VATE — Innovate Corp

Innovate Corp (VATE) is a engineering & construction company listed on NYSE. It is led by Paul Kenneth Voigt, based in 295 Madison Avenue, New York, NY, United States, 10017, with about 3,700 employees. INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

Latest reported VATE revenue for 2025-09-30 was $347.1M. Net income was -$9.6M. Revenue was up 43.4% from 2025-06-30 to 2025-09-30. VATE currently screens at market cap $226.3M.

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