SEC 8-K filings with transcript text
Jul 30, 2026
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Exhibit 99.1
Solstice Advanced Materials Reports Second Quarter 2026 Results
•Net Sales of $1,148 million up 11% YoY reflecting double-digit growth in Nuclear, Electronic Materials, Refrigerants, and Healthcare Packaging
•Net Income attributable to Solstice Advanced Materials of $119 million, Diluted Earnings per Share (EPS) of $0.75, and Adjusted diluted EPS1 of $0.88
•Adjusted EBITDA1 of $290 million, with Adjusted EBITDA Margin1 of 25.3%
•Operating Cash Flow for the six months ended June 30, 2026 of $461 million, Free Cash Flow1 of $248 million
•Company raises Full-Year 2026 Guidance; now expects Net Sales of $4,125 - $4,185 million, Adjusted EBITDA1 of $1,035 - $1,055 million, and Adjusted Diluted Earnings per Share (EPS)1 of $2.75 - $2.95
MORRIS PLAINS, N.J., July 30, 2026 – Solstice Advanced Materials (Nasdaq: SOLS) (“Solstice” or “the Company”), a global leader in high-performance specialty materials, today reported financial results for the second quarter of 2026.
"Solstice delivered strong second-quarter results with double-digit growth across four of our seven reported businesses," said David Sewell, President and Chief Executive Officer. "We are executing well on our organic growth strategy while positioning for the future: our agreement to acquire Element Solutions accelerates our strategy to build a scaled advanced materials platform aligned with the most powerful trends in our markets, including AI, data centers, nuclear energy, and semiconductor manufacturing.”
Consolidated Financial Highlights For The Three Months Ended June 30,
(Dollars in millions, except per share amounts)20262025 % Change
Net Sales$1,148$1,03311%
Net Income attributable to Solstice Advanced Materials$119$9723%
Diluted EPS$0.75$0.6123%
Adjusted diluted EPS1
Adjusted EBITDA1,2 $290$2832%
Adjusted EBITDA Margin1,2 25.3%27.4%(218) bps
Net Sales in the second quarter of 2026 were $1,148 million, an 11% increase compared to the second quarter of 2025, reflecting a 12% increase in Net Sales in the Refrigerants & Applied Solutions segment and an 8% increase in Net Sales in the Electronic & Specialty Materials segment. Organic Net Sales1 increased by 11% in the second quarter of 2026 driven by both volume growth and favorable pricing.
Net Income attributable to Solstice Advanced Materials in the second quarter of 2026 was $119 million, compared to Net Income attributable to Solstice Advanced Materials of $97 million in the second quarter of 2025. The increase was primarily driven by higher Net Sales and lower income taxes partially offset by higher standalone company operating costs and net interest expense.
Adjusted EBITDA1,2 for the second quarter of 2026 was $290 million, a 2% increase compared to the second quarter of 2025. Adjusted EBITDA Margin1,2 for the second quarter of 2026 decreased 218 basis points to 25.3%. Adjusted EBITDA Margin1,2 was impacted by timing of plant turnaround activity and production incentive credits in the prior year, partially offset by volume growth and favorable pricing.
Financial Position
Operating Cash Flow for the six months ended June 30, 2026 was $461 million. Capital Expenditures3 for the six months ended June 30, 2026 were $186 million, a 35% increase compared to the prior-year period due to planned increases in capital spending intended to drive long-term growth. Free Cash Flow1 for the six months ended June 30, 2026 was $248 million.
1
As of June 30, 2026, the Company’s Total Long-Term Debt was $2.0 billion and Cash and Cash Equivalents were approximately $750 million. As a result, the Company’s Net Leverage ratio was approximately 1.3x based on a trailing twelve-month Adjusted EBITDA1. Total liquidity was approximately $1.75 billion, including Cash and Cash Equivalents and $1.0 billion of availability through the Company’s revolving credit facility.
Capital Deployment
The Company announced on July 17, 2026, that the Board of Directors declared a quarterly dividend of $0.075 per share of common stock outstanding, payable on September 10, 2026, to shareowners of record as of August 27, 2026.
Announced acquisition of Element Solutions
On July 6, 2026, Solstice announced that it had entered into a definitive agreement to acquire Element Solutions in a cash-and-stock transaction. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close in the first half of 2027.
