Earnings Call Summary | Innovate Corp(VATE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Innovate Corp(VATE.US) Q1 2024 Earnings Conference
The following is a summary of the INNOVATE Corp. (VATE) Q1 2024 Earnings Call Transcript:
以下是創新公司（VATE）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
INNOVATE Corp. reported Q1 2024 revenues of $315.2 million and adjusted EBITDA of $12.8 million.
The margin expanded by approximately 150 basis points to 14.6% in gross and went up year-over-year by approximately 70 basis points to 5.9% in adjusted EBITDA.
Life Sciences revenue increased to $1 million, gaining $0.5 million from the prior year quarter while Spectrum raised its adjusted EBITDA to $1.6 million from $0.4 million in the prior year quarter.
The company reported a net loss of $17.7 million or $0.22 per share.
INNOVATE Corp. 報告稱，2024年第一季度收入爲3.152億美元，調整後的息稅折舊攤銷前利潤爲1,280萬美元。
毛利率增長了約150個點子至14.6％，調整後的息稅折舊攤銷前利潤同比增長約70個點子至5.9％。
生命科學收入增至100萬美元，比上一季度增加了50萬美元，而Spectrum將其調整後的息稅折舊攤銷前利潤從上一季度的40萬美元提高至160萬美元。
該公司報告淨虧損1770萬美元，合每股虧損0.22美元。
Business Progress:
業務進展：
INNOVATE projects significant business growth in 2024 and beyond due to the surge in new work activity in the industrial and modularization sectors of the market.
R2 is expanding its market by launching their product in the Middle East after achieving record high system sales in North America for two consecutive quarters.
Continued progress is being made in exploring opportunities for non-cash flowing businesses, and optimism remains about the overall M&A market with hopes of resolving financial structure issues in 2024.
INNOVATE預計，由於市場工業和模塊化領域的新工作活動激增，2024年及以後的業務將大幅增長。
在連續兩個季度在北美實現創紀錄的系統銷售額之後，R2正在通過在中東推出產品來擴大其市場。
在探索非現金流業務機會方面正在持續取得進展，對整個併購市場仍然持樂觀態度，希望在2024年解決財務結構問題。
More details: Innovate Corp IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。