Innovate (Innovate) Pre-Tax Income : $-44.10 Mil (TTM As of Mar. 2024)

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What is Innovate Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Innovate's pretax income for the three months ended in Mar. 2024 was $-16.80 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was $-44.10 Mil. Innovate's pretax margin was -5.33%.

During the past 13 years, Innovate's highest Pretax Margin was 9.22%. The lowest was -6.70%. And the median was -3.41%.

Innovate Pre-Tax Income Historical Data

The historical data trend for Innovate's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Innovate Pre-Tax Income Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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-41.80

-46.70

-80.70

-41.10

-34.40

Innovate Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pre-Tax Income	Get a 7-Day Free Trial															-7.10	-10.50	-7.50	-9.30	-16.80

Competitive Comparison of Innovate's Pre-Tax Income

For the Engineering & Construction subindustry, Innovate's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovate's Pre-Tax Income Distribution in the Construction Industry

For the Construction industry and Industrials sector, Innovate's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Innovate's Pre-Tax Income falls into.

Innovate Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Innovate's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	26.5	+	7.3	+	-68.2	+	0	+	7.105427357601E-15
	=	-34.40

Innovate's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	2.8	+	-2.4	+	-17.2	+	0	+	-3.5527136788005E-15
	=	-16.80

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-44.10 Mil.

Innovate (OTCPK:HCCDZ.PFD) Pre-Tax Income Explanation

Innovate's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-16.8	/	315.2
	=	-5.33%

During the past 13 years, Innovate's highest Pretax Margin was 9.22%. The lowest was -6.70%. And the median was -3.41%.

Innovate Pre-Tax Income Related Terms

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Innovate (Innovate) Business Description

Industry

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Comparable Companies

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VATE:USA PSTA:Germany

Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

https://www.innovatecorp.com

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.