Segment Highlights
Refrigerants & Applied Solutions (RAS)
For The Three Months Ended June 30,
(Dollars in millions)20262025 % Change
Net Sales
Refrigerants$473$41813%
Building Solutions & Intermediates180181(1)%
Nuclear 1259827%
Healthcare Packaging735924%
RAS Segment Net Sales$850$75612%
RAS Segment Adjusted EBITDA $280$298(6)%
RAS Segment Adjusted EBITDA Margin 32.9%39.4%(648) bps
Net Sales for the Refrigerants & Applied Solutions segment were $850 m
May 6, 2026
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Exhibit 99.1
Solstice Advanced Materials Reports First Quarter 2026 Results
•Net Sales of $991 million up 10% YoY reflecting double-digit growth in Nuclear, Electronic Materials, and Refrigerants
•Net Income attributable to Solstice Advanced Materials of $85 million, Diluted Earnings per Share (EPS) of $0.53, and Adjusted diluted EPS1 of $0.63
•Adjusted EBITDA1 of $249 million, with Adjusted EBITDA Margin1 of 25.1%
•Operating Cash Flow of $199 million, Free Cash Flow1 of $124 million
•Company reaffirms Full-Year 2026 Guidance
MORRIS PLAINS, N.J., May 6, 2026 – Solstice Advanced Materials (Nasdaq: SOLS) (“Solstice” or “the Company”), a global leader in high-performance specialty materials, today reported financial results for the first quarter of 2026.
“Solstice delivered a strong start to 2026, with results ahead of our first-quarter outlook and continued momentum in our highest-growth platforms,” said David Sewell, President and Chief Executive Officer. “Demand in Nuclear, Electronic Materials and Refrigerants remains robust, reinforcing our confidence in the secular growth trends driving our business including artificial intelligence, data centers, semiconductor manufacturing and nuclear energy. We are investing behind these opportunities with discipline, while maintaining balance sheet flexibility and returning cash to shareholders through our dividend. Although we continue to manage near-term refrigerant mix dynamics and an uncertain macroeconomic backdrop, our first-quarter execution gives us confidence in our ability to deliver our full-year commitments.”
Consolidated Financial Highlights For The Three Months Ended March 31,
(Dollars in millions, except per share amounts)20262025 % Change
Net Sales$991$89710%
Net Income attributable to Solstice Advanced Materials$85$134(37)%
Diluted EPS$0.53$0.85(37)%
Adjusted diluted EPS1
Adjusted EBITDA1,2 $249$250—%
Adjusted EBITDA Margin1,2 25.1%27.9%(277) bps
Net Sales in the first quarter of 2026 were $991 million, a 10% increase compared to the first quarter of 2025, reflecting a 12% increase in Net Sales in the Refrigerants & Applied Solutions segment and a 7% increase in Net Sales in the Electronic & Specialty Materials segment. Organic Net Sales1 increased by 8% in the first quarter of 2026 driven by both volume growth and favorable pricing.
Net Income attributable to Solstice Advanced Materials in the first quarter of 2026 was $85 million, compared to Net Income attributable to Solstice Advanced Materials of $134 million in the first quarter of 2025. The decline was primarily driven by higher standalone company operating costs, R&D investments, net interest expense, and non-controlling interest, partially offset by higher Net Sales.
Adjusted EBITDA1,2 for the first quarter of 2026 was $249 million relatively unchanged compared to the first quarter of 2025. Adjusted EBITDA Margin1,2 for the first quarter of 2026 decreased 277 basis points to 25.1%. The decrease was primarily driven by previously communicated factors including the near-term margin impact of the ongoing transition to low global warming potential (“LGWP”) refrigerants and higher R&D spend, partially offset by volume growth and favorable pricing.
Financial Position
Operating Cash Flow for the first quarter of 2026 was $199 million. Capital Expenditures3 for the first quarter of 2026 were $82 million, a 32% increase compared to the prior-year period due to planned increases in capital spending intended to drive long-term growth. Free Cash Flow1 for the first quarter of 2026 was $124 million.
1
As of March 31, 2026, the Company’s Total Long-Term Debt was $2.0 billion and Cash and Cash Equivalents were approximately $642 million. As a result, the Company’s Net Leverage ratio was approximately 1.4x based on a trailing twelve-month Adjusted EBITDA1. Total liquidity was approximately $1.6 billion, including Cash and Cash Equivalents and $1.0 billion of availability through the Company’s revolving credit facility.
Capital Deployment
The Company announced on April 27, 2026, that the Solstice Board of Directors approved a quarterly cash dividend of $0.075 per share. The dividend is expected to be paid on June 10, 2026 to shareowners of record as of May 27, 2026.
