INNOVATE Corp. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 317.9 million compared to USD 412.8 million a year ago.

Net loss was USD 9 million compared to USD 12.4 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.18 a year ago.