Company SeparationThe separation will reduce the number of RemainCo manufacturing facilities to 7 from 19 as a combined company, simplifying the business and unlocking shareholder value.
Revenue GuidanceManagement raised their 2025 reported revenue guidance due to a reduced currency headwind.
Third-Party InterestTFX has started to engage potential buyers for NewCo, and the interest in acquiring NewCo is described as significant, validating the separated businesses as good assets.