, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. ("Solstice" or the "Company") (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions ("Element") "in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt." Although Solstice's Chief Executive Officer described the "combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets" and touting Element's purportedly "highly complementary capabilities, deep customer relationships and a technical service-led model", Solstice's stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company's July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. (“Solstice” or the “Company”) (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions (“Element”) “in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt.” Although Solstice’s Chief Executive Officer described the “combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets” and touting Element’s purportedly “highly complementary capabilities, deep customer relationships and a technical service-led model”, Solstice’s stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company’s July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
LOS ANGELES--(BUSINESS WIRE)---- $SOLS--SOLS Investors Have Opportunity to Join Solstice Advanced Materials, Inc. Fraud Investigation with the Schall Law Firm.
[url="]The Schall Law Firm[/url], a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Solstice A
, /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS) ("Solstice" or "the Company") will issue its second quarter financial results before market open on July 30, 2026. The Company will also hold a conference call to discuss the results at 8:30 a.m. ET.
Presentation Materials / Webcast Details
A live webcast of the investor call as well as related presentation materials will be available on the Investor Relations section of the Company's website, investor.solstice.com. The teleconference can be accessed by dialing 877-407-8029 (North America toll-free) or +1 201-689-8029 (international).
A replay of the webcast will be available shortly after the call concludes and will be available for 30 days following the presentation.
About Solstice Advanced Materials
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.solstice.com.
, /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS), today 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 September 10, 2026, to shareowners of record as of the close of business on August 27, 2026.
About Solstice Advanced Materials
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com.
Forward-Looking Statements
This news release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include, without limitation, ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, and inflation, that can affect Solstice's performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, Solstice's 2025 Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. Solstice does not undertake to update or revise any of its forward-looking statements, which speak only as of the date they are made.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. ("Solstice" or the "Company") (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions ("Element") "in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt." Although Solstice's Chief Executive Officer described the "combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets" and touting Element's purportedly "highly complementary capabilities, deep customer relationships and a technical service-led model", Solstice's stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company's July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. (“Solstice” or the “Company”) (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions (“Element”) “in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt.” Although Solstice’s Chief Executive Officer described the “combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets” and touting Element’s purportedly “highly complementary capabilities, deep customer relationships and a technical service-led model”, Solstice’s stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company’s July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
This New Spinoff Is a Nuclear and AI Chip Beneficiary Worth WatchingSolstice Advanced Mat NASDAQ: SOLS announced an agreement to acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt, executives said on a conference call discussing the deal.
Under the terms outlined by Solstice President and CEO David Sewell, Element Solutions shareholders will receive $10 in cash and 0.5 shares of Solstice common stock for each Element Solutions share. Sewell said the consideration represents a 15% premium to Element Solutions’ closing price on Friday. Upon closing, Element Solutions shareholders are expected to own approximately 44% of the combined company.
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The combined company will operate as Solstice, with Sewell serving as chief executive officer. The board will include 11 directors, including Element Solutions CEO Ben Gliklich and two other designees from the Element Solutions board, subject to standard governance procedures. Solstice said it has fully committed financing in place and expects the transaction to close in the first half of 2027, pending shareholder approvals from both companies, regulatory approvals and other customary closing conditions.
Companies Point to Electronics and Data Center Demand Sewell said the transaction would create “a global advanced materials leader” with combined 2025 net sales of approximately $6.8 billion and adjusted EBITDA of $1.7 billion. He said the combined business would hold leading positions across end markets and be backed by more than 8,300 patents and pending applications.
Solstice framed the deal as an acceleration of its strategy following its separation as an independent company last October. Sewell said the acquisition would strengthen Solstice’s position in electronic materials, particularly across semiconductor fabrication, packaging, assembly and thermal management.
“Together, we will be able to deliver broader solutions, greater performance, and deeper co-innovation with customers,” Sewell said.
Executives emphasized secular demand tied to artificial intelligence, advanced computing and data center construction. Sewell said denser and higher-powered chips are driving demand for advanced packaging and new thermal management materials, while also increasing demand for data center cooling and power solutions. He said Solstice’s existing refrigerants and uranium conversion services are relevant to the broader data center build-out.
Element Solutions CEO Says Deal Is ‘Better Together’ Gliklich said Element Solutions did not put itself up for sale and was approached by Solstice. He described the deal as a strong strategic fit, citing complementary portfolios and customer relationships.
Element Solutions generates just over 70% of its revenue from electronics, Gliklich said, with the remainder from specialty businesses. Within electronics, he said about 75% of sales come from business-to-business enterprise markets, and more than 20% of total sales come from the data center market.
Gliklich said Element Solutions’ consumable products, qualification status and high switching costs help insulate the business from capital cycle volatility. He also highlighted recent portfolio actions, including the divestiture of its graphics business and the acquisitions of Micromax and EFC, as well as the addition of Kuprion technology.
“This is very much a better together story, one that comes at the right time to meaningfully accelerate all facets of our business,” Gliklich said.
Synergies and Financial Targets Solstice said it has identified more than $180 million in expected annualized run-rate cost synergies, net of costs, within three years of closing. Sewell said those synergies include:
Approximately $100 million from operational initiatives and operating model integration, including efficiencies across G&A, sales and marketing, and R&D; About $25 million from supply chain improvements, including raw material and procurement scale and copper recovery from deposition processes; About $20 million from footprint optimization; About $35 million from other initiatives. Solstice CFO Tina Pierce said the combined company, including expected run-rate synergies, is projected to have an adjusted EBITDA margin of approximately 26%. She said the company expects medium-term revenue growth at a mid- to high-single-digit rate, with adjusted EBITDA growing faster than revenue as synergies are realized. Pierce also said the transaction is expected to be accretive to adjusted earnings per share in the first year.
Pierce said Solstice expects net leverage of about 3.5 times at closing and plans to reduce leverage below 3 times within 18 months after closing. The company’s longer-term net leverage target is 2 times to 3 times.
Executives Address Integration and Portfolio Questions During the question-and-answer session, Sewell said the timing of the deal reflected customer demand for solutions in advanced electronics and the complementary nature of the two portfolios. He said the integration would be focused on growth, innovation and customers, while Gliklich said the integration appears “reasonably straightforward” based on preliminary work.
Asked about Solstice’s broader portfolio, Sewell said the company does not intend to become a pure-play electronics company. He said refrigerants and nuclear are connected to the data center opportunity through cooling and power needs, and he described Solstice as a “complete solutions provider” across attractive growth markets.
On revenue synergies, Sewell said there may be near-term cross-selling opportunities through each company’s customer relationships, while longer-term opportunities could require customer qualification processes that may take around two years. Pierce said only a relatively small amount of revenue synergy is built into the company’s financial model, which is more heavily underpinned by cost synergies.
Executives also said planned investments remain included in their model, including Element Solutions’ Kuprion facilities, Solstice’s nuclear expansion, the doubling of Solstice’s sputtering targets facility in Spokane and investments in next-generation lightweight body armor.
Sewell said Solstice does not anticipate regulatory issues, describing the transaction as “highly complementary.” Details such as the break fee are expected to be included in forthcoming disclosures.
About Solstice Advanced Mat NASDAQ: SOLSSolstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. ("Solstice" or the "Company") (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions ("Element") "in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt." Although Solstice's Chief Executive Officer described the "combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets" and touting Element's purportedly "highly complementary capabilities, deep customer relationships and a technical service-led model", Solstice's stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company's July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Solstice Advanced Materials, Inc. (NASDAQ: SOLS) related to its merger with Element Solutions, Inc. Is it a fair deal?
