INNOVATE Corp. (VATE)

US — Industrials Sector
Peers: MESA  TISI  KSCP  CSTE  STI  MPU  NEOV  DPRO  SDST  AIRT 

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Key Metrics & Ratings

  • symbol VATE
  • Rev/Share 75.6841
  • Book/Share -15.7605
  • PB -0.2632
  • Debt/Equity -3.069
  • CurrentRatio 0.457
  • ROIC 0.0281

 

  • MktCap 60012671.0
  • FreeCF/Share 0.1597
  • PFCF 28.5775
  • PE -0.7795
  • Debt/Assets 0.7744
  • DivYield 0
  • ROE 0.4014

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

INNOVATE Launches Indebtedness Refinancing Transactions
VATE
Published: July 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

$48.7 million privately negotiated convertible notes exchanges.$330 million exchange offer of senior secured notes and solicitation of consentsAgreement in principle to extend revolving credit agreementAgreement in principle to amend and extend the CGIC noteAgreement in principle to extend Spectrum notesAgreement in principle to amend and extend the R2 Technologies note

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image for news INNOVATE Launches Indebtedness Refinancing Transactions
INNOVATE Corp. (VATE) Q1 2025 Earnings Call Transcript
VATE
Published: May 06, 2025 by: Seeking Alpha
Sentiment: Neutral

INNOVATE Corp. (NYSE:VATE ) Q1 2025 Earnings Conference Call May 6, 2025 4:30 PM ET Company Participants Anthony Rozmus - Investor Relations Paul Voigt - Interim Chief Executive Officer Mike Sena - Chief Financial Officer Conference Call Participants Operator Good afternoon. And welcome to INNOVATE's First Quarter 2025 Earnings Conference Call.

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image for news INNOVATE Corp. (VATE) Q1 2025 Earnings Call Transcript
INNOVATE Corp. to Report Fourth Quarter and Full Year 2024 Results on March 31st
VATE
Published: February 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 27, 2025 (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 2024 on Monday, March 31, 2025, 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.

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image for news INNOVATE Corp. to Report Fourth Quarter and Full Year 2024 Results on March 31st
MediBeacon® Transdermal GFR System receives device approval in China
VATE
Published: February 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

Transdermal GFR System (TGFR) is a first-in-kind product for point of care assessment of kidney function in patients with normal or impaired renal function. The Clinical Kidney Journal in February published MediBeacon study results on measured GFR (mGFR) using relmapirazin versus estimated GFR (eGFR) for the purpose of classifying patient Chronic Kidney Disease (CKD) stages.

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image for news MediBeacon® Transdermal GFR System receives device approval in China

About INNOVATE Corp. (VATE)

  • IPO Date 2009-07-13
  • Website https://www.innovatecorp.com
  • Industry Engineering & Construction
  • CEO Paul Kenneth Voigt
  • Employees 3135

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.