INNOVATE Corp.

INNOVATE Corp. is a diversified holding company operating primarily through three distinct reportable business segments: Infrastructure, Life Sciences, and Spectrum. Through its Infrastructure business, DBM Global Inc., the enterprise provides comprehensive steel fabrication, erection, pre-construction design-assist, construction modeling, and heavy industrial maintenance services. Its Life Sciences segment focuses on biotechnology and medical device innovations, including aesthetic skin cooling technologies and treatments for knee osteoarthritis. The Spectrum division operates over-the-air broadcasting stations across the United States and Puerto Rico. The company primarily serves commercial developers, general contractors, industrial plant operators, aesthetic dermatology practices, and healthcare facilities.

DBM Global Inc. is headquartered in Phoenix, Arizona, maintaining domestic facilities across fifteen U.S. states alongside international operations in Australia, Canada, India, New Zealand, the Philippines, Thailand, and the United Kingdom. Its infrastructure operations include twelve domestic steel fabrication shops and thirty-three international sales and management locations. As of year-end 2025, INNOVATE employed 3,587 full-time personnel and 151 part-time workers across its subsidiaries.

Summary of the business section of Innovate's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, we had 3,587 full-time employees and 151 part-time employees, including the employees of our operating businesses as described in more detail below.”