Click here for more info https://monteverdelaw.com/case/solstice-advanced-materials-inc/. It is free and there is no cost or obligation to you.
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No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
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MONTEVERDE & ASSOCIATES PC
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Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Element Solutions Inc (NYSE: ESI) to Solstice Advanced Materials, Inc. (NasdaqGS: SOLS). Under the terms of the proposed transaction, shareholders of Element will receive $10.00 in cash and 0.500 shares of Solstice common stock for each share of Element that they own. Upon closing of the Propose.
Solstice Advanced Materials (Nasdaq: SOLS) shares fell nearly 15% on Monday after the company announced a $14.5 billion cash-and-stock agreement to acquire Element Solutions (NYSE: ESI), in a deal aimed at expanding its footprint in advanced materials for electronics and AI infrastructure.
The transaction, which includes the assumption of net debt, will see Solstice acquire Element in a combination of $10.00 in cash and 0.500 shares of Solstice common stock for each Element share. The offer implies a value of approximately $50.10 per Element share and represents a premium of about 15% to Element’s closing price on July 2, 2026. Upon completion, Element shareholders are expected to own roughly 44% of the combined company.
The companies said the deal would accelerate Solstice’s strategy of building a scaled advanced materials platform with greater exposure to high-growth end markets including electronics, AI infrastructure, thermal management and data center applications.
On a combined basis, Solstice and Element are projected to generate approximately $6.8 billion in full-year 2025 net sales, with an adjusted EBITDA margin of 26% including expected synergies. Solstice said the deal would broaden its electronics capabilities, adding Element’s formulation expertise, technical services and customer relationships to its existing chemistry and materials portfolio.
“Overall, we believe the combined company will be very well-positioned to benefit from generational tailwinds in high-growth end markets,” said Solstice President and CEO David Sewell. He added that Element’s technical service model and customer relationships would expand Solstice’s ability to support clients from early-stage development through high-volume manufacturing.
Element Solutions CEO Ben Gliklich said the transaction brings together two complementary businesses with strong market positions and technical expertise, adding that the combined company would be better positioned to address emerging requirements in advanced electronics and related markets.
Strategically, Solstice said the acquisition would enhance its exposure to AI infrastructure by linking electronics and packaging capabilities with data center cooling and refrigerant application solutions. The company also highlighted its continued involvement in specialty markets, including nuclear fuel cycle-related uranium conversion services.
Financially, Solstice expects the combined company to deliver mid-to-high single-digit annual revenue growth and high single-digit to low double-digit adjusted EBITDA growth over the medium term, along with approximately $180 million in net synergies by the third year following closing. The company also anticipates around 75% cash conversion.
The deal is expected to be accretive to adjusted earnings per share in the first year after closing. Solstice projects net leverage of approximately 3.5x at completion, with a target of reducing leverage below 3x within 18 months. The company reaffirmed its commitment to maintaining a sub-investment grade credit profile and continuing dividend growth over time.
The transaction has been unanimously approved by both companies’ boards and is expected to close in the first half of 2027, subject to regulatory approvals and shareholder votes.
Solstice has secured a $4.7 billion bridge financing commitment from Goldman Sachs and plans to replace it with permanent debt financing, alongside cash on hand, to fund the cash portion of the deal.
Shares of Element Solutions were down almost 3% on the news.
Computer motherboard and chip appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesJuly 6 (Reuters) - Honeywell spinoff Solstice Advanced Materials (SOLS.O), opens new tab said on Monday it will buy Element Solutions (ESI.N), opens new tab at about $14.5 billion, including debt, in a cash-and-stock deal.
The deal comes less than a year after Solstice completed its spin-off from industrial conglomerate Honeywell International (HON.O), opens new tab.
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The combination would create a larger supplier of materials used in semiconductor manufacturing, electronics and industrial applications.
Shares of Element Solutions rose 3.5% in premarket trading, while those of Solstice were down 3%.
Solstice said the transaction would strengthen its exposure to AI infrastructure by connecting its electronics, packaging and thermal management capabilities with data center cooling and refrigerant application solutions.
Element Solutions supplies specialty chemicals used in electronics manufacturing, semiconductors, communications infrastructure and automotive applications.
The transaction is expected to close in the first half of 2027.
Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each share of Element common stock.
Morris Plains, New Jersey-based Solstice manufactures refrigerants and applied solutions as well as electronic and specialty materials used in semiconductor production.
The company was spun out of Honeywell's advanced materials business in October 2025 as part of the industrial conglomerate's broader plan to separate into three publicly traded companies focused on automation, aerospace and advanced materials.
Honeywell completed the Solstice separation eight months before spinning off its aerospace business in June 2026.
Reporting by Katha Kalia in Bengaluru; Editing by Arun Koyyur and Shinjini Ganguli
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Solstice Advanced Materials, Inc. (NASDAQ: SOLS) and Element Solutions.Halper Sadeh encourages Solstice shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected] investigation concerns whether Solstice and its board of directors violated the federal.
Solstice Advanced Materials, which was just spun off in late October, has already generated returns of 54%, which is 3x more than its peers. SOLS benefits from diversified end markets, strong secular drivers in nuclear and refrigerants, and superior EBITDA margins (~25%) versus specialty materials peers. The company is well-set for growth with a $2B nuclear backlog, accelerating data center refrigerant demand, and a manageable net leverage of 1.5x, which leaves room for M&A.
Beacon Investment Advisory Services Inc. purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,139 shares of the company’s stock, valued at approximately $493,000.
Several other institutional investors have also modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $2,259,000. Exchange Traded Concepts LLC purchased a new position in Solstice Advanced Mat in the fourth quarter valued at $1,215,000. Parsons Capital Management Inc. RI acquired a new position in Solstice Advanced Mat during the 4th quarter worth $625,000. Chesley Taft & Associates LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth $456,000. Finally, Pathway Financial Advisors LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth $337,000.
Solstice Advanced Mat Price Performance Solstice Advanced Mat stock opened at $72.40 on Tuesday. The firm has a market capitalization of $11.49 billion and a PE ratio of 278.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The company has a fifty day simple moving average of $71.84. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $84.44.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million during the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Solstice Advanced Mat’s dividend payout ratio is 115.38%.
Analyst Ratings Changes A number of research firms have issued reports on SOLS. Alembic Global Advisors assumed coverage on Solstice Advanced Mat in a research report on Monday, December 1st. They issued an “overweight” rating and a $60.00 price target on the stock. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.00.
Read Our Latest Research Report on Solstice Advanced Mat
Solstice Advanced Mat Company Profile (Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
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Fifth Third Wealth Advisors LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 7,932 shares of the company’s stock, valued at approximately $385,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new position in Solstice Advanced Mat in the fourth quarter worth approximately $2,259,000. Kieckhefer Group LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $1,232,000. Exchange Traded Concepts LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $1,215,000. Wallington Asset Management LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $974,000. Finally, Parsons Capital Management Inc. RI bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth $625,000.
Wall Street Analyst Weigh In Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Solstice Advanced Mat in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.
View Our Latest Report on Solstice Advanced Mat
Solstice Advanced Mat Stock Performance NASDAQ SOLS opened at $76.42 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98. The company has a fifty day moving average of $72.95. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The stock has a market cap of $12.13 billion and a price-to-earnings ratio of 293.92.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to analysts’ expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.
