Originally a Spinoff from Centex Corp. back in January 2004, Eagle Materials, Inc. (EXP) is now looking to perform its own break-up after 15 years of slowly diversifying its building materials operations. Since its own listing, EXP has provided shareholders with a sizable return over the S&P MidCap 400 Index (+434% vs. +316%), and the management expects splitting the Heavy and Light Materials businesses will lead to similar growth in their respective spaces.
19 Aug 2019
Despite the specter of debt transferred from Honeywell International, Inc. (HON) in its Spinoff back in October 2018, Resideo Technologies, Inc. (REZI) has managed to keep its liability repayments under control and is regaining traction on its 2H-weighted earnings results. Furthermore, the management expects a margin rebound in the coming months on the back of cost saving measures, providing investors with a reason to continue holding the stock.
15 Aug 2019
After a restructuring implemented in January 2018, an acquirer pulling the plug on any takeover play and reviewing all options for the separation of its Cash Solutions businesses, the Board of G4S Plc (GFS LN) officially announced that it will Spinoff this unit by 1H 2020.
15 Aug 2019
Eleven years since its original break-up, global satellite provider EchoStar Corp (SATS) revealed last week that it will be Spinning off its Broadcast Satellite Service (BSS) business and then immediately merging it with DISH Network Corp. (DISH). The management have guided for on or after September 10, 2019 as its Spinoff date.
13 Aug 2019
Since its Spinoff from VF Corp. (VFC) in May 2019, Kontoor Brands, Inc. (KTB) has emerged from its post-Spin selling pressure with plenty of positives to back up its recent share price recovery. These include the company's maiden earnings outperforming, a dividend yield of 6.6% (peer LEVI has no dividend), insulation against tariffs, and steadily improving margins. Though it listed with an index play and debt transfer against its favor, these results show KTB is positioned for strength ahead.
12 Aug 2019
In a strong final earnings release prior to the October 1, 2019 Spinoff of its Auto business, Nuance Communications, Inc. (NUAN) beat expectations on all measures. The company also took the opportunity to update shareholders on the Spinoff progress, including the name and board of the new business. We're positive on both the nimble and focused core healthcare and enterprise Parent NUAN and the high-margin and high-growth Spinoff.
12 Aug 2019