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About
INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.
The current price of VATE is $10.16 USD — it has decreased by -11.11% in the past 24 hours. Watch Innovate stock price performance more closely on the chart.
What is Innovate stock ticker?▼
Depending on the exchange, the stock ticker may vary. For instance, on XNYS exchange Innovate stocks are traded under the ticker VATE.
Is Innovate stock price growing?▼
VATE stock has fallen by -31.4% compared to the previous week, the month change is a -36.7% fall, over the last year Innovate has showed a +81.75% increase.
What is Innovate market cap?▼
Today Innovate has the market capitalization of 138.6M
When is the next Innovate earnings date?▼
Innovate is going to release the next earnings report on August 12, 2026.
What were Innovate earnings last quarter?▼
VATE earnings for the last quarter are -1.29 USD per share, whereas the estimation was N/A USD resulting in a N/A surprise. The estimated earnings for the next quarter are N/A USD per share.
What is Innovate revenue for the last year?▼
Innovate revenue for the last year amounts to 1.25B USD.
What is Innovate net income for the last year?▼
VATE net income for the last year is -64M USD.
Does Innovate pay dividends?▼
Yes, VATE dividends are paid annual. The last dividend per share was 25.9 USD. As of today, Dividend Yield (FWD)% is 0%.
How many employees does Innovate have?▼
As of July 10, 2026, the company has 3,135 employees.
In which sector is Innovate located?▼
Innovate operates in the Manufacturing sector.
When did Innovate complete a stock split?▼
The last stock split for Innovate was on August 09, 2024 with a ratio of 1:10.
Where is Innovate headquartered?▼
Innovate is headquartered in New York, United States.