Solstice Advanced Mat Profile (Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
Further Reading Five stocks we like better than Solstice Advanced Mat
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Solstice Advanced Materials NASDAQ: SOLS is a relatively new stock to the market, but one that has gotten off to a blistering start. At the end of October 2025, the over $100 billion industrial conglomerate Honeywell International NASDAQ: HON spun out the company.
Since that time, Solstice shares have gone on an impressive run, up more than 50%. This comes as the firm is benefiting from key tailwinds across both the nuclear energy and semiconductor industries.
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Investors should likely temper their excitement given Solstice's current share price, which bakes in years of extensive growth. However, with the firm at the intersection of two top investment trends, Solstice is a name to watch should its valuation retreat significantly.
U.S. Uranium Conversion Runs Through Solstice Largely due to the rapid deployment of artificial intelligence (AI) data centers, nuclear energy and advanced semiconductor demand are on a big upswing. Many hyperscalers want to accelerate nuclear adoption due to rising electricity demand. This can help fulfill two key goals.
First off, nuclear energy is low-carbon, allowing these firms to make good on their clean energy commitments. Additionally, unlike other renewable sources like wind and solar, nuclear sites can run constantly, supporting demanding and continuous AI workloads.
Notably, Solstice owns the Metropolis Works uranium hexafluoride (UF6) conversion facility. This makes the firm the only domestic provider of UF6 conversion services. Solstice converts raw uranium into UF6 before it moves on to other producers in the fuel fabrication cycle.
Clearly, this gives Solstice a level of importance in national energy security. This is particularly true as the company notes that there are only four other UF6 conversion sites in the world. According to 2022 data, one of these is in Russia and another is in China, both countries that have adversarial relations with the United States.
Due to the rise in nuclear demand, capacity at the Metropolis facility is nearly sold out through 2030 and holds an over $2 billion backlog. Bank of America estimates that global nuclear energy capacity could triple by 2050, creating a significant opportunity for Solstice in a fragmented market.
A key threat is the entrance of new competitors. However, Solstice notes that getting new facilities production-ready takes four to five years.
SOLS’s Copper Manganese: A Vital Input for AI Semiconductors Meanwhile, advanced semiconductors are fundamental to the proliferation of AI. Solstice holds a similarly strong position as an advanced chip material supplier.
This comes as the firm makes copper manganese sputtering targets: essential for building semiconductors at process nodes below seven nanometers (nm). The company says it is “really the only producer that has copper manganese at scale." It also notes that it is one of only two or three suppliers in the world.
Solstice sees the demand for copper manganese continuing to increase as AI progresses. Moving to smaller and smaller process nodes is among the most important vectors for increasing semiconductor performance. As process nodes fall, they require more copper manganese.
The increased commitment to U.S.-based advanced semiconductor manufacturing also benefits Solstice, making these customers more likely to buy from it due to proximity. Top players in the semiconductor industry are investing heavily:
Taiwan Semiconductor Manufacturing NYSE: TSM is producing its 4nm chips in Arizona and plans to bring its 3nm process online by 2027. Samsung Electronics OTCMKTS: SSNLF plans to produce 2nm chips at its facility in Taylor, Texas. Intel NASDAQ: INTC plans to invest $100 billion to expand its chipmaking capacity in the U.S., with its Fab 52 designed to make 1.8nm chips. To support rising demand, Solstice is investing $200 million to double its sputtering target manufacturing capacity at its facility in Washington State. Overall, copper manganese demand is another significant opportunity that the firm is taking advantage of, and SOLS sees substantial runway for future growth in this space.
SOLS: A Watchlist Stock Amid Demand From High-Growth Industries Solstice Advanced Mat Stock Forecast Today12-Month Stock Price Forecast:
$87.38
12.47% Upside
Hold
Based on 10 Analyst Ratings
Current Price$77.69High Forecast$101.00Average Forecast$87.38Low Forecast$60.00Solstice Advanced Mat Stock Forecast Details
In its latest quarter, Solstice’s nuclear business grew by an impressive clip of 39% year over year (YOY). Meanwhile, its Electronic Materials division, which houses sputtering targets revenue, grew by a solid 19% YOY. Despite this, it is important to note that Solstice is a highly diversified business, not a pure play on nuclear and semiconductor trends. In 2024, nuclear and semiconductors combined for just 22% of total revenue.
Thus, total sales grew by just 3% YOY in 2025 and 8% YOY in Q4 2025. In 2026, the company’s revenue growth projection sits near 4%. This doesn’t line up favorably compared to Solstice’s valuation, making the stock's outlook questionable at current levels.
Overall, Solstice is clearly an interesting company, acting as a key supplier within the nuclear and semiconductor investment cycles.
This makes the stock one to watch going forward, should its aggregate fundamentals or valuation shift meaningfully.
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MORRIS PLAINS, N.J., April 6, 2026 /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS) ("Solstice" or "the Company") will issue its first quarter financial results before market open on May 6, 2026.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) saw unusually large options trading activity on Monday. Stock traders purchased 10,746 put options on the company. This represents an increase of approximately 576% compared to the typical volume of 1,589 put options.
Institutional Inflows and Outflows Several hedge funds have recently modified their holdings of SOLS. Exchange Traded Concepts LLC acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $1,215,000. Beacon Investment Advisory Services Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth $493,000. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth $2,259,000. Wallington Asset Management LLC bought a new stake in Solstice Advanced Mat during the fourth quarter valued at about $974,000. Finally, IVC Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the fourth quarter valued at about $1,198,000.
Analysts Set New Price Targets A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.
Get Our Latest Stock Analysis on SOLS
Solstice Advanced Mat Stock Up 2.1% Shares of SOLS opened at $78.03 on Tuesday. The business’s fifty day simple moving average is $73.28. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The firm has a market cap of $12.39 billion and a price-to-earnings ratio of 300.12. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 115.38%.
Solstice Advanced Mat Company Profile (Get Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
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Baxter Bros Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,702 shares of the company’s stock, valued at approximately $617,000.
Other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Peoples Financial Services CORP. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $37,000. Towne Trust Company N.A bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $44,000. Bernard Wealth Management Corp. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $58,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $79,000.
Analyst Ratings Changes SOLS has been the subject of a number of recent research reports. UBS Group downgraded shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Monday. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus price target of $67.00.
Get Our Latest Report on SOLS
Solstice Advanced Mat Price Performance Solstice Advanced Mat stock opened at $79.96 on Friday. The company has a 50 day moving average of $75.97. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $12.70 billion and a PE ratio of 307.54. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.
Solstice Advanced Mat Profile (Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
Featured Articles Five stocks we like better than Solstice Advanced Mat
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Davidson Investment Advisors bought a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 112,904 shares of the company’s stock, valued at approximately $5,485,000. Davidson Investment Advisors owned about 0.07% of Solstice Advanced Mat as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $1,215,000. Aberdeen Group plc acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $8,227,000. Beacon Investment Advisory Services Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth $493,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth $2,259,000. Finally, Blue Trust Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth $324,000.
Solstice Advanced Mat Price Performance Shares of Solstice Advanced Mat stock opened at $81.20 on Monday. The firm’s 50-day moving average price is $76.30. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The stock has a market cap of $12.89 billion and a PE ratio of 312.31. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million during the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, February 24th. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 115.38%.
Analyst Ratings Changes SOLS has been the subject of a number of research analyst reports. Mizuho set a $80.00 price target on Solstice Advanced Mat in a report on Friday, February 13th. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, January 7th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, UBS Group cut Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price target for the company. in a report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.
Check Out Our Latest Research Report on Solstice Advanced Mat
About Solstice Advanced Mat (Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
Featured Stories Five stocks we like better than Solstice Advanced Mat Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS – Free Report).
