HC2 Holdings, Inc. is a diversified holding company, which seeks to acquire and grow attractive businesses that generate sustainable free cash flow. The Company's principal operating subsidiaries include the following assets: DBM Global Inc., a family of companies providing fully integrated structural and steel construction services; Global Marine Systems Limited, a provider of engineering and underwater services on submarine cables; Continental Insurance Group Ltd., a platform for its run-off long-term care and life and annuity business, through its insurance company, Continental General Insurance Company; PTGi-International Carrier Services Inc., a provider of Internet-based protocol and time-division multiplexing access and transport of long-distance voice minutes; American Natural Gas, a compressed natural gas fueling company; Pansend Life Sciences, Ltd., the subsidiary focused on supporting healthcare and biotechnology product development; controlling interests in DMi, Inc., which owns licenses to create and distribute NASCAR video games, and NerVve, Inc., which provides analytics on broadcast TV, digital and social media online platforms.

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Employee Rating

4.0More
TypePublic
HQNew York, US
Founded1994
Size (employees)2,744 (est)
Websitehc2.com
HC2 Holdings was founded in 1994 and is headquartered in New York, US
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HC2 Holdings Office Locations

HC2 Holdings has an office in New York
New York, (HQ)
450 Park Ave
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HC2 Holdings Financials and Metrics

HC2 Holdings Revenue

HC2 Holdings's revenue was reported to be $1.48 b in FY, 2017
USD

Revenue (Q3, 2018)

444.8m

Gross profit (Q3, 2018)

41.8m

Gross profit margin (Q3, 2018), %

9.4%

Net income (Q3, 2018)

151.5m

EBIT (Q3, 2018)

(24.4m)

Market capitalization (4-Dec-2018)

138.4m

Closing stock price (4-Dec-2018)

3.1

Cash (30-Sep-2018)

831.6m
HC2 Holdings's current market capitalization is $138.4 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

230.7m1.1b1.6b1.5b

Cost of goods sold

220.3m1.3b

Gross profit

10.4m169.5m

Gross profit Margin, %

4%11%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

43.4m96.6m183.3m201.8m281.0m277.5m331.7m359.3m413.1m390.6m378.7m406.4m415.5m455.0m444.8m

Cost of goods sold

41.1m82.9m161.5m375.7m400.6m402.9m

Gross profit

2.2m13.7m21.8m39.8m54.4m41.8m

Gross profit Margin, %

5%14%12%10%12%9%
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

9.0m158.6m115.4m97.9m

Accounts Receivable

19.0m210.9m267.6m322.4m

Inventories

12.1m9.6m1.5b

Current Assets

74.9m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

111.6m(35.8m)(97.4m)(50.5m)

Depreciation and Amortization

24.0m30.9m28.9m36.6m

Inventories

2.6m2.2m

Accounts Payable

(2.0m)11.9m54.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

127.4m(4.9m)(7.4m)(24.3m)(5.5m)(16.2m)(20.8m)(31.3m)(30.1m)(35.4m)(15.9m)(36.4m)(44.7m)(38.9m)40.9m192.5m

Depreciation and Amortization

12.0m210.0k1.0m4.1m7.1m14.5m22.6m7.5m13.2m19.6m8.6m17.2m26.4m11.3m22.0m30.0m

Inventories

17.8m14.4m2.0m1.4m3.5m

Accounts Payable

(2.2m)(1.8m)6.3m2.0m(18.9m)455.0k(15.7m)193.1m212.4m232.1m16.4m(8.1m)45.7m4.7m(9.7m)9.7m
USDY, 2018

Financial Leverage

23 x
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HC2 Holdings Online and Social Media Presence

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HC2 Holdings News and Updates

HC2 Holdings to Participate in the 6th Annual ROTH New Industrials Corporate Access Day

NEW YORK, Dec. 10, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today that it will participate in the 6th Annual ROTH New Industrials Corporate Access Day being held on December 11, 2018 at the Lotte New York Palace in …

HC2 Holdings Announces Pricing of its $55 Million Convertible Senior Notes Offering

NEW YORK, Nov. 14, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE: HCHC) (the “Company”), a diversified holding company, announced today the pricing of an offering of $55 million aggregate principal amount of its 7.5% convertible senior notes due 2022 (“Notes”) in a private offering to …

HC2 Holdings Announces Pricing of its $470 Million Senior Secured Notes Private Offering

NEW YORK, Nov. 14, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE: HCHC), a diversified holding company, announced today the pricing of $470 million aggregate principal amount of 11.50% senior secured notes due 2021 (the “Secured Notes”) being offered by the Company in a private offerin…

HC2 Holdings Sets Third Quarter 2018 Earnings Release Date And Webcast

NEW YORK, Oct. 29, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE:HCHC), a diversified holding company, announced today that it will release its financial results for the third quarter 2018 on Wednesday, November 7, 2018 after the market closes.

HC2 Holdings Announces Launch of $535 Million Senior Secured Notes Private Offering

Net Proceeds to Refinance 11% Senior Secured Notes
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HC2 Holdings Company Life and Culture

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HC2 Holdings Frequently Asked Questions

  • When was HC2 Holdings founded?

    HC2 Holdings was founded in 1994.

  • How many employees does HC2 Holdings have?

    HC2 Holdings has 2,744 employees.

  • What is HC2 Holdings revenue?

    Latest HC2 Holdings annual revenue is $1.5 b.

  • What is HC2 Holdings revenue per employee?

    Latest HC2 Holdings revenue per employee is $540.3 k.

  • Who are HC2 Holdings competitors?

    Competitors of HC2 Holdings include PICO Holdings, ALFA and Power Assets.

  • Where is HC2 Holdings headquarters?

    HC2 Holdings headquarters is located at 450 Park Ave, New York.

  • Where are HC2 Holdings offices?

    HC2 Holdings has an office in New York.

  • How many offices does HC2 Holdings have?

    HC2 Holdings has 1 office.