Company INNOVATE Corp.

Equities

VATE

US45784J1051

Construction & Engineering

Market Closed - Nyse 04:00:02 2024-03-18 pm EDT 5-day change 1st Jan Change
0.631 USD -3.71% Intraday chart for INNOVATE Corp. -6.78% -48.70%

Business Summary

INNOVATE Corp. is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. Its Infrastructure segment is comprised of DBM Global Inc. (DBMG) and its wholly owned subsidiaries. DBMG is a fully integrated industrial construction, structural steel and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, and also fabricates trusses and girders and specializes in the fabrication and erection of large-diameter water pipe and water storage tanks, as well as three-dimensional (3D) Building Information Modeling (BIM) and detailing. Its Life Sciences segment is comprised of Pansend Life Sciences, LLC (Pansend), that is focused on supporting healthcare and biotechnology product development. Spectrum segment is comprised of HC2 Broadcasting Holdings Inc. (Broadcasting) and its subsidiaries. Broadcasting acquires and operates over-the-air broadcasting stations across the United States.

Number of employees: 3,985

Sales per Business

USD in Million2022Weight2023Weight Delta
Infrastructure
98.2 %
1,594 97.4 % 1,397 98.2 % -12.36%
Spectrum
1.6 %
39 2.4 % 23 1.6 % -41.86%
Life Sciences
0.2 %
4 0.3 % 3 0.2 % -23.26%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,637 100.0 % 1,423 100.0 % -13.09%

Managers

Managers TitleAgeSince
Chief Executive Officer 64 23-07-24
Director of Finance/CFO 51 15-05-31
- -

Members of the board

Members of the board TitleAgeSince
Chairman 63 20-05-12
Director/Board Member 71 16-06-14
Director/Board Member 63 22-06-27
Director/Board Member 52 22-08-01

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 80,722,983 48,938,841 ( 60.63 %) 1,487,992 ( 1.843 %) 60.63 %

Shareholders

NameEquities%Valuation
Lancer Venture Capital
24.46 %
19,384,196 24.46 % 15 M $
Jefferies LLC
6.879 %
5,450,314 6.879 % 4 M $
5,129,520 6.474 % 4 M $
Tontine Associates LLC
4.782 %
3,789,153 4.782 % 3 M $
BlackRock Advisors LLC
4.321 %
3,424,083 4.321 % 3 M $
3,354,600 4.234 % 3 M $
Goldman Sachs & Co. LLC
3.472 %
2,751,089 3.472 % 2 M $
Vanguard Fiduciary Trust Co.
3.027 %
2,398,704 3.027 % 2 M $
ARS Investment Partners LLC
2.239 %
1,773,766 2.239 % 1 M $
Paul Voigt
1.704 %
1,350,179 1.704 % 1 M $
NameEquities%Valuation
Continental General Holdings LLC
100.00 %
10,000 100.00 % 7 840 $
NameEquities%Valuation
Continental General Holdings LLC
100.00 %
6,125 100.00 % 4 802 $

Holdings

NameEquities%Valuation
33,000 0.33% 333,300 $

Company contact information

INNOVATE Corp.

295 Madison Avenue 12th floor

10017, New York

+212 235 2691

http://www.innovatecorp.com
address INNOVATE Corp.(VATE)