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Patriot Financial Group Insurance Agency LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,884 shares of the company’s stock, valued at approximately $334,000.
Several other hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $26,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $29,000. Peoples Financial Services CORP. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $37,000. Towne Trust Company N.A acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $44,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $58,000.
Wall Street Analysts Forecast Growth SOLS has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, January 7th. Finally, UBS Group downgraded shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price target for the company. in a research report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.00.
Read Our Latest Stock Analysis on Solstice Advanced Mat
Solstice Advanced Mat Stock Performance SOLS stock opened at $81.20 on Monday. The firm has a market cap of $12.89 billion and a P/E ratio of 312.31. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The company has a 50-day simple moving average of $76.30.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 115.38%.
Solstice Advanced Mat Profile (Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
Further Reading Five stocks we like better than Solstice Advanced Mat Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS – Free Report).
Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.
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Accelerates portfolio simplification as Honeywell prepares for the planned spin-off of its Aerospace business, on track for Q3 2026
, /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that it has agreed to sell its Productivity Solutions and Services ("PSS") business to Brady Corporation, an international manufacturer of identification and protection solutions, for $1.4 billion in an all-cash transaction. The transaction is expected to be completed in the second half of 2026 and is subject to regulatory approvals and customary closing conditions.
The transaction follows the review of strategic alternatives Honeywell commenced in July 2025 for PSS and its Warehouse and Workflow Solutions ("WWS") business to further simplify the company's portfolio alongside the planned spin-off of its Aerospace business, which is expected to be complete in the third quarter of 2026. Honeywell remains actively engaged in its assessment of strategic alternatives for WWS, which operates commercially under the brand names Intelligrated and Transnorm.
"With the PSS divestiture, we are nearing completion of our multi-year portfolio transformation, further accelerating value creation as we prepare to separate our Aerospace and Automation businesses into two independent industry leading public companies. The sale also enables us to continue strengthening our financial and operational focus on the company's core businesses," said Vimal Kapur, Chairman and CEO of Honeywell.
"Going forward, PSS will benefit from Brady's highly complementary and specialized leadership in industrial identification and safety, creating a broader, more integrated offering for warehouse, logistics and manufacturing customers," Kapur added.
With 2025 revenue of approximately $1.1 billion, PSS is a leading provider of mobile computers, barcode scanners and printing solutions serving the warehouse and logistics market. PSS is currently part of Honeywell's Industrial Automation (IA) business portfolio.
Brady Corporation (NYSE: BRC) is an international manufacturer and marketer of high-performance labels, signs, safety devices and printing systems for industries that include electronics, manufacturing and aerospace. Brady provides products that enhance safety, security and productivity. The acquisition of PSS will help build Brady's capabilities in data capture, mobile computing and workflow automation, increasing its portfolio serving industrial and logistics customers, while creating a more integrated, end‑to‑end productivity and safety platform.
This announcement follows the divestiture of Honeywell's Personal Protective Equipment (PPE) business in 2024 and the spin-off of its Advanced Materials business as Solstice Advanced Materials (Nasdaq: SOLS) in October 2025. It also builds on the prior strategic actions Honeywell has taken to drive organic growth and optimize its portfolio, including announcing approximately $14 billion of accretive and synergistic acquisitions since 2023: Compressor Controls Corporation, SCADAfence, the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, Li-ion Tamer and Johnson Matthey's Catalyst Technologies Business.
Centerview Partners is serving as financial advisor to Honeywell. Kirkland & Ellis LLP, Baker McKenzie and Womble Bond Dickinson are providing external legal counsel.
About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Forward Looking Statement
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. Forward-looking statements are those that address activities, events, or developments that we or our management intend, expect, project, believe, or anticipate will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control, including Honeywell's current expectations, estimates, and projections regarding the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements, including the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, and the anticipated benefits of each. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, including ongoing conflicts in the Middle East, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.
, /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS), today 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.
About Solstice Advanced Materials
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com.
Forward-Looking Statements
This news release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include, without limitation, ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, and inflation, that can affect Solstice's performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, Solstice's 2025 Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. Solstice does not undertake to update or revise any of its forward-looking statements, which speak only as of the date they are made..
Partnership with the only supplier of domestically produced commercial uranium hexafluoride (UF₆) in the United States marks a pivotal fuel cycle milestone as Hadron advances toward the GigCapital7 shareholder vote scheduled for May 7, 2026 and closing its deSPACing at a market-aligned $600 million valuation, and the Company’s Principal Design Criteria White Paper now before the NRC
NEW YORK--(BUSINESS WIRE)--Hadron Energy, Inc. (“Hadron” or the “Company”), developer of the Halo Micro-Modular Reactor (“MMR”), today announced the signing of a Uranium Conversion Services Agreement with ConverDyn, GP, the marketing agent for the only commercial uranium hexafluoride (UF₆) conversion facility in the United States, which is owned and operated by Solstice Advanced Materials (Nasdaq: SOLS). The Agreement secures a foundational and non-replicable step in Hadron’s domestic nuclear fuel cycle, directly enabling both the first deployment of the Halo MMR and its scalable commercial rollout.
The announcement arrives at an inflection point for U.S. energy infrastructure. AI data centers, advanced manufacturing facilities, and industrial operators are confronting power constraints that traditional grid solutions cannot resolve on commercially relevant timelines. Multi-year interconnection queues, aging transmission infrastructure, and surging load growth are driving a structural shift toward firm, on-site generation that operates independently of the grid. Hadron’s Halo MMR is built precisely for that environment: a 10 MWe light-water reactor that is fully factory-fabricated and truck-transportable, capable of delivering continuous, carbon-free nuclear power wherever it is needed most.
By securing ConverDyn, the sole supplier of domestic produced UF₆, Hadron has established a fuel supply pathway that is resilient, U.S.-based, and anchored in proven infrastructure which represents a significant and non-replicable supply chain moat.
The Fuel Supply Chain Starts Here
Uranium conversion is the critical first step in transforming mined uranium into reactor fuel. Before uranium can be enriched and fabricated into fuel assemblies, it must first be converted into UF₆— a process that Solstice uniquely performs at commercial scale within the United States exclusively for ConverDyn. By securing this relationship at this stage of its development, Hadron has established a fully domestic fuel supply pathway, reducing geopolitical supply chain risk and building the regulatory and operational credibility that an advanced reactor program of this ambition demands.
Under the Agreement, ConverDyn will supply UF₆ supporting Hadron’s fuel fabrication pathway beginning with the Halo MMR’s First-of-a-Kind (“FOAK”) deployment, with the potential to expand across subsequent commercial units as Hadron scales toward repeatable delivery. The collaboration spans the full commercialization of Hadron’s Halo microreactor commercial roadmap from first reactor to fleet scale deployment.
“Fuel is not a procurement afterthought, it has to be a foundational consideration from day one. Conversion is the critical first step that transforms uranium into a form that can be enriched and fabricated into reactor fuel. ConverDyn provides the only commercial UF₆ produced in the United States, and securing this relationship now means our fuel supply pathway is grounded in domestic infrastructure, regulatory familiarity, and operational credibility. That is exactly the kind of supply chain foundation a program like ours needs to move from design and licensing to a fueled, operating reactor.”
— Ross Ridenoure, Chief Nuclear Officer, Hadron Energy
Supply Chain Credibility as a Competitive Asset Building Upon Strategic Partnerships
Hadron has been deliberately and methodically assembling the supply chain, licensing infrastructure, and strategic partnerships required to move from design and development to a fueled, operating reactor, and the velocity and quality of those milestones send a signal that matters to investors, customers, and regulators alike.
