Event-Driven Stocks

Spin-offSpun off from Crane

The two companies

Parent
Crane
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Other
Industry
Exchange
State of incorporation
Record date
Distribution date
Ratio
Parent sector
Form
10-12B
Filed
September 21, 1999

Financials — parent vs spin-off

SEC XBRL · latest year
Crane

No XBRL financials available.

HUTTIG BUILDING PRODUCTS INCFY21
Revenue
$938M
Operating income
$54M
Net income
$49M
Total assets
$310M
Equity
$93M

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 1/5 favorable · factors, not advice
  • Return on capital employed28%

    EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.

  • Operating margin5.7%

    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-off26.7 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.

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.