VATE

Innovate Corp

4.86

Nov 12 • 3:59 PM ET -0.41 (-7.78%)

4.86

Aftermarket • 7:30 PM ET 0.00 (0.00%)

Industrials Engineering & Construction USA Micro NYSE

Nov 12, 7:06 PMINNOVATE says DBM Global sale reduced pro forma principal debt to $238.3 million but removed the business generating nearly all revenue

Peers: IESC BOC MTRX CODI STRR ORN SSP GEG GTN IEP

| Held by: VTI IWM VXF IWO VTWO BUSM IWC VTWG RSSL VTHR

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Index	RUT
Market Cap	66.30M
Enterprise Value	684.00M
Income	-24.00M
Sales	1.52B
Book/sh	-17.83
Cash/sh	6.44
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	Aug 28, 2013
Dividend Gr. 3/5Y	- -
Payout	-
Employees	3738
IPO	Jul 13, 2009

P/E	-
Forward P/E	-
PEG	-
P/S	0.04
P/B	-
P/C	0.76
P/FCF	0.63
EV/EBITDA	6.90
EV/Sales	0.45
Quick Ratio	0.43
Current Ratio	0.44
Debt/Eq	-
LT Debt/Eq	-
Option/Short	No / Yes

EPS (ttm)	-1.84
EPS next Y	-
EPS next Q	-
EPS this Y	-
EPS next Y	-
EPS next 5Y	-
EPS past 3/5Y	2.52% 13.79%
Sales past 3/5Y	-8.70% 11.69%
EPS Y/Y TTM	70.10%
Sales Y/Y TTM	52.38%
EPS Q/Q	144.50%
Sales Q/Q	74.21%
Earnings	Nov 12 AMC
EPS/Sales Surpr.	- -

Insider Own	64.03%
Insider Trans	0.00%
Inst Own	28.34%
Inst Trans	21.99%
ROA	-2.36%
ROE	-
ROIC	-
Gross Margin	14.85%
Oper. Margin	4.60%
Profit Margin	-1.58%
SMA20	-12.42%
SMA50	-26.42%
SMA200	-44.81%
Trades

Shs Outstand	13.64M
Shs Float	4.91M
Short Float	11.02%
Short Ratio	5.29
Short Interest	0.54M
52W High	21.30 -77.18%
52W Low	3.41 42.59%
Volatility	7.87% 7.06%
ATR (14)	0.42
RSI (14)	33.31
Beta	2.75
Rel Volume	0.67
Avg Volume	102.33K
Volume	68,209

Perf Week	-2.21%
Perf Month	-18.59%
Perf Quarter	-38.94%
Perf Half Y	-58.39%
Perf YTD	18.30%
Perf Year	-2.24%
Perf 3Y	-53.09%
Perf 5Y	-88.43%
Perf 10Y	-88.22%
Recom	1.00
Target Price	8.49
Prev Close	5.27
Price	4.86
Change %	-7.78%