The ConverDyn agreement follows Hadron’s recent Memorandum of Understanding with Paragon Energy Solutions, a Mirion Technologies Company, to develop the Instrumentation & Control (“I&C”) architecture for the Halo MMR — a critical subsystem milestone on the path to NRC licensing and commercial deployment. Hadron has also received NRC acceptance of its Quality Assurance Program Description (“QAPD”) Topical Report for review, an early but foundational step in the licensing process that establishes the quality framework governing all of Hadron’s nuclear design, procurement, and construction activities. Additionally, on April 10, 2026, Hadron submitted its Principal Design Criteria (PDC) White Paper to the U.S. Nuclear Regulatory Commission as part of the formal pre-application engagement process under 10 CFR Part 52, formalizing the technical and safety framework that will govern all future license applications for the Halo MMR. The NRC provided favorable feedback on Hadron’s proposed regulatory approach during a December 2025 pre-application meeting, meaningfully de-risking the Company’s path to commercialization.
On the commercial side, Hadron has signed a non-binding Memorandum of Understanding with Smartland Energy, LLC, establishing a portfolio-scale framework for the potential deployment of the Halo MMR across up to five qualified Smartland behind-the-meter power projects over time, representing aggregate capacity demand of approximately 1.8 GWe. In connection with the MOU, Smartland made an initial strategic investment in Hadron, reflecting long-term conviction in the platform’s commercial viability.
These milestones reflect a company building technical, regulatory, and supply chain infrastructure in parallel with its reactor design, the approach that best-in-class nuclear developers use to collapse timelines and de-risk the path to commercial power. The SEC declared the Form S-4 registration statement of GigCapital7 Corp. (Nasdaq: GIG) effective on April 15, 2026, and the shareholder vote to approve the proposed business combination, which places a pro-forma equity valuation of approximately $600 million on Hadron prior to the business combination to align with current public market conditions and Hadron’s commitment to entering the public markets from a position of credibility and long-term strength, is scheduled for May 7, 2026. Hadron is expected to trade on the Nasdaq Stock Market under the ticker symbol “HDRN.” Hadron has also completed a $7.5 million pre-deSPACing bridge equity financing via SAFE notes from strategic investors, further capitalizing this roadmap ahead of listing.
“The companies that will deploy first are the ones that treat supply chain as a core engineering problem, not a procurement afterthought. Following our PDC submission to the NRC, our I&C collaboration with Paragon, and our portfolio-scale MOU with Smartland, this Conversion Services Agreement with ConverDyn adds another foundational layer to our commercialization roadmap. We are building a supply chain that is domestic, credible, and resilient because that is what our customers and our investors should expect from us.”
— Sam Gibson, Founder & Chief Executive Officer, Hadron Energy
“We’re excited to partner with Hadron, a next-generation SMR developer, at a pivotal moment for the industry. ConverDyn brings decades of experience and a commercially proven position in the domestic nuclear fuel supply chain, providing the critical capabilities needed to support advanced reactor deployment. Through this partnership, Hadron will receive high-purity UF₆ produced using advanced processes and the deep operational expertise at Solstice Metropolis Works. This collaboration underscores how strong partnerships and established infrastructure are essential to scaling the next generation of nuclear energy.”
— Malcolm Critchley, President & CEO, ConverDyn
About Hadron Energy, Inc.
Hadron is a pioneer in MMR technology. Designed to deliver 10 MWe of continuous power, the Halo MMR is smaller, more cost-effective, and faster to deploy than other proposed nuclear power solutions. The reactor’s vessel, core, and containment shell are fully truck-transportable, enabling deployment across AI data centers, industrial hubs, remote communities, and infrastructure facilities where traditional power solutions cannot deliver. Hadron is advancing the Halo MMR through an integrated program of technical development, NRC licensing engagement, and a growing portfolio of strategic supply chain and deployment partnerships. For more information, please visit www.hadronenergy.com.
About ConverDyn
ConverDyn, a joint venture between Solstice Advanced Materials Inc. and General Atomics Inc., is the exclusive marketing and purchase agent for Solstice’s Metropolis Works uranium conversion facility in Metropolis, Illinois — the only operating commercial uranium conversion facility in the United States. ConverDyn provides uranium hexafluoride (UF₆) conversion and related services to nuclear utilities in North America, Europe and Asia, playing a critical role in the domestic nuclear fuel cycle.
About Solstice Advanced Materials
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice’s approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com.
About GigCapital7 Corp.
GigCapital7 Corp. is a Private-to-Public Equity (PPE)™ company, also known as a special purpose acquisition company (SPAC), with a Mentor-Investor™ methodology and a mission to partner with a high technology differentiating company to forge a successful path to the public markets through a business combination. GigCapital7 Corp. aims to partner with an innovative company with exceptional leaders in order to create an industry-leading partnership that will be successful for years to come.
Private-to-Public Equity (PPE)™ and Mentor-Investor™ are trademarks of GigManagement, LLC, a member entity of GigCapital Global and affiliate of GigCapital7 Corp., used pursuant to agreement.
Forward-Looking Statements
This press release includes certain statements that may be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, without limitation, statements about future events or Hadron’s or GigCapital7’s future financial or operating performance. For example, statements regarding the Uranium Conversion Services Agreement with ConverDyn and the supply of uranium hexafluoride (UF₆); the development and translation into an operational reactor of the Hadron Halo MMR, and its subsequent construction and performance, including with respect to quality control and safety; Hadron’s anticipated growth and other metrics; the anticipated future demand of energy; the future demand and commercialization of the Hadron Halo MMR; potential relationships or engagements; the outcome of Hadron’s regulatory submissions; and statements regarding the benefits of the business combination between the parties and the anticipated timing of the completion of the business combination are all forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations thereof or similar terminology.
These forward-looking statements regarding future events and the future results of Hadron and GigCapital7 are based upon estimates and assumptions that, while considered reasonable by Hadron, GigCapital7, and their respective management teams, are inherently uncertain and subject to risks, variability and contingencies, many of which are beyond Hadron’s or GigCapital7’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination agreement or other definitive agreements in connection thereto; the outcome of any legal proceedings that may be instituted against Hadron, GigCapital7 or others following the announcement of the business combination and any definitive agreements with respect thereto; the inability to complete the business combination due to the failure to obtain consents and approvals of the shareholders of GigCapital7; failure to obtain financing to complete the business combination or to satisfy other conditions to closing; delays or failures to obtain necessary regulatory approvals required to complete the business combination or related transactions; changes to the proposed structure of the business combination as a result of applicable laws, regulations or conditions; projections, estimates and forecasts of revenue and other financial and performance metrics; projections about industry trends and market opportunity; expectations relating to the demand for Hadron’s Halo MMR; Hadron’s ability to scale and grow its business; the cash position of Hadron following closing of the business combination; the ability to meet listing standards in connection with, and following, the consummation of the business combination; the risk that the business combination disrupts current plans and operations of Hadron as a result of the announcement and consummation of the business combination; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Hadron to successfully commercialize its Halo MMR, and Hadron’s ability to source and maintain key relationships with management and key employees; costs related to the business combination; changes in applicable laws and regulations; political and economic developments and market volatility; the risk that Hadron does not ever enter into any definitive agreements in connection with commercialization of its technology; the risk that Hadron is pursuing an emerging market; and other risks and uncertainties set forth under “Risk Factors” and other documents filed, or to be filed, with the SEC by GigCapital7 and/or Hadron, including the registration statement that Hadron and GigCapital7 filed in connection with the business combination (the “Registration Statement”).
