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INNOVATE Corp.

INNOVATE Corp.

Remaining Performance Obligations

$1.6 B

FY, 2021

Revenue

$1.2 B

FY, 2021

Market Capitalization

$207.6 M

2023-01-23

INNOVATE Corp. Summary

Company summary

Overview
INNOVATE Corp. (formerly known as HC2 Holdings) is a diversified holding company that operates a portfolio of subsidiaries primarily in infrastructure, broadcasting, and life sciences. Its major subsidiaries engage in structural and steel construction services, supporting healthcare and biotechnology product development, and operating over-the-air (OTA) broadcasting stations.
Type
Public
Status
Active
Founded
1994
HQ
New York, NY, US | view all locations
Website
https://innovatecorp.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key people

  • Wayne Barr, Jr.

    Wayne Barr, Jr., President and Chief Executive Officer

    • Michael Sena

      Michael Sena, Chief Finance Officer

    • Suzi Herbst

      Suzi Herbst, Chief Operating Officer

      • Joseph Ferraro

        Joseph Ferraro, Chief Legal Officer & Corporate Secretary

      Operating MetricsView all

      Twelve-Month Remaining Performance Obligations

      $1B
      163.4%

      FY, 2021

      Backlog (Construction)

      $410.3M
      12.4%

      Q2, 2020

      Remaining Performance Obligations

      $1.6B
      309.3%

      FY, 2021

      LocationsView all

      1 location detected

      • New York, NY HQ

        United States

        295 Madison Ave 12th floor

      INNOVATE Corp. Financials

      Summary financials

      Revenue (Q3, 2022)
      $423.0M
      Gross profit (Q3, 2022)
      $58.4M
      Net income (Q3, 2022)
      ($6.7M)
      Cash (Q3, 2022)
      $25.8M
      EBIT (Q3, 2022)
      $6.6M
      Enterprise value
      $891.1M

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