Solstice Advanced Mat (NASDAQ:SOLS) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Solstice Advanced Mat (NASDAQ:SOLS) released its quarterly earnings results on Thursday. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09, FiscalAI reports. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat updated its FY 2026 guidance to 2.750-2.950 EPS.

Here are the key takeaways from Solstice Advanced Mat’s conference call:

• Q2 results exceeded guidance, with net sales of $1.148 billion, up 11% year over year, and adjusted EBITDA of $290 million, up 2%. Six of seven businesses grew, including double-digit growth in refrigerants, nuclear, healthcare packaging, and electronic materials.
• Solstice raised its full-year 2026 outlook to $4.125–$4.185 billion in sales, $1.035–$1.055 billion in adjusted EBITDA, and $2.75–$2.95 in adjusted EPS. Management expects continued momentum in refrigerants and electronics, though nuclear revenue will be affected by approximately $30 million of product-loan returns in the second half.
• Demand remains strong in secular growth markets, particularly AI infrastructure, data centers, semiconductors, and nuclear energy. Electronic materials sales rose 15%, while the company is accelerating its Spokane expansion and evaluating additional capacity to meet strong multi-year demand for sputtering targets.
• Refrigerants sales increased 13%, but segment EBITDA fell 6% and margin declined to 32.9% because of plant turnarounds and unfavorable comparisons with prior-year production incentives. Management expects margins to recover to the mid-30% range in the second half as outages ease and the HFO transition progresses.
• The pending Element Solutions acquisition remains subject to shareholder and regulatory approvals and is not expected to close until the first half of 2027. Management plans to finance the transaction while targeting net leverage below three times EBITDA within 18 months after closing, creating execution and integration risks despite its expected strategic benefits.

Solstice Advanced Mat Stock Up 3.6%

Solstice Advanced Mat stock traded up $2.04 during midday trading on Friday, hitting $59.43. The stock had a trading volume of 610,967 shares, compared to its average volume of 2,920,978. The business has a fifty day moving average price of $74.89 and a 200 day moving average price of $74.66. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The stock has a market cap of $9.44 billion and a P/E ratio of 66.81. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Hedge Funds Weigh In On Solstice Advanced Mat

Several large investors have recently added to or reduced their stakes in SOLS. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the first quarter worth $26,000. Princeton Global Asset Management LLC acquired a new position in shares of Solstice Advanced Mat in the 1st quarter valued at about $27,000. Westfuller Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at about $36,000. Darwin Wealth Management LLC bought a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at about $37,000. Finally, Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat during the fourth quarter worth about $25,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on SOLS shares. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Wednesday, July 22nd. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada upped their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.50.

About Solstice Advanced Mat

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.