Segment Highlights
Refrigerants & Applied Solutions (RAS)
For The Three Months Ended March 31,
(Dollars in millions)20262025 % Change
Net Sales
Refrigerants$389$32619%
Building Solutions & Intermediates167183(8)%
Nuclear 1078427%
Healthcare Packaging47439%
RAS Segment Net Sales$711$63612%
RAS Segment Adjusted EBITDA $242$250(3)%
RAS Segment Adjusted EBITDA Margin 34.1%39.3%(522) bps
Net Sales for the Refrigerants & Applied Solutions segment were $711 million in the first quarter of 2026, up 12% compared to the first quarter of 2025. Net Sales in Refrigerants increased 19% in the first quarter of 2026 compared to the first quarter of 2025,
Feb 11, 2026
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Solstice Advanced Materials Reports Fourth Quarter 2025 Results
•Net Sales of $987 million up 8% YoY reflecting double-digit growth in Nuclear (Alternative Energy Services), Electronic Materials, and Refrigerants
•Net Income attributable to Solstice Advanced Materials of $41 million
•Adjusted Standalone EBITDA1 of $189 million, with Adjusted Standalone EBITDA Margin1 of 19.1%
•For Full-Year 2025, Net Sales of $3.9 billion, Net Income attributable to Solstice Advanced Materials of $237 million and Adjusted Standalone EBITDA1 of $957 million with Adjusted Standalone EBITDA Margin1 of 24.6%
•Company provides Full-Year 2026 Guidance; expects Net Sales of $3.9-$4.1 billion, Adjusted EBITDA1 of $975-$1,025 million, Adjusted Diluted Earnings per Share (EPS)1,2 of $2.45-$2.75
MORRIS PLAINS, N.J., February 11, 2026 – Solstice Advanced Materials Inc. (Nasdaq: SOLS) (“Solstice” or “the Company”), a global leader in high-performance specialty materials, today reported financial results for the fourth quarter of 2025.
“I’m pleased to report Solstice’s strong fourth quarter results, with better-than-anticipated results reinforcing the value of our differentiated technology platform and product offerings,” said David Sewell, President and Chief Executive Officer. “We are seeing continued momentum and demand in our businesses aligned with key secular growth trends, such as data centers, A.I., and nuclear energy, underscoring the significant opportunity for long-term growth in the attractive end markets we serve. We are delivering on our commitment to invest in projects that will drive capacity, technology, and operating efficiency in these high-growth areas, including our announcement just yesterday regarding our efforts to expand our nuclear conversion business. In parallel, we remain focused on allocating capital with discipline, and we are pleased to begin returning capital to shareholders through a quarterly dividend announced today.”
Consolidated Financial Highlights For The Three Months Ended December 31,
(Dollars in millions)20252024 % Change
Net Sales$987$9138%
Net Income attributable to Solstice$41$133(69)%
Adjusted Standalone EBITDA1 $189$235(20)%
Adjusted Standalone EBITDA Margin1 19.1%25.8%(662) bps
Net Sales in the fourth quarter of 2025 were $987 million, an 8% increase compared to the fourth quarter of 2024, reflecting a 10% increase in Net Sales in the Refrigerants & Applied Solutions segment and a 4% increase in Net Sales in the Electronic & Specialty Materials segment. Organic Net Sales1 increased by 6% in the fourth quarter driven by favorable pricing and volume growth.
Net Income attributable to Solstice in the fourth quarter of 2025 was $41 million, compared to Net Income attributable to Solstice of $133 million in the fourth quarter of 2024. The decline was primarily driven by higher operating costs, net interest expense, and non-controlling interest, partially offset by higher Net Sales and lower income tax expense.
Adjusted Standalone EBITDA1 for the fourth quarter of 2025 was $189 million, a decrease of 20% compared to the fourth quarter of 2024. Adjusted Standalone EBITDA Margin1 for the fourth quarter of 2025 decreased 662 basis points to 19.1%. The decline was primarily driven by previously anticipated factors including transitory costs, the margin impact of the ongoing transition to low global warming potential (“LGWP”) refrigerants, and the impact of plant downtime and cost absorption, which more than offset strong top line growth.
1
For The Year Ended December 31,
(Dollars in millions)20252024 % Change
Net Sales$3,886$3,7703%
Net Income attributable to Solstice $237$594(60)%
Adjusted Standalone EBITDA1 $957$995(4)%
Adjusted Standalone EBITDA Margin1 24.6%26.4%(176) bps
Net Sales for the full year 2025 were $3.9 billion, a 3% increase compared to the full year 2024, reflecting a 3% increase in Net Sales in the Refrigerants & Applied Solutions segment and a 5% increase in Net Sales in the Electronic & Specialty Materials segment. Organic Net Sales1 increased by 2% for the full year 2025 driven by volume growth and favorable pricing in Refrigerants, demand-driven volume growth in Electronic Materials, and favorable pricing in Research & Performance Chemicals. This increase was partially offset by the impact of opportunistic Nuclear (Alternative Energy Services, or “AES”) sales that occurred in 2024 and volume declines in Healthcare Packaging.
Net Income attributable to Solstice for the full year 2025 was $237 million compared to Net Income attributable to Solstice of $594 million for the full year 2024, which includes the impact of higher income tax expense driven by frictional taxes associated with the Company’s spin-off from Honeywell.
Adjusted Standalone EBITDA1 for the full year 2025 was $957 million, a decrease of 4% compared to the full year 2024. Adjusted Standalone EBITDA Margin1 for the full year 2025
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