Small, mid and large cap companies that discussed plans to spin-off a business line in an earnings call or 8-K this quarter
| ticker | Company Name | Upcoming spin-off / divestiture | Timing / status | Details | Source | Market Cap | Subsector |
|---|---|---|---|---|---|---|---|
| TXT | Textron Inc. | Textron announced its intent to separate its Industrial segment from its aerospace and defense businesses. Management said it will explore “multiple paths,” including “a sale of the industrial businesses or a tax-free spin-off into a stand-alone publicly traded company.” The Industrial segment is composed of Kautex and Textron Specialized Vehicles. | Targeted completion “within 12 to 18 months” / “over the coming quarters.” | Textron announced its intent to separate its Industrial segment, composed of Kautex and Textron Specialized Vehicles, from its core aerospace and defense businesses. It may pursue either a sale of the Industrial businesses or a tax-free separation into a standalone public company. The divested/spun business is the Industrial segment, specifically Kautex and Textron Specialized Vehicles. No size, valuation, or expected proceeds were provided in the supplied matches. | Apr 30, 2026 Earnings Call; 2026-04-30 8-K | $15.83B | Aerospace & Defense |
| CAE | CAE Inc. | Management said it has identified “several opportunities for network rationalization and potential noncore divestitures.” | Specific targets expected “after next quarter.” | CAE said it identified several opportunities for network rationalization and potential noncore divestitures, but no specific business, size, valuation, or expected proceeds were provided in the supplied matches. | Feb 13, 2026 Earnings Call | $8.67B | Aerospace & Defense |
| SPB | Spectrum Brands Holdings, Inc. | Management said HPC has optionality to become a strategic partner “whether through a sale, M&A or a spin-off.” | Optionality discussed; no firm timing disclosed in the cited match. | Spectrum Brands said a strategic investment from Oaktree in its Home and Personal Care (HPC) business is a further step in its previously announced commitment to separate the HPC business from its other businesses. The transaction provides $127 million in cash before fees, consisting of $67 million of convertible preferred equity and $60 million of a first lien term loan recourse only to the HPC business. After closing, Oaktree is expected to hold approximately a 27% equity stake in HPC. The business is the Home and Personal Care business; no further end-market description was provided in the supplied matches. | May 7, 2026 Earnings Call | $1.89B | Household & Personal Products |