Nov-12-26 06:57PM	INNOVATE's Debt Cut Comes At The Cost Of Its Earnings Engine: DBM Global Sale Leaves A Small, Loss-Making Portfolio (Earnings Whispers) -7.78%
04:05PM	INNOVATE Corp. Announces Third Quarter 2026 Results (GlobeNewswire)
Nov-05-26 04:15PM	INNOVATE Corp. to Report Third Quarter 2026 Results on November 12th (GlobeNewswire) -8.47% +5.84%
Oct-05-26 08:30AM	INNOVATE Completes Sale of DBM Global to IES Holdings (GlobeNewswire)
Sep-18-26 04:28PM	Top Research Reports for AMD, Linde & Amgen (Zacks)
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Sep-02-26 08:30AM	INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONX (GlobeNewswire)
Aug-18-26 08:00AM	MediBeacon Transdermal GFR System Nominated for 2026 Prix Galien USA Best Medical Technology (GlobeNewswire)
Aug-10-26 08:00AM	INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings (GlobeNewswire) -41.12%
Aug-07-26 01:12AM	Innovate Corp (VATE) (Q2 2026) Earnings Call Highlights: Record Infrastructure Performance and ... (GuruFocus.com) +63.43%
Aug-06-26 04:05PM	INNOVATE Corp. Announces Second Quarter 2026 Results (GlobeNewswire)
Aug-03-26 04:05PM	INNOVATE Corp. to Report Second Quarter 2026 Results on August 6th (GlobeNewswire) -10.10% +6.85%
Jul-08-26 04:12PM	INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend (GlobeNewswire) -16.14% -11.11%
Jun-01-26 08:30AM	INNOVATE Announces Successful Closing of Broadcasting Refinancing and Agrees to Partial Sale of Broadcasting (GlobeNewswire)
May-15-26 01:03AM	Innovate Corp (VATE) Q1 2026 Earnings Call Highlights: Revenue Surge and Strategic Advances ... (GuruFocus.com) -8.73%
May-14-26 04:05PM	INNOVATE Corp. Announces First Quarter 2026 Results (GlobeNewswire)
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Apr-27-26 04:21PM	INNOVATE Corp. to Report First Quarter 2026 Results on May 14th (GlobeNewswire) -7.54%
Apr-06-26 08:30AM	INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend (GlobeNewswire)
Mar-31-26 08:05AM	MediBeacon Transdermal GFR Monitor and Reusable Sensor Receive CE Mark Under European Medical Device Regulation (GlobeNewswire)
Mar-26-26 04:05PM	INNOVATE Corp. Announces Fourth Quarter and Full Year 2025 Results (GlobeNewswire) +13.90%
Mar-16-26 04:05PM	INNOVATE Corp. to Report Fourth Quarter and Full Year 2025 Results on March 26th (GlobeNewswire)
Feb-10-26 04:05PM	Transdermal GFR Article Recognized as One of Five 2025 Editors' Choice Articles by Journal of the American Society of Nephrology (JASN) (GlobeNewswire)
Feb-02-26 08:30AM	INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend (GlobeNewswire)
Dec-16-25 08:05AM	MediBeacon Next Generation TGFR System Receives FDA Approval (GlobeNewswire)
Nov-13-25 12:00AM	Innovate Corp (VATE) Q3 2025 Earnings Call Highlights: Revenue Surge Amidst Strategic Shifts (GuruFocus.com)
Nov-12-25 04:04PM	INNOVATE Corp. Announces Third Quarter 2025 Results (GlobeNewswire)
Oct-22-25 04:05PM	INNOVATE Corp. to Report Third Quarter 2025 Results on November 12th (GlobeNewswire)
Oct-21-25 08:05AM	MediBeacon receives regulatory approval to sell the Transdermal GFR System in China (GlobeNewswire) +11.51%
Oct-16-25 04:15PM	INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend (GlobeNewswire)
Sep-09-25 08:39AM	INNOVATE's Portfolio Company, R2, has Explosive Growth and Global Reach with Glacial Skin Continuing to Redefine Aesthetic Innovation (GlobeNewswire) -9.25%
Aug-06-25 03:26AM	Innovate Corp (VATE) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic ... (GuruFocus.com)
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Aug-05-25 04:05PM	INNOVATE Corp. Announces Second Quarter 2025 Results (GlobeNewswire) +7.46%
Aug-04-25 04:30PM	INNOVATE Closes Indebtedness Refinancing Transactions (GlobeNewswire)
