INNOVATE Corp. financial data

Symbol
VATE on NYSE
Industry
Fabricated Structural Metal Products
Location
295 Madison Avenue, 12 Th Floor, New York, New York
State of incorporation
Delaware
Fiscal year end
December 31
Former names
HC2 Holdings, Inc. (to 9/10/2021), HC2 HOLDINGS, INC. (to 9/10/2021), PTGi HOLDING, INC. (to 4/11/2014), PRIMUS TELECOMMUNICATIONS GROUP INC (to 10/18/2013)
Latest financial report
Q1 2024 - May 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 105 % -10.5%
Quick Ratio 4.26 % -7.78%
Debt-to-equity -710 % +24.9%
Return On Equity 29.7 % -12.4%
Return On Assets -4.19 % -44%
Operating Margin 0.82 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 79.2M shares +0.57%
Common Stock, Shares, Outstanding 79.9M shares +1.06%
Entity Public Float 86.3M USD +1.65%
Common Stock, Value, Issued 100K USD 0%
Weighted Average Number of Shares Outstanding, Basic 78.7M shares +1.29%
Weighted Average Number of Shares Outstanding, Diluted 78.7M shares +1.29%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.64B USD +35.9%
Revenue from Contract with Customer, Excluding Assessed Tax 1.42B USD -7.92%
Cost of Revenue 1.2B USD -9.64%
Operating Income (Loss) 33.3M USD +283%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -44.1M USD -23.5%
Income Tax Expense (Benefit) 6.9M USD +3350%
Net Income (Loss) Attributable to Parent -43.6M USD -34.2%
Earnings Per Share, Basic -0.57 USD/shares -18.8%
Earnings Per Share, Diluted -0.57 USD/shares -18.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 38.4M USD +131%
Accounts Receivable, after Allowance for Credit Loss, Current 269M USD +6.15%
Inventory, Net 21.8M USD +2.35%
Other Assets, Current 13.1M USD -10.9%
Assets, Current 429M USD -11.9%
Deferred Income Tax Assets, Net 1.9M USD +11.8%
Operating Lease, Right-of-Use Asset 57M USD -11.6%
Intangible Assets, Net (Excluding Goodwill) 177M USD -4.84%
Goodwill 127M USD -0.08%
Other Assets, Noncurrent 60.4M USD -15%
Assets 944M USD -9.64%
Accrued Liabilities, Current 50.5M USD +12.2%
Contract with Customer, Liability, Current 125M USD +19.5%
Liabilities, Current 349M USD -6.81%
Long-term Debt and Lease Obligation 642M USD -3.43%
Deferred Income Tax Liabilities, Net 4.2M USD +13.5%
Operating Lease, Liability, Noncurrent 46.8M USD -12.7%
Other Liabilities, Noncurrent 83.4M USD -22.5%
Liabilities 1.08B USD -6.26%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.1M USD -40%
Retained Earnings (Accumulated Deficit) -505M USD -9.46%
Stockholders' Equity Attributable to Parent -184M USD -30.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -173M USD -46.7%
Liabilities and Equity 944M USD -9.64%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -25.4M USD +67%
Net Cash Provided by (Used in) Financing Activities -12.9M USD +66.1%
Net Cash Provided by (Used in) Investing Activities -3.3M USD -106%
Common Stock, Shares Authorized 160M shares 0%
Common Stock, Shares, Issued 81.4M shares +1.04%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -42.4M USD +34%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 39.9M USD +122%
Interest Paid, Excluding Capitalized Interest, Operating Activities 19.6M USD +0.51%
Deferred Tax Assets, Valuation Allowance 111M USD +8.96%
Deferred Tax Assets, Gross 178M USD +4.41%
Operating Lease, Liability 60.3M USD -12.9%
Depreciation 25.1M USD -1.57%
Payments to Acquire Property, Plant, and Equipment 5.6M USD +51.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -44.2M USD -7.81%
Lessee, Operating Lease, Liability, to be Paid 73.6M USD -13.1%
Operating Lease, Liability, Current 13.5M USD -13.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 10.1M USD -14.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 13.6M USD -11.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) 100K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 13.3M USD -14.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.5M USD -9.64%
Deferred Tax Assets, Operating Loss Carryforwards 74.7M USD -9.46%
Deferred Federal Income Tax Expense (Benefit) 300K USD
Current Income Tax Expense (Benefit) 9.8M USD
Preferred Stock, Shares Authorized 20M shares
Unrecognized Tax Benefits 17.6M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 5.9M USD -1.67%
Operating Lease, Payments 21.5M USD -8.12%
Current State and Local Tax Expense (Benefit) 4.5M USD +55.2%
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 9.1M USD -44.5%
Depreciation, Depletion and Amortization 8.4M USD -17.6%
Share-based Payment Arrangement, Expense 2.1M USD 0%
Deferred State and Local Income Tax Expense (Benefit) 200K USD +100%
Interest Expense 69.8M USD +26.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares