INNOVATE Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 423 million compared to USD 394.8 million a year ago. Net loss was USD 5.4 million compared to USD 211.9 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.16 a year ago. Basic loss per share was USD 0.09 compared to USD 2.75 a year ago. Diluted loss per share was USD 0.09 compared to USD 2.75 a year ago.
For the nine months, sales was USD 1,228 million compared to USD 810.4 million a year ago. Net loss was USD 30.2 million compared to USD 222.8 million a year ago. Basic loss per share from continuing operations was USD 0.44. Diluted loss per share from continuing operations was USD 0.44. Basic loss per share was USD 0.44 compared to USD 2.92 a year ago. Diluted loss per share was USD 0.44 compared to USD 2.92 a year ago.