Solstice Advanced Materials Reports Third Quarter 2026 Results

(NASDAQ:SOLS) Solstice Advanced Materials reported third quarter 2026 net sales of $1,046 million, exceeding guidance and representing an 8% year-over-year increase, driven by robust growth in Electronic Materials, Refrigerants, and Healthcare Packaging. Net income attributable to Solstice Advanced Materials was $80 million, with diluted earnings per share (EPS) of $0.50 and adjusted diluted EPS of $0.80. Adjusted EBITDA for the quarter was $265 million, up 13% from the prior year, with an adjusted EBITDA margin of 25.3%, an increase of 109 basis points year-over-year. The company raised its full-year 2026 guidance, now expecting net sales of $4,195 - $4,220 million, adjusted EBITDA of $1,050 - $1,060 million, and adjusted diluted EPS of $2.90 - $2.95. Operating cash flow for the nine months ended September 30, 2026, was $693 million, with capital expenditures of $325 million, a 31% increase from the prior year, and free cash flow of $368 million. As of September 30, 2026, total long-term debt was $2.0 billion, cash and cash equivalents were approximately $714 million, and total liquidity was approximately $1.7 billion, including $1.0 billion of availability through the revolving credit facility. The company returned $112 million to shareowners in the third quarter, including $100 million of share repurchases, and intends to substantially complete its $500 million share repurchase authorization by the end of the first quarter of 2027. On November 3, 2026, the Board declared a quarterly dividend of $0.075 per share, payable on December 10, 2026, to shareholders of record as of November 25, 2026. In the Refrigerants & Applied Solutions segment, third quarter net sales were $726 million, up 6% year-over-year, with Refrigerants up 8%, Healthcare Packaging up 24%, Building Solutions & Intermediates down 5%, and Nuclear up 4%. The segment completed approximately $30 million of previously communicated product loan returns and reported a nuclear backlog of $2.6 billion. Segment adjusted EBITDA was $251 million, up 3%, with a margin of 34.5%. In the Electronic & Specialty Materials segment, net sales were $320 million, up 13%, with Electronic Materials up 31%, Research & Performance Chemicals up 4%, and Safety & Defense Solutions up 3%. Segment adjusted EBITDA was $68 million, up 44%, with a margin of 21.2%. Corporate expenses were $53 million in the third quarter. Income tax expense was $24 million, down $158 million from the prior year, with effective tax rates of 22% for 2026 and 105% for 2025. The company does not provide a reconciliation of forward-looking adjusted EBITDA or adjusted diluted EPS to GAAP net income due to forecasting difficulties. Solstice Advanced Materials was spun off from Honeywell International Inc. on October 30, 2025. The company will discuss results in a conference call at 8:30 a.m. Eastern Time, with a webcast and replay available for 30 days.

Solstice Advanced Materials Declares Dividend of $0.075 per Common Share

(NASDAQ:SOLS) Solstice Advanced Materials announced that its Board of Directors has declared a regular quarterly dividend payment of $0.075 per share of the Company's common stock. The dividend will be payable on December 10, 2026, to shareowners of record as of the close of business on November 25, 2026. Solstice Advanced Materials is described as a leading global specialty materials company serving critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, and healthcare packaging. The company is recognized for developing next-generation materials through brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™, and Hydranal™. Solstice partners with over 3,000 customers across more than 120 countries and territories. The company holds a portfolio of over 5,700 patents and pending applications. Solstice employs approximately 4,100 people worldwide. The announcement includes a statement that the release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company notes that actual results may differ materially from any future results expressed or implied by the forward-looking statements due to risks and uncertainties, including macroeconomic and geopolitical risks, changes in trade and tax laws, tariffs, trade barriers, lower GDP growth or recession, supply chain disruptions, capital markets volatility, and inflation. The company states that no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in the release can or will be achieved. Solstice does not undertake to update or revise any of its forward-looking statements.

Solstice Announces $49 Million Investment to Expand Research and Development Capabilities in Buffalo, New York

(NASDAQ:SOLS) Solstice Advanced Materials announced plans to invest $49 million to expand research and development capabilities at its Buffalo, New York facility. The investment is intended to enhance Solstice's ability to develop and commercialize next-generation technologies for high-growth markets, including refrigerants, advanced cooling, and energy storage materials. Empire State Development will support the project with up to $1.4 million in performance-based tax credits through New York State's Excelsior Jobs Program. The upgrades at the Buffalo research campus will include expanded capabilities for refrigerant and thermal management research, enhanced toxicological testing, and the construction of a lab for advanced energy storage materials. David Sewell, President and Chief Executive Officer of Solstice, stated that these investments will strengthen the company's ability to develop and commercialize advanced materials and expand the site's capabilities in areas aligned with long-term growth trends. Kathy Hochul, Governor of New York State, commented that the $49 million investment will create good-paying jobs, foster cutting-edge research, and keep New York at the forefront of the green technology revolution. Tom Isberg, Vice President, R&D, Solstice, said the investment will accelerate innovation and create new opportunities for growth in Buffalo, while expressing gratitude for the support from New York State and Empire State Development. The Buffalo site currently employs approximately 180 scientists, engineers, and support staff and has been at the forefront of advanced materials innovation since 1955. Research at the site has resulted in more than 3,700 patents globally and has contributed to the development of technologies used worldwide for energy-efficient cooling, specialty materials, and advanced manufacturing applications. The site played a leading role in the development of multiple generations of widely adopted refrigerant technologies. As part of the project, Solstice has committed to creating 12 new, full-time positions at the Buffalo facility by June 2027, while making a total qualified capital investment of $49 million. Solstice partners with over 3,000 customers across more than 120 countries and territories and is supported by a portfolio of over 5,700 patents and pending applications. The company employs approximately 4,100 people worldwide.

Solstice Advanced Materials Announces Mutual Termination of Merger Agreement with Element Solutions

(NASDAQ:SOLS) Solstice Advanced Materials Inc. announced that its Board of Directors has approved a share repurchase program authorizing the Company to purchase up to $500 million of its common stock. Solstice and Element Solutions Inc. (NYSE:ESI) have entered into an agreement to terminate their previously announced agreement for Solstice to acquire Element, with no fees payable by either party as a result of the transaction termination. Solstice is affirming its previously announced guidance for the third quarter and its increased guidance for the full-year 2026, including net sales, adjusted EBITDA, adjusted diluted EPS, and capital expenditures. Solstice reported 2026 guidance for net sales of $4,125 - $4,185 million, adjusted EBITDA of $1,035 - $1,055 million, adjusted diluted EPS of $2.75 - $2.95, and capital expenditures of $420 - $440 million. Third quarter 2026 guidance includes net sales of $990 - $1,030 million. Solstice partners with over 3,000 customers across more than 120 countries and territories and is supported by a robust portfolio of over 5,700 patents and pending applications. Solstice employs approximately 4,100 employees worldwide.

Solstice Advanced Materials (NASDAQ: SOLS) announced that its Board of Directors has declared a regular quarterly dividend payment of seven and a half cents ($0.075) per share of the Company's common stock. The dividend will be payable on June 10, 2026, to shareowners of record as of the close of business on May 27, 2026. Solstice Advanced Materials is a global specialty materials company with approximately 4,100 employees, over 3,000 customers in more than 120 countries and territories, and a portfolio of over 5,700 patents and pending applications. The company is recognized for developing next-generation materials through brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™, and Hydranal™. This announcement is relevant to investors as it provides details on the upcoming dividend and highlights the company's global reach and innovation portfolio.