Earnings ·
INNOVATE Corp. reported second quarter 2026 results with consolidated revenue of $421.6 million, a 74.2% increase from…
VATEINNOVATE Corp.
INNOVATE Corp. reported second quarter 2026 results with consolidated revenue of $421.6 million, a 74.2% increase from the prior year period. Net income attributable to common stockholders was $10.4 million, or $0.71 per diluted share, compared to a net loss of $22.0 million in the same quarter last year. Total Adjusted EBITDA rose 194.9% to $46.3 million. The Infrastructure segment drove growth with DBM Global reporting record revenue of $414.0 million and adjusted backlog reaching $2.7 billion. In the Spectrum segment, Broadcasting closed a $105 million refinancing and agreed to sell a controlling 75% interest to CONX Corp., leaving INNOVATE with a 25% stake. The company operates in infrastructure construction, life sciences medical devices, and broadcasting.