If any of these risks materialize or Hadron’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements. There may be additional risks that Hadron or GigCapital7 do not presently know or currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Hadron or GigCapital7 reflect the expectations, plans or forecasts of future events and views of Hadron and GigCapital7 and speak only as of the date they are made. Neither Hadron nor GigCapital7 undertake any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. These forward-looking statements should not be relied upon as representing Hadron’s or GigCapital7’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information About the Transaction and Where to Find It
The proposed transaction is being submitted to GigCapital7’s shareholders for their consideration and approval. GigCapital7 and Hadron have filed with the SEC the Registration Statement that includes a prospectus relating to the offer of securities to be issued in connection with the business combination and GigCapital7 has filed a final prospectus/ definitive proxy statement, which is being distributed to GigCapital7’s shareholders in connection with GigCapital7’s solicitation of proxies for the shareholder vote in connection with the proposed business combination and other matters as described in the Registration Statement. GigCapital7 is mailing the final prospectus/definitive proxy statement and other relevant documents (the “GigCapital7 Shareholder Materials”) to its shareholders as of April 15, 2026, the record date established for voting on the proposed business combination. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, GIGCAPITAL7’S SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE FINAL PROSPECTUS/DEFINITIVE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH GIGCAPITAL7’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION AND OTHER MATTERS AS DESCRIBED IN THE PROSPECTUS/PROXY STATEMENT BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT GIGCAPITAL7, HADRON AND THE PROPOSED BUSINESS COMBINATION. Shareholders and other interested parties may obtain a copy of these documents, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to GigCapital7 Corp., Attn: Corporate Secretary, 1731 Embarcadero Rd., Suite 200, Palo Alto, CA.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE BUSINESS COMBINATION OR ANY INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Participants in the Solicitation
Hadron, GigCapital7 and their respective directors, executive officers, management and employees, under SEC rules, may be deemed to be participants in a solicitation of proxies of GigCapital7’s shareholders in connection with the business combination. Investors and shareholders may obtain more detailed information regarding the names, affiliations, and interests of GigCapital7’s directors and executive officers in its filings with the SEC, including GigCapital7’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 6, 2026. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of GigCapital7 shareholders in connection with the business combination is set forth in the Registration Statement, along with information concerning the interests of Hadron’s and GigCapital7’s participants in the solicitation. Such interests may in some cases be different from those of Hadron’s or GigCapital7’s equity holders generally.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus filed with the SEC meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.
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 , /PRNewswire/ -- 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)
2026
2025
% Change
Net Sales
$ 991
$ 897
10 %
Net Income attributable to Solstice Advanced
Materials
$ 85
$ 134
(37) %
Diluted EPS
$ 0.53
$ 0.85
(37) %
Adjusted diluted EPS1
$ 0.63
N/A
N/A
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.
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.
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, reflecting strong volume and pricing across the business' product offerings. Nuclear revenues increased 27% in the first quarter of 2026 compared to the first quarter of 2025, reflecting both favorable pricing and increased volumes. Net Sales in Healthcare Packaging improved 9%, as customer demand patterns recovered following destocking in the second half of 2025. These increases were partially offset by an 8% decline in Building Solutions & Intermediates.
Segment Adjusted EBITDA for the Refrigerants & Applied Solutions segment decreased 3% in the first quarter of 2026 compared to the first quarter of 2025. Segment Adjusted EBITDA Margin for the segment decreased 522 basis points compared to the first quarter of 2025. The decrease was primarily driven by previously communicated changes in refrigerant mix as a result of the near-term impact of the ongoing transition to LGWP refrigerants, as well as higher R&D spend as we advance next-generation molecules. These decreases were partially offset by volume growth and favorable pricing.
Electronic & Specialty Materials (ESM)
For The Three Months Ended March 31,
(Dollars in millions)
2026
2025
% Change
Net Sales
Research & Performance Chemicals
$ 121
$ 121
— %
Electronic Materials
109
90
21 %
Safety & Defense Solutions
50
50
— %
ESM Segment Net Sales
$ 281
$ 261
7 %
ESM Segment Adjusted EBITDA
$ 58
$ 53
10 %
ESM Segment Adjusted EBITDA Margin
20.8 %
20.3 %
52 bps
Net Sales for the Electronic & Specialty Materials segment were $281 million in the first quarter of 2026, up 7% compared to the first quarter of 2025. Growth was primarily driven by a 21% increase in Electronic Materials reflecting volume growth on robust customer demand for deposition and thermal solutions in leading-edge applications. Safety & Defense sales were comparable to the prior year period due primarily to order timing. Research and Performance Chemicals revenues were unchanged reflecting growth in personal care, offset by ongoing end-market softness in construction markets.
Segment Adjusted EBITDA for the Electronic & Specialty Materials segment increased 10% in the first quarter of 2026 compared to the first quarter of 2025, primarily driven by volume growth in Electronic Materials. Segment Adjusted EBITDA Margin for the segment increased 52 basis points compared to the first quarter of 2025.
Corporate Expenses
Corporate Expenses totaled $52 million in the first quarter of 2026, compared to $32 million in the first quarter of 2025 due to incremental ongoing costs necessary to operate as an independent public company. There were no standalone cost adjustments in the first quarter of 2026, compared to $21 million in the first quarter of 2025, which was prior to the separation from Honeywell on October 30, 2025.
Income Tax Expense
Income Tax Expense was $31 million in the first quarter of 2026, a decrease of $16 million compared to the first quarter of 2025 due to lower pre-tax income, reflecting an adjusted effective tax rate of 23%.
2026 Financial Outlook
Solstice is reaffirming full-year 2026 financial guidance and providing guidance for the second quarter of 2026.
For full-year 2026, Solstice expects the following:
Net Sales in a range of $3.9 billion to $4.1 billion; Adjusted EBITDA1 in a range of $975 million to $1,025 million; Adjusted diluted EPS1 in a range of $2.45 and $2.75; and Capital Expenditures in a range of $400 million to $425 million. For the second quarter 2026, Solstice expects the following:
Net Sales in a range of $1.06 billion to $1.1 billion; and Adjusted EBITDA Margin1 in a range of 25% to 26%. "While the macroeconomic outlook remains uncertain, we are confident in our ability to deliver on our full-year 2026 targets," said David Sewell, President and Chief Executive Officer. "We remain focused on driving shareholder value as we execute our strategy and position Solstice for continued long-term success."
2026 Nuclear Business Informational Webinar
The Company plans to host an informational webinar on its Nuclear business on Thursday, June 4, 2026. A live webcast of the investor call as well as related presentation materials on the Investor Relations section of the Company's website, investor.solstice.com. Dial-in details will be made available closer to the event.
A replay of the webcast will be available shortly after the event concludes and will be available for 30 days following the presentation.
The Company does not provide a reconciliation of forward-looking Adjusted EBITDA (non-GAAP) or Adjusted diluted Earnings per Share to GAAP net income (loss) attributable to Solstice Advanced Materials, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because deductions (such as repositioning charges, impairment charges, and litigation and other matters) used to calculate projected net income (loss) vary based on actual events, the Company is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income (loss) at this time. The amount of these deductions may be material and, therefore, could result in projected GAAP net income (loss) being materially less than projected Adjusted EBITDA (non-GAAP) or Adjusted Net Income attributable to Solstice (non-GAAP). These statements represent forward-looking information and a projected financial outlook, and actual results may vary. Please see the risks and assumptions referred to in the "Forward-Looking Statements" section of this news release. The guidance in this news release is only effective as of the date it is given and will not be updated or affirmed unless and until the Company publicly announces updated or affirmed guidance.
