• $248.3M
    Market Cap
  • 241.81%
    1-Year Change
  • Engineering & Construction
    Industry

Key Performance

More
  • Earnings Score: N/A
  • Momentum Score: 80
  • True Yield: N/A
  • Financial Health Score: N/A
TradeSmith Loading

Latest Research & News

Innovate (VATE) Q1 2026 Earnings Transcript

Innovate Corp reported Q1 2026 consolidated revenue of $364.8 million, up 33% year-over-year, driven primarily by Infrastructure segment strength. However, the company posted a net loss of $17.2 million ($1.29 per share) and faces challenges including gross margin compression in Infrastructure, a 48.4% revenue decline in Life Sciences, and continued softness in Spectrum's advertising demand. Total debt increased to $699 million due to PIK interest accrual, and management is working with lenders on strategic alternatives to address capital structure concerns.

05/15/2026, 1:06 PM • The Motley Fool

INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend

INNOVATE Corp. (NYSE:VATE) announced that its subsidiary DBM Global Inc. (DBMG) will pay a cash dividend of approximately $3 million, or $0.78 per share, on April 28, 2026. As the largest stockholder, INNOVATE expects to receive approximately $2.7 million from the dividend payout. INNOVATE's individual stockholders are not eligible to receive the dividend.

04/06/2026, 8:30 AM • Benzinga

DBM Global to Pay Cash Dividend

DBM Global Inc. (DBMG), a subsidiary of INNOVATE Corp. (NYSE:VATE), announced a cash dividend of approximately $3 million, or $0.78 per share, payable on April 28, 2026 to shareholders of record as of April 13, 2026. The company provides integrated steel construction services across multiple market segments globally.

04/03/2026, 2:33 PM • Benzinga

DBM Global to Pay Cash Dividend

DBM Global Inc., a steel construction services company and subsidiary of INNOVATE Corp., announced a cash dividend of approximately $3 million, or $0.78 per share, payable on April 28, 2026 to shareholders of record as of April 13, 2026.

04/03/2026, 2:33 PM • GlobeNewswire

INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend

INNOVATE Corp. announced that its subsidiary DBM Global Inc. will pay a cash dividend of approximately $5 million ($1.30 per share) on February 24, 2026. As the largest stockholder, INNOVATE expects to receive approximately $4.6 million from the dividend payout. INNOVATE's individual stockholders are not eligible to receive the dividend.

02/02/2026, 8:30 AM • Benzinga

DBM Global to Pay Cash Dividend

DBM Global Inc. (DBMG), a steel construction services company and operating subsidiary of INNOVATE Corp. (NYSE:VATE), announced a cash dividend of approximately $5 million, or $1.30 per share, payable on February 24, 2026 to shareholders of record as of February 9, 2026.

01/30/2026, 4:05 PM • Benzinga

INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend

INNOVATE Corp announced that its subsidiary DBM Global will pay a cash dividend of $8.8 million, with INNOVATE expecting to receive approximately $8 million of the total payout on November 10, 2025.

10/16/2025, 4:15 PM • Benzinga

DBM Global to Pay Cash Dividend

DBM Global Inc., a subsidiary of Innovate Corp., announced a cash dividend of $8.8 million ($2.28 per share) to be paid on November 10, 2025, to stockholders of record as of October 27, 2025.

10/16/2025, 4:05 PM • Benzinga

INNOVATE's Portfolio Company DBM Global to Pay Cash Dividend

INNOVATE Corp announced that its subsidiary DBM Global Inc. will pay a cash dividend of $4.4 million, or $1.14 per share, on August 21, 2025, with INNOVATE expecting to receive approximately $4 million of the total payout.

07/28/2025, 4:15 PM • Benzinga

DBM Global to Pay Cash Dividend

DBM Global Inc., a steel construction services company and subsidiary of Innovate Corp., announced a cash dividend of $4.4 million ($1.14 per share) to be paid on August 21, 2025, to stockholders of record as of August 7, 2025.

07/28/2025, 4:05 PM • Benzinga

Peers

Statistics

More
Day Range
$15.81
$18.75
$18.15
1-Year Range
$3.98
$20.06
$18.15
Latest Close$18.15
Change
-$0.05 (-0.28%)
Volume70,523
Market Cap$248.3M
Shares Outstanding13.6M
P/E (TTM)-4.57
Diluted EPS (TTM)-$3.99
Enterprise Value$862.1M

Information as of 06/23/2026

Company Profile

$248.3M
Market Cap
-$52.9M
Net Income
Sector: Industrials
Industry: Engineering & Construction
295 Madison Avenue, New York, NY, United States, 10017
212 235 2691

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for 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; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. 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.

Key Executives

  • Michael J. Sena
  • Paul Kenneth Voigt
  • Anthony Rozmus

Current Ownership Distribution

  • Institutions327.8M (79.20%)
  • Mutual Funds74.1M (17.91%)
  • Insiders11.9M (2.89%)
  • Other0 (0.00%)