Spin-off
- Sector
- Other
- Industry
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- Exchange
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- State of incorporation
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- Record date
- —
- Distribution date
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- Ratio
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- Parent sector
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- Form
- 10-12G
- Filed
- February 12, 1999
Financials — parent vs spin-off
SEC XBRL · latest yearNo XBRL financials available.
- Revenue
- $832M
- Operating income
- $187M
- Net income
- $160M
- Total assets
- $942M
- Equity
- $698M
Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.
Spin-off signals
score 3/6 favorable · factors, not advice- Leverage (liabilities/assets)26%
A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.
- Return on capital employed24%
EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.
- Operating margin22%
Profitability of the standalone business, from its own SEC filings.
- Tax-basis reportNone found
A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.
- Insider buying (post-spin)None recorded
Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.
- Time since spin-off27.3 years
Studies find the spin-off return premium concentrates in roughly the first one to three years.
Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗
Filings & documents
Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.
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