________________________________________
1
This is a non-GAAP measure or a non-GAAP ratio. For further information on non-GAAP measures and non-GAAP ratios, please refer to the "Non-GAAP Financial Measures" section of this news release. Please also refer to tables at the end of this news release for a reconciliation of historical non-GAAP measures and ratios to the most directly comparable GAAP measure.
2
The three months ended March 31, 2025 represents Adjusted Standalone EBITDA (non-GAAP) and Adjusted Standalone EBITDA Margin (non-GAAP).
3
Capital expenditures represent capital expenditures incurred, whether accrued or paid in the current year.
Conference Call Details
Solstice will discuss its first quarter results during an investor conference call starting at 8:30 a.m. Eastern Time today. A live webcast of the investor call as well as related presentation materials will be available on the Investor Relations section of the Company's website, investor.solstice.com. The teleconference can be accessed by dialing 877-407-8029 (North America toll-free) or +1 201-689-8029 (international).
A replay of the webcast will be available shortly after the call concludes and will be available for 30 days following the presentation.
About Solstice Advanced Materials
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com.
Forward-Looking Statements
This news release contains forward-looking statements, within the meaning of the federal securities laws made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and our business and financial results. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "positioned," "projects," "forecasts," "intends," "plans," "continues," "could," "believes," "may," "will," "would," "should," "goals" and words and terms of similar substance in connection with discussions of future operating or financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Our actual results may vary materially from those expressed or implied in our forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by us or on our behalf. Although we believe that the forward-looking statements contained in this report are based on reasonable assumptions, you should be aware that a variety of factors, many of which are difficult to predict and outside of our control, could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including, but not limited to: our limited operating history as an independent, publicly traded company and unreliability of historical consolidated financial information as an indicator of our future results; our ability to successfully develop new technologies and introduce new products; an overall decline in the health of the economy and the industries in which we operate, including as a result of inflation, tariffs and other trade barriers and restrictions, market volatility, geopolitical instability and social unrest, the possibility of an economic downturn or recession or other macroeconomic factors; changes in the price and availability of raw materials that we use to produce our products, including due to factors such as supply chain disruptions, including due to increased energy prices, and the impact of inflation; our ability to comply with complex government regulations and the impact of changes in such regulations; global climate change and related regulations and changes in customer demand; the public and political perceptions of nuclear energy and radioactive materials; economic, political, regulatory, foreign exchange and other risks of international operations; the impact of tariffs or other restrictions on foreign imports; our ability to borrow funds and access capital markets and any limitations in the terms of our indebtedness; our ability to compete successfully in the markets in which we operate; the effect on our revenue and cash flow from seasonal fluctuations and cyclical market conditions; concentrations of our credit, counterparty and market risk; our ability to successfully execute or effectively integrate potential acquisitions or complete potential divestitures; our joint ventures and strategic co-development partnerships; our ability to recruit and retain qualified personnel; potential material environmental liabilities; the hazardous nature of chemical manufacturing; decommissioning and remediation expenses and regulatory requirements; potential material litigation matters, including disputes related to the Spin-off (as defined herein); the impact of potential cybersecurity attacks, data privacy breaches and other operational disruptions; increasing stakeholder interest in public company performance, disclosure, and goal-setting with respect to sustainability matters; failure to maintain, protect and enforce our intellectual property or to be successful in litigation related to our intellectual property or the intellectual property of others, or competitors developing similar or superior intellectual property or technology; unforeseen U.S. federal income tax and foreign tax liabilities and our ability to achieve anticipated tax treatments in connection with the Spin-off; U.S. federal income tax reform; our ability to operate as an independent, publicly traded company without certain benefits available to us as a part of Honeywell International Inc. ("Honeywell") prior to the Spin-off, including managing the costs of operating as an independent company following the Spin-off; our ability to achieve some or all of the benefits that we expect to achieve from the Spin-off; our inability to maintain intellectual property agreements; potential timing, declaration, amount and payment of the Company's dividend program; potential cash contributions to defined benefit pension plans; and our ability to maintain proper and effective internal controls.
These and other factors are more fully discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included in our Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 19, 2026, and may be updated from time to time in our SEC filings. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release. Even if our results of operations, financial condition and liquidity and the development of the industry in which we operate are consistent with the forward-looking statements contained in this release, those results or developments may not be indicative of results or developments in subsequent periods.
SOLSTICE ADVANCED MATERIALS INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(AMOUNTS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
For The Three Months Ended
March 31,
2026
2025
Product sales
$ 915
$ 838
Service sales
77
59
Net sales
991
897
Costs, expenses and other
Cost of products sold
628
531
Cost of services sold
47
45
Total cost of products and services sold
675
577
Research and development expenses
28
22
Selling, general and administrative expenses
108
93
Transaction-related costs
23
28
Other expense (income)
(7)
(11)
Interest and other financial charges
29
1
Total costs, expenses and other
855
710
Income before taxes
136
188
Income tax expense
31
47
Net income
105
140
Less: Net income attributable to noncontrolling interest
20
6
Net income attributable to Solstice Advanced Materials
$ 85
$ 134
Basic earnings per share
$ 0.53
$ 0.85
Diluted earnings per share
$ 0.53
$ 0.85
Weighted average number of common shares outstanding - basic
158.8
158.7
Weighted average number of common shares outstanding - diluted
159.3
158.7
SOLSTICE ADVANCED MATERIALS INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
As of
March 31, 2026
December 31,
2025
ASSETS
Current assets:
Cash and cash equivalents
$ 642
$ 534
Accounts receivable, less allowances of $5 and $10, respectively
632
645
Inventories
704
715
Product loans receivable, current
311
300
Other current assets
146
193
Total current assets
2,436
2,388
Property, plant and equipment – net
2,084
2,055
Goodwill
819
820
Intangible assets – net
48
49
Deferred income taxes
6
6
Equity method investments
168
162
Other noncurrent assets
188
192
Total assets
$ 5,748
$ 5,673
LIABILITIES
Current liabilities:
Accounts payable
$ 910
$ 909
Current portion of long-term debt
6
4
Product loans payable, current
331
320
Finance lease liabilities, current
14
14
Accrued and other liabilities, current
444
467
Total current liabilities
1,705
1,713
Long-term debt
1,965
1,968
Deferred income taxes
237
233
Product loans payable, noncurrent
16
16
Finance lease liabilities, noncurrent
100
104
Other noncurrent liabilities
254
262
Total liabilities
4,275
4,296
Commitments and Contingencies
EQUITY
Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,795,531
shares issued and outstanding at March 31, 2026; 158,747,196 shares issued and
outstanding at December 31, 2025)
2
2
Additional paid-in capital
1,500
1,495
Accumulated other comprehensive loss
(128)
(127)
Retained earnings
113
41
Total Solstice Advanced Materials shareowners' equity
1,486
1,411
Noncontrolling interest
(14)
(34)
Total equity
1,473
1,377
Total liabilities and equity
$ 5,748
$ 5,673
SOLSTICE ADVANCED MATERIALS INC.