Jul-31-25 08:30AM	INNOVATE Announces Early Results of Exchange Offer of Senior Secured Notes and Solicitation of Consents and Extends Availability of Total Early Exchange Consideration (GlobeNewswire)
Jul-28-25 04:15PM	INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend (GlobeNewswire)
04:05PM	DBM Global to Pay Cash Dividend (GlobeNewswire)
Jul-17-25 04:05PM	INNOVATE Corp. to Report Second Quarter 2025 Results on August 5th (GlobeNewswire) +5.70%
08:42AM	INNOVATE Launches Indebtedness Refinancing Transactions (GlobeNewswire)
May-23-25 04:17PM	DBM Global to Pay Cash Dividend (GlobeNewswire) -7.60% +16.93%
04:12PM	INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend (GlobeNewswire)
May-20-25 04:06PM	DBM Global Enters Into an Amended and Restated Credit Agreement (GlobeNewswire)
May-06-25 04:05PM	INNOVATE Corp. Announces First Quarter 2025 Results (GlobeNewswire)
Apr-16-25 04:05PM	INNOVATE Corp. to Report First Quarter 2025 Results on May 6th (GlobeNewswire)
Mar-31-25 10:46PM	INNOVATE Corp. (VATE) Q4 2024 Earnings Call Transcript (Seeking Alpha) -6.64%
04:04PM	INNOVATE Corp. Announces Fourth Quarter and Full Year 2024 Results (GlobeNewswire)
Feb-27-25 04:02PM	INNOVATE Corp. to Report Fourth Quarter and Full Year 2024 Results on March 31st (GlobeNewswire) -9.99%
Feb-25-25 09:00AM	MediBeacon Transdermal GFR System receives device approval in China (GlobeNewswire)
Jan-21-25 02:42PM	Innovate Shares Surge 63% Following FDA Approval of MediBeacon's Kidney Function Assessment System (GuruFocus.com) +86.30%
Jan-17-25 06:18PM	MediBeacon Transdermal GFR System Receives FDA Approval to Assess Kidney Function (GlobeNewswire)
Jan-06-25 04:35PM	DBM Global Inc. Announces Election of Mark Koolis as CFO (GlobeNewswire)
Nov-20-24 08:22AM	INNOVATE Corp. Portfolio Company R2 Technologies Announces Another Record-Breaking Quarter and Partnerships with Woodhouse Spas and Top Skincare Brands (GlobeNewswire)
Nov-06-24 04:03PM	INNOVATE Corp. Announces Third Quarter 2024 Results (GlobeNewswire)
Oct-16-24 05:02PM	DBM Global Companies -- Banker Steel and NYC Constructors -- Top Out Phase One of Terminal Six at JFK International Airport (GlobeNewswire) +14.10%
04:05PM	INNOVATE Corp. to Report Third Quarter 2024 Results on November 6th (GlobeNewswire)
Sep-03-24 04:05PM	INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement (GlobeNewswire) -7.60%
Aug-07-24 04:04PM	INNOVATE Corp. Announces Second Quarter 2024 Results (GlobeNewswire) -7.13% -7.04%
Aug-05-24 12:30PM	Upcoming Stock Splits This Week (August 5 to August 9) Stay Invested (TipRanks)
Jul-29-24 08:30AM	INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024 (GlobeNewswire) -9.69%
Jul-19-24 09:10AM	INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company's Common Stock (GlobeNewswire) -8.66%
Jul-17-24 04:05PM	INNOVATE Corp. to Report Second Quarter 2024 Results on August 7th (GlobeNewswire) -6.86%
May-07-24 04:05PM	INNOVATE Corp. Announces First Quarter 2024 Results (GlobeNewswire)
Apr-26-24 09:05AM	INNOVATE Corp. to Report First Quarter 2024 Results on May 7th (GlobeNewswire)
Apr-24-24 04:47PM	INNOVATE Corp. Announces Closing of Rights Offering (GlobeNewswire)
Apr-22-24 08:01AM	INNOVATE Corp. Announces Preliminary Results of Rights Offering (GlobeNewswire)
Apr-09-24 04:18PM	INNOVATE Corp. Announces Further Extension of Rights Offering Subscription Period (GlobeNewswire) -5.71% +6.06%
Mar-25-24 04:35PM	INNOVATE Corp. Announces Extension of Rights Offering Subscription Period (GlobeNewswire) -6.68%
Mar-21-24 04:39PM	DBM Global's Banker Steel Tops Out JFK's New Terminal One Headhouse (GlobeNewswire) +5.69% +5.56%
Mar-08-24 09:00AM	INNOVATE Corp. Announces Commencement of Rights Offering (GlobeNewswire) -8.99%
Mar-06-24 08:00AM	INNOVATE Corp. Announces Rights Offering Pricing (GlobeNewswire)
Mar-04-24 04:05PM	INNOVATE Corp. Announces Fourth Quarter and Full Year 2023 Results (GlobeNewswire) -8.44% +20.28%
