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HC2 Holdings

 

Buy HC2 Holdings stocks

HC2 HOLDINGS (HCHC) Stocks

ABOUT HC2 HOLDINGS

? HC2 Holdings, Inc. is a diversified, financial holding company.

? Together with its subsidiaries, it serves energy, construction, life sciences, marine services, telecommunications, insurance, broadcasting and several other industries.

? DBM Global is one of the company’s most successful subsidiaries and one of the largest steel construction companies in the United States.

? HC2 Holdings Inc. is headquartered in Herndon, Virginia. The company employs more than 4 100 people.

HISTORY OF HC2 HOLDINGS

  • Primus Telecommunications Group, Inc. is created in 1994 and focuses on expanding around world-wide. It enters the United States market in 1995.

  • In 1996 the company buys Axicorp, the largest telecommunications service provider in Australia. The company has its initial public offering the same year, which is completed in 1997.

  • During the following years Primus builds an Australian switched network and purchases several companies.

  • It buys Cam-Net Communications Network Inc., adding the Canadian long-distance market to its portfolio. The same year it expands into Japan, Germany, South Africa, Austria and Switzerland when it buys Telepassport LLC as well as assets of USFI Inc.

  • In 1998 TresCom International Inc. is purchased for a price of US Dollar 125 million. By now the company has nearly 200 customers in different markets across Europe, North America and the Asia Pacific locations.

  • During the next few years several more acquisitions take place and the company offers its services in 11 countries that include The Netherlands, Sweden, France, Denmark, Norway, Spain and Italy.

  • In 2014 Primus Telecommunications Group, Inc. is renamed HC2 Holdings, Inc. when HRG Group Inc. buys 40.5% stake in the company.

VISION & VALUES OF HC2 HOLDINGS

  • HC2 Holdings, Inc. values its customers and shareholders.

  • The company’s goal is to be the leader in its industries.

  • It aims to generate sustainable free cash flow, provide shareholders with positive earnings and customers with quality services and products.

  • HC2 Holdings, Inc. has achieved considerable growth and great success during the years.

  • In 2002 the company is recognized as the fifth largest international public switched telephone network in the world.

  • In 2003 the company appears on the Russell 3000 Index, making it some of the largest companies in the United States based on market capitalization.

  • In 2004 it becomes a Fortune 1000 company and it is ranked as one of the largest United States public companies by Forbes Magazine.

MARKET PERFORMANCE OF HC2 HOLDINGS

  • HC2 Holdings, Inc. trades on the New York Stock Exchange under the NYSE stock symbol “HCHC”.

  • Data analysis for the company’s quarterly period ending June 30, 2019 reports a net revenue of US Dollar 518.6 million.

  • Net income US Dollar 9.2 million. Total assets US Dollar 6,883.2 million. Cash and cash equivalents are US Dollar 280.4 million.

  • Preferred dividends, deemed dividends and repurchase gains are US Dollar 0.4 million.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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