Re-election

INNOVATE Corp. (NYSE:VATE ) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Wayne Barr Jr. - CEO Michael Sena - CFO Anthony Rozmus - Investor Relations Avie Glazer - Chairman Conference Call Participants Brian Charles - R.W. Pressprich Operator Good afternoon and welcome to INNOVATE Corp's First Quarter 2022 Earnings Conference Call.

INNOVATE Corp. (VATE) CEO Wayne Barr Jr. on Q1 2022 Earnings Call Transcript

- Infrastructure: DBM Global delivers record revenue of $402.2 million in the first quarter driven by Banker Steel, large-scale projects and continued momentum - - Life Sciences: R2 has now shipped 100 GLACIAL ® devices to customers globally - - Spectrum: Broadcasting completed the construction of 22 new broadcast stations and added 12 new DMAs -

INNOVATE Corp. Announces First Quarter 2022 Results

100 GLACIAL® Devices for Revolutionary Skin Treatment Shipped

INNOVATE Corp. Portfolio Company R2 Technologies Announces First Year Commercial Milestone and Clinical Data Presentation at Recent ASLMS Annual Meeting

INNOVATE Corp. (VATE) CEO Wayne Barr Jr. on Q4 2021 - Earnings Call Transcript

- Infrastructure: DBM Global delivers record revenue of $383.4 million in the fourth quarter and maintains backlog level primed for a successful 2022 - - Life Sciences: R2 started shipping Glacial Spa to China in preparation for launch - - Spectrum: Broadcasting expands footprint into 12 new designated market areas -

INNOVATE Corp. Announces Fourth Quarter and Full Year 2021 Results

NEW YORK, Feb. 16, 2022 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the fourth quarter and full year 2021 on Wednesday, March 9, 2022 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

INNOVATE Corp. to Report Fourth Quarter and Full Year 2021 Results on March 9

INNOVATE Corp. (VATE) CEO Wayne Barr, Jr. on Q3 2021 Results - Earnings Call Transcript

- Infrastructure: DBM Global maintains backlog of $1.6 billion while converting $383.0 million of revenue in Q3 - - Life Sciences: Glacial Rx ® receives milestone FDA approval - - Spectrum: Broadcasting delivers fourth consecutive quarter of profitability -

INNOVATE Corp. Announces Third Quarter 2021 Results

It's been a rocky few years for Innovate (FKA HCHC).

Breaking Down Innovate's Potential

NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the third quarter 2021 on Thursday, November 4, 2021 after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

INNOVATE Corp. to Report Third Quarter 2021 Results on November 4

Product Becomes First and Only Class II Dermal Cooling System FDA-Cleared for Dermabrasion Product Becomes First and Only Class II Dermal Cooling System FDA-Cleared for Dermabrasion

INNOVATE Corp. Portfolio Company R2 Technologies' Novel Glacial Rx® System Earns Third FDA Indication and Unique Product Code

NEW YORK, Sept. 20, 2021 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) today announced its successful name change from HC2 Holdings, Inc., which became effective today. The Company's common stock will continue to be publicly traded on the New York Stock Exchange, with trading to begin under its new ticker symbol, “VATE”, at market open on September 20, 2021.

News for INNOVATE Corp Stock (VATE)