Solstice Advanced Materials has delivered a strong third-quarter performance, beating sales guidance, expanding margins and raising its full-year 2026 financial outlook, driven by robust growth across its Electronic Materials, Refrigerants and Healthcare Packaging businesses.
The company reported net sales of $1.046 billion for the third quarter, an 8% increase year-on-year, exceeding its guidance.
Net income attributable to Solstice Advanced Materials stood at $80 million, translating into diluted earnings per share (EPS) of $0.50. Adjusted diluted EPS came in at $0.80.
Profitability also strengthened, with adjusted EBITDA reaching $265 million and adjusted EBITDA margin expanding to 25.3% — a 109-basis-point improvement from the same period last year.
Buoyed by the strong quarterly performance, Solstice raised its full-year 2026 guidance. The company now expects net sales of $4.195 billion to $4.220 billion, adjusted EBITDA of $1.050 billion to $1.060 billion, and adjusted diluted EPS of $2.90 to $2.95.
David Sewell, President and Chief Executive Officer of Solstice Advanced Materials, said the company’s performance underscored the strength of its portfolio and execution.
"Solstice delivered strong third-quarter results, demonstrating the value of our differentiated portfolio and consistent execution," said David Sewell, President and Chief Executive Officer.
"Our businesses are well positioned to benefit from key secular growth trends including nuclear energy, thermal management, AI and data centers, and we continue to invest to support that growth. Our cash generation and balance sheet strength also enable us to return capital to shareowners, including through our $500 million share repurchase authorization, which we intend to substantially complete by the end of the first quarter of 2027."
Solstice returned $112 million to shareowners during the third quarter, including $100 million through share repurchases.
The company also reaffirmed its commitment to capital returns, stating that it intends to substantially complete its $500 million share repurchase authorization by the end of the first quarter of 2027.
The latest results highlight Solstice's strong operating momentum, improving profitability and confidence in its growth prospects, with investments targeting high-growth markets such as nuclear energy, thermal management, artificial intelligence and data centre infrastructure.
