HC2 Holdings, Inc., through its subsidiaries, provides construction, insurance, life sciences, broadcasting, and other services in the United States, the United Kingdom, and internationally. The company models, details, fabricates, and erects structural steel for commercial and industrial, and infrastructure construction projects, including building and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants. It also fabricates trusses and girders; and fabricates and erects water pipes, water storage tanks, pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. In addition, the company provides equipment for the oil and gas industry. Further, it offers long-term care, life, annuity, and other accident and health coverage; focuses on developing products for early osteoarthritis of the knee, as well as skin lightening technology; and operates over-the-air broadcasting stations and Azteca America, a Spanish-language broadcast network. The company was formerly known as PTGi Holding Inc. and changed its name to HC2 Holdings, Inc. in April 2014. HC2 Holdings, Inc. was founded in 1994 and is headquartered in New York, New York.
IPO Year: n/a
Exchange: NYSE
Website: hc2.com
NEW YORK, Dec. 31, 2020 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) announced today that it has agreed to sell its majority-owned clean energy subsidiary Beyond6, Inc. (“Beyond6”) to Mercuria Investments US, Inc. (“Mercuria”) for approximately $169 million. HC2, which owns approximately 61% of Beyond6 on a fully diluted basis, expects to receive approximately $65 million in cash, subject to customary closing adjustments. “The sale of Beyond6 is another significant step forward for HC2 as our Board continues to actively evaluate businesses across our portfolio and monetize assets that improve our capital structure and provide increased flexibility, which wi
NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC) today announced that its Board of Directors ("Board") has adopted a tax benefits preservation plan designed to protect the availability of HC2's net operating loss carryforwards ("NOLs") and other tax attributes under the Internal Revenue Code ("Tax Benefits Preservation Plan"). As of December 31, 2020, HC2 had approximately $170.3 million of federal NOLs and $175.3 million of Section 163j interest limitation carryforwards available to offset its future taxable income. However, if the Company were to experience an ownership change as defined in Section 382 of the Code, its ability to utiliz
NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC), announced today that its infrastructure business DBM Global Inc. ("DBM") (OTC:DBMG), a family of companies providing fully integrated steel construction services, will pay a cash dividend of approximately $5 million, or $1.297 per share, on August 31, 2021 to DBM stockholders of record at the close of business on August 16, 2021. As the largest stockholder of DBM Global Inc., HC2 expects to receive approximately $4.5 million of the total $5 million dividend payout. HC2 individual stockholders are not eligible to receive the cash dividend. About HC2HC2 Holdings is being renamed INNOVATE Cor
PHOENIX, Ariz., Aug. 06, 2021 (GLOBE NEWSWIRE) -- DBM Global Inc. (OTC:DBMG), a family of companies providing fully integrated steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), announced today that it will pay a cash dividend of approximately $5 million, or $1.297 per share, on August 31, 2021 to DBM Global Inc. stockholders of record at the close of business on August 16, 2021. About DBM Global Inc. DBM Global is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction and superior asset management solutions. DBM Global offe
- Infrastructure: DBM Global's backlog increased to $1.6 billion following Banker Steel Acquisition -- Life Sciences: HC2 Increased its Stake in R2 Technologies -- Name Change to INNOVATE Corp Reflects Platform of Innovative Infrastructure, Life Sciences and Spectrum Businesses - NEW YORK, Aug. 06, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE:HCHC), a diversified holding company, announced today its consolidated results for the second quarter ended June 30, 2021. Financial Summary (in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 Increase / (Decrease) 2021 2020 Increase / (Decrease)Revenue $243.8 $181.
NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC), announced today that it will release its financial results for the second quarter 2021 on Friday, August 6, 2021 before the market opens. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 8:30 a.m. ET. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the internet and can be accessed by all interested parties through HC2's Investor Relations website at ir.hc2.com. To listen to the live call, please go to the "Investor Relatio
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NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC) today announced that its Board of Directors ("Board") has adopted a tax benefits preservation plan designed to protect the availability of HC2's net operating loss carryforwards ("NOLs") and other tax attributes under the Internal Revenue Code ("Tax Benefits Preservation Plan"). As of December 31, 2020, HC2 had approximately $170.3 million of federal NOLs and $175.3 million of Section 163j interest limitation carryforwards available to offset its future taxable income. However, if the Company were to experience an ownership change as defined in Section 382 of the Code, its ability to utiliz
NEW YORK, Aug. 19, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE:HCHC) today announced that its previously announced name change to INNOVATE Corp. is expected to take effect on Monday, September 20, 2021, along with the launch of a new corporate brand identity and website. The Company is expected to commence trading on the New York Stock Exchange under the trading symbol VATE at market open on September 20, 2021. Until that time, the Company will continue to trade on the New York Stock Exchange under its present symbol, HCHC. There is no change in the Company's capitalization structure as a result of the name change. The name INNOVATE reflects the Company's focus on innovative growth
NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC), announced today that its infrastructure business DBM Global Inc. ("DBM") (OTC:DBMG), a family of companies providing fully integrated steel construction services, will pay a cash dividend of approximately $5 million, or $1.297 per share, on August 31, 2021 to DBM stockholders of record at the close of business on August 16, 2021. As the largest stockholder of DBM Global Inc., HC2 expects to receive approximately $4.5 million of the total $5 million dividend payout. HC2 individual stockholders are not eligible to receive the cash dividend. About HC2HC2 Holdings is being renamed INNOVATE Cor
PHOENIX, Ariz., Aug. 06, 2021 (GLOBE NEWSWIRE) -- DBM Global Inc. (OTC:DBMG), a family of companies providing fully integrated steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), announced today that it will pay a cash dividend of approximately $5 million, or $1.297 per share, on August 31, 2021 to DBM Global Inc. stockholders of record at the close of business on August 16, 2021. About DBM Global Inc. DBM Global is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction and superior asset management solutions. DBM Global offe
- Infrastructure: DBM Global's backlog increased to $1.6 billion following Banker Steel Acquisition -- Life Sciences: HC2 Increased its Stake in R2 Technologies -- Name Change to INNOVATE Corp Reflects Platform of Innovative Infrastructure, Life Sciences and Spectrum Businesses - NEW YORK, Aug. 06, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE:HCHC), a diversified holding company, announced today its consolidated results for the second quarter ended June 30, 2021. Financial Summary (in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 Increase / (Decrease) 2021 2020 Increase / (Decrease)Revenue $243.8 $181.
NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC), announced today that it will release its financial results for the second quarter 2021 on Friday, August 6, 2021 before the market opens. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 8:30 a.m. ET. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the internet and can be accessed by all interested parties through HC2's Investor Relations website at ir.hc2.com. To listen to the live call, please go to the "Investor Relatio
NEW YORK, July 21, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC) today announced that it has provided an additional $15 million in Series C funding to R2 Technologies Inc. ("R2") at a post-money valuation of $150 million. The investment was made through HC2's life sciences subsidiary Pansend Life Sciences ("Pansend"), a founding investor in R2. The funds will be used to expand R2's corporate footprint and to accelerate U.S. commercialization of Glacial Rx™, its first-to-market revolutionary CryoAesthetic™ treatment, which is FDA-cleared to remove benign lesions and temporarily reduce pain, swelling and inflammation. The investment also will fuel global g
Name Change to INNOVATE Corp. Expected in Q3 2021 Focused on Infrastructure, Life Sciences and Spectrum NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE:HCHC) today announced that it will change its name to INNOVATE Corp. The name change is expected to become effective by the end of the third quarter of 2021. "The name INNOVATE perfectly describes our corporate ethos – INNOVATE is who we are and INNOVATE is what we do," said Avie Glazer, Chairman of HC2. "INNOVATE is best-in-class assets in three key areas of the new economy – infrastructure, life sciences and spectrum." "Today's announcement sets us on a path dedicated to stakeholder capitalism and sustainable valu
NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE:HCHC) announced today that it has completed the previously announced sale of its insurance segment, comprised of Continental Insurance Group Ltd. and its wholly-owned subsidiaries, Continental General Insurance Company and Continental LTC Inc. (collectively, "Continental"), to Continental General Holdings LLC, an entity controlled by Michael Gorzynski. The total transaction value of approximately $90 million consists of a combination of $65 million in cash plus securities, including certain assets of Continental. Mr. Gorzynski, a director of the Company and beneficial owner of approximately 6.6%
Leading Structural Steel Fabricator and Erector Acquired by DBM Global Inc., a Portfolio Company of HC2 Atlas Holdings ("Atlas") announced today that it has closed the previously announced sale of portfolio company Banker Steel to DBM Global Inc. ("DBM Global"), a family of companies providing fully integrated structural and steel construction services. DBM Global is an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), a diversified holding company with interests primarily in Infrastructure, Life Sciences and Spectrum. Atlas invested in Banker Steel in 2014 and working together with founder Don Banker, expanded the company's footprint and further elevated its reputation as a premier
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8-K - INNOVATE Corp. (0001006837) (Filer)
8-K - INNOVATE Corp. (0001006837) (Filer)
8-K/A - HC2 HOLDINGS, INC. (0001006837) (Filer)
CERT - HC2 HOLDINGS, INC. (0001006837) (Filer)
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8-K - HC2 HOLDINGS, INC. (0001006837) (Filer)
8-K - HC2 HOLDINGS, INC. (0001006837) (Filer)
8-K/A - HC2 HOLDINGS, INC. (0001006837) (Filer)
8-K - HC2 HOLDINGS, INC. (0001006837) (Filer)
10-Q - HC2 HOLDINGS, INC. (0001006837) (Filer)