Quarterly ResultMay 6, 2026, 06:14 AM
Solstice Advanced Materials Q1 Net Sales $991M, EPS $0.53
AI Summary
Solstice Advanced Materials Inc. reported first-quarter 2026 financial results, with net sales increasing 10% year-over-year to $991 million. However, net income attributable to the company decreased 37% to $85 million, and diluted EPS fell 37% to $0.53, primarily due to higher operating costs, R&D investments, net interest expense, and non-controlling interest. The company reaffirmed its full-year 2026 guidance and declared a quarterly cash dividend of $0.075 per share.
Key Highlights
- Net Sales increased 10% year-over-year to $991 million.
- Net Income attributable to Solstice Advanced Materials decreased 37% to $85 million.
- Diluted Earnings per Share (EPS) decreased 37% to $0.53.
- Adjusted diluted EPS was $0.63.
- Adjusted EBITDA was $249 million, with a margin of 25.1%.
- Operating Cash Flow was $199 million, and Free Cash Flow was $124 million.
- Refrigerants & Applied Solutions segment net sales rose 12% to $711 million.
- Electronic & Specialty Materials segment net sales increased 7% to $281 million.
- Company reaffirmed full-year 2026 guidance for Net Sales ($3.9B-$4.1B) and Adjusted EBITDA ($975M-$1.025B).
- Declared a quarterly cash dividend of $0.075 per share.