SUMMARIZED CASH FLOW INFORMATION (UNAUDITED)
(DOLLARS IN MILLIONS)
For The Three Months Ended
March 31,
2026
2025
Net cash provided by operating activities
$ 199
$ 160
Net cash used for investing activities:
Capital expenditures paid
$ (75)
$ (62)
Net cash used for financing activities:
Dividends
$ (12)
$ —
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures to supplement the financial measures prepared in accordance with U.S. GAAP. These include (1) Organic sales percentage, (2) Adjusted EBITDA, (3) Adjusted EBITDA Margin, (4) Adjusted Standalone EBITDA, (5) Adjusted Standalone EBITDA margin, (6) Adjusted Net Income attributable to Solstice, (7) Adjusted diluted EPS, (8) Free cash flow, (9) Net debt, (10) Total leverage ratio, and (11) Net leverage ratio.
Below are definitions and reconciliations of certain non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes these non-GAAP financial measures provide investors with a meaningful measure of its performance period to period, align the measures to how management evaluates performance internally, and make it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most directly comparable U.S. GAAP measure. The non-GAAP financial measures we use are as follows:
Organic sales percentage: The Company defines organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Standalone EBITDA, and Adjusted Standalone EBITDA margin: The Company defines Adjusted EBITDA as net income excluding income taxes, depreciation, amortization, interest and other financial charges, remeasurement of foreign currencies, stock-based compensation expense, nonoperating pension expense (income), transaction-related costs, repositioning charges, asset retirement obligations accretion, asset impairment charges, litigation costs and insurance settlements (net of recoveries), gains and losses on disposal of assets, and certain other items that are otherwise of an unusual or non-recurring nature. The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by Net sales. The Company defines Adjusted Standalone EBITDA as Adjusted EBITDA less, for fiscal year 2025, estimated recurring and ongoing costs required to operate a new independent public company, and autonomous entity adjustments as well as adjustments for certain other employee compensation expense for employees that have historically been shared with other Honeywell businesses and were transferred to the Company in connection with the spin-off. The Company defines Adjusted Standalone EBITDA Margin as Adjusted Standalone EBITDA divided by Net sales. We believe these measures are useful to investors as they provide greater transparency with respect to supplemental information used by management in its financial and operational decision making, as well as understanding ongoing operating trends. Adjusted net income attributable to Solstice and Adjusted diluted EPS: The Company defines Adjusted net income attributable to Solstice as Net income attributable to Solstice Advanced Materials excluding the after-tax impact - based on the tax rates by jurisdiction, net of discrete items - of amortization of acquired intangibles, remeasurement of foreign currencies, nonoperating pension expense (income), transaction-related costs, repositioning charges, asset retirement obligations accretion, asset impairment charges, litigation costs and insurance settlements (net of recoveries), gains and losses on disposal of assets, and certain other items that are otherwise of an unusual or non-recurring nature. We believe Adjusted net income attributable to Solstice is useful to investors as it provides greater transparency with respect to supplemental information used by management in its financial and operational decision making, as well as in understanding ongoing operational trends. The Company defines Adjusted diluted EPS as Adjusted net income attributable to Solstice divided by diluted weighted average shares outstanding to reflect shares that are dilutive or anti-dilutive based on the amount of Adjusted net income attributable to Solstice. The weighted average common shares outstanding used to calculate Adjusted diluted earnings (loss) per share will differ from such shares used to calculate diluted earnings (loss) per share (GAAP) when the inclusion of dilutive shares has an anti-dilutive effect for one calculation but not for the other. We believe Adjusted diluted EPS is useful to investors as it provides greater transparency with respect to supplemental information used by management in its financial and operational decision making, as well as in understanding ongoing operational trends. Free cash flow: The Company defines free cash flow as net cash provided by operating activities less net capital expenditures. Net capital expenditures include capital expenditures paid less proceeds from the disposals of property, plant, and equipment. We believe this measure is useful to investors and management as a measure of cash generated by operations that can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Net debt, total leverage ratio and net leverage ratio: The Company defines net debt as total debt less cash. The Company defines total leverage ratio as total debt divided by Adjusted EBITDA. The Company defines net leverage ratio as net debt divided by Adjusted EBITDA. For purposes of showing total leverage ratio and net leverage ratio, we use Adjusted Standalone EBITDA instead of Adjusted EBITDA. We believe these measures are useful to investors and management in understanding our overall financial condition. Organic Sales Percentage
Net income attributable to Solstice Advanced Materials
(GAAP)
$ 85
$ 134
$ 188
Net income attributable to noncontrolling interest
20
6
61
Net income (GAAP)
$ 105
$ 140
$ 249
Depreciation
53
50
194
Amortization
6
7
28
Interest and other financial charges
29
1
56
Other adjustments(1)
(2)
(8)
(33)
Stock-based compensation expense
5
6
27
Transaction-related costs
23
28
113
Income tax expense
31
47
346
Adjusted EBITDA (Non-GAAP)
$ 249
$ 271
$ 978
Less - Standalone adjustments
—
(21)
(22)
Adjusted Standalone EBITDA (Non-GAAP)
$ 249
$ 250
$ 956
Net Sales
$ 991
$ 897
$ 3,980
Adjusted EBITDA Margin (Non-GAAP)
25.1 %
30.2 %
24.6 %
Adjusted Standalone EBITDA Margin (Non-GAAP)
25.1 %
27.9 %
24.0 %
_________________
1.
LTM stands for "last twelve months."
2.
Other adjustments primarily consisted of gains and losses from disposal of long-lived assets, remeasurement of foreign currencies, environmental reserves, asset retirement obligations, nonoperating pension expense (income), and certain legal costs, net of recoveries.
Adjusted net income attributable to Solstice and Adjusted diluted EPS
For The
Three Months
Ended March
31, 2026
Net income attributable to Solstice Advanced Materials (GAAP)
$ 85
Transaction-related costs
23
Amortization of acquired intangible assets
1
Other adjustments(1)
(2)
Tax effect of above adjusting items
(5)
Adjusted net income attributable to Solstice (Non-GAAP)
$ 100
Diluted weighted average shares outstanding
159.3
Diluted EPS (GAAP)
$ 0.53
Adjusted diluted EPS (Non-GAAP)
$ 0.63
_________________
1.
Other adjustments primarily consisted of gains and losses from disposal of long-lived assets, remeasurement of foreign currencies, environmental reserves, asset retirement obligations, nonoperating pension expense (income), and certain legal costs, net of recoveries.
Free cash flow
(Dollars in millions)
For The
Three Months
Ended March
31, 2026
Net cash provided by operating activities (GAAP)
$ 199
Less: capital expenditures paid
(75)
Free cash flow (Non-GAAP)
$ 124
Net debt, total leverage ratio and net leverage ratio as of March 31, 2026
(Dollars in millions)
Total Debt
$ 1,971
Less: Cash and Cash Equivalents
(642)
Net Debt (Non-GAAP)
$ 1,329
LTM Adjusted Standalone EBITDA (Non-GAAP)
$ 956
Total Leverage Ratio (Non-GAAP)
2.1x
Net Leverage Ratio (Non-GAAP)
1.4x
Reconciliation of Segment Adjusted EBITDA to Adjusted Standalone EBITDA
/PRNewswire/ -- A new industry study released today and developed by a technical working group co-led by The Chemours Company (Chemours) (NYSE: CC) and
Solstice Advanced Materials Inc. is rated a buy, driven by its unique position in both refrigeration and nuclear energy supply chains. SOLS benefits from robust demand for low global warming refrigerants and exclusive uranium hexafluoride conversion capabilities via its ConverDyn joint venture. Despite high P/B and P/FCF ratios, SOLS' diversified revenue streams and government-driven nuclear catalysts support forward growth potential.