Feb-26-24 08:00AM	INNOVATE Corp. Announces Rights Offering for Common Stock (GlobeNewswire) -5.93%
Feb-12-24 04:05PM	INNOVATE Corp. to Report Fourth Quarter and Full Year 2023 Results on March 4th (GlobeNewswire)
Nov-21-23 04:41PM	DBM Global Companies -- Banker Steel and NYC Constructors -- Celebrate the Topping Out at the New JPMorgan Chase Headquarters (GlobeNewswire)
Nov-10-23 11:35AM	INNOVATE Corp. (NYSE:VATE) Q3 2023 Earnings Call Transcript (Insider Monkey) +6.54%
Nov-09-23 04:05PM	INNOVATE Corp. Announces Third Quarter 2023 Results (GlobeNewswire)
Oct-30-23 08:00AM	INNOVATE Corp. to Report Third Quarter 2023 Results on November 9th (GlobeNewswire)
Aug-09-23 04:05PM	INNOVATE Corp. Announces Second Quarter 2023 Results (GlobeNewswire) +5.00% +7.74%
Jul-28-23 08:00AM	INNOVATE Corp. Announces Date Change for Second Quarter 2023 Earnings Call (GlobeNewswire) -9.09%
Jul-25-23 05:04PM	INNOVATE Corp. Names Paul K. Voigt Interim CEO (GlobeNewswire)
Jul-23-23 04:00PM	INNOVATE Corp. Announces the Untimely Passing of CEO Wayne Barr (GlobeNewswire)
Jul-19-23 04:10PM	INNOVATE Corp. to Report Second Quarter 2023 Results on August 8th (GlobeNewswire)
May-16-23 07:00AM	MediBeacon Inc. Appoints Dr. Steve Miller as Chief Medical Officer (PR Newswire) -11.18%
May-10-23 04:11PM	INNOVATE Corp. Announces First Quarter 2023 Results (GlobeNewswire) -26.37%
May-02-23 09:22AM	INNOVATE Corp. Announces Date Change for First Quarter 2023 Earnings Call (GlobeNewswire)
Apr-18-23 04:15PM	INNOVATE Corp. to Report First Quarter 2023 Results on May 2 (GlobeNewswire)
Apr-03-23 08:15AM	INNOVATE Corp. Adopts Tax Benefit Preservation Plan (GlobeNewswire)
Mar-14-23 04:05PM	INNOVATE Corp. Announces Fourth Quarter and Full Year 2022 Results (GlobeNewswire)
Mar-07-23 04:15PM	INNOVATE Corp. Completes Sale of Remaining Equity Stake in HMN International (GlobeNewswire) +5.88%
Mar-02-23 08:00AM	INNOVATE Corp. Announces Date Change for Fourth Quarter and Full Year 2022 Earnings Call (GlobeNewswire) +12.50%
Feb-16-23 04:15PM	INNOVATE Corp. to Report Fourth Quarter and Full Year 2022 Results on March 8 (GlobeNewswire) -6.35%
Nov-16-22 06:55AM	MediBeacon Receives $10 Million in Amended Agreements with Huadong Medicine to Accelerate Development of Transdermal GFR Measurement System (PR Newswire)
Nov-02-22 04:05PM	INNOVATE Corp. Announces Third Quarter 2022 Results (GlobeNewswire) +5.67%
Oct-18-22 04:01PM	INNOVATE Corp. to Report Third Quarter 2022 Results on November 2 (GlobeNewswire) +6.56% -6.03%
Aug-03-22 04:01PM	INNOVATE Corp. Announces Second Quarter 2022 Results (GlobeNewswire) +5.88% -5.00%
Aug-02-22 04:15PM	INNOVATE Corp. Announces Appointment of Amy Wilkinson to the Board of Directors (GlobeNewswire)
Aug-01-22 07:07AM	The past five years for INNOVATE (NYSE:VATE) investors has not been profitable (Simply Wall St.) -6.67%
Jul-14-22 04:15PM	INNOVATE Corp. to Report Second Quarter 2022 Results on August 3 (GlobeNewswire)
Jun-29-22 08:30AM	INNOVATE Corp. Announces Appointment of Brian Goldstein to the Board of Directors (GlobeNewswire) -9.42%
Jun-13-22 08:45AM	INNOVATE Corp. Announces Directors Michael Gorzynski, Shelly Lombard and Kenneth Courtis Will Not Stand for Re-election (GlobeNewswire) -6.75%
Jun-10-22 09:21AM	Bullish insiders bet US$1.1m on INNOVATE Corp. (NYSE:VATE) (Simply Wall St.) -6.69%
May-11-22 09:00AM	What Kind Of Shareholders Hold The Majority In INNOVATE Corp.'s (NYSE:VATE) Shares? (Simply Wall St.) +7.36%

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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. 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 on February 4, 1994 and is headquartered in New York, NY.

Interim Chief Executive OfficerMr. Paul Kenneth Voigt

CFOMr. Michael J. Sena CPA

Investor Relations OfficerMr. Anthony Rozmus

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