INNOVATE Corp. reports 36% revenue growth and 55% Adjusted EBITDA increase for FY 2022

INNOVATE Corp.

Full-year revenue $1.64B (+36% YoY); Q4 revenue $409.3M (+3.7% YoY).
Net loss attributable to common stockholders narrowed to $40.8M ($0.53/share) from $229.7M ($2.98/share) in FY 2021.
Total Adjusted EBITDA FY 2022 $68.1M (+55% YoY); Q4 $28.1M (+27% YoY).
Infrastructure (DBM Global) revenue $1.59B (+37% YoY); backlog $1.8B at year-end.
Regained NYSE continued listing compliance as of Jan 3, 2023 after prior deficiency notice.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNOVATE Corp. reported Years Ended December 31, 2022 results: revenue $ 1,637.3, net income $ (40.8), EPS $ (0.53).

Period: Years Ended December 31, 2022
Revenue: $ 1,637.3
Net income: $ (40.8)
EPS: $ (0.53)
Result: reported results

Exact text from the filing

Revenue $ 409.3 $ 394.8 3.7 % $ 1,637.3 $ 1,205.2 35.9 % Net loss attributable to common stockholders $ (7.0) $ (5.2) (34.6) % $ (40.8) $ (229.7) 82.2 % Diluted loss per share - Net loss attributable to common stockholders $ (0.09) $ (0.07) (28.6) % $ (0.53) $ (2.98) 82.2 %

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNOVATE Corp. reported Three Months Ended December 31, 2022 results: revenue $ 409.3, net income $ (7.0), EPS $ (0.09).

Period: Three Months Ended December 31, 2022
Revenue: $ 409.3
Net income: $ (7.0)
EPS: $ (0.09)
Result: reported results

Exact text from the filing

Revenue $ 409.3 $ 394.8 3.7 % $ 1,637.3 $ 1,205.2 35.9 % Net loss attributable to common stockholders $ (7.0) $ (5.2) (34.6) % $ (40.8) $ (229.7) 82.2 % Diluted loss per share - Net loss attributable to common stockholders $ (0.09) $ (0.07) (28.6) % $ (0.53) $ (2.98) 82.2 %

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INNOVATE Corp. filing history →

Source: SEC EDGAR

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