Solstice Advanced Mat (NASDAQ:SOLS) Announces Earnings Results, Beats Estimates By $0.09 EPS

Solstice Advanced Mat (NASDAQ:SOLS) announced its quarterly earnings data on Thursday. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09, FiscalAI reports. The firm 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 Performance

SOLS stock traded up $1.73 during trading on Thursday, reaching $57.39. The stock had a trading volume of 4,829,914 shares, compared to its average volume of 2,938,117. The firm has a market cap of $9.11 billion and a PE ratio of 64.48. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average is $75.33 and its two-hundred day moving average is $74.63. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80.

Solstice Advanced Mat Announces Dividend

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

Institutional Investors Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Associated Banc Corp boosted its holdings in shares of Solstice Advanced Mat by 10.1% in the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock worth $542,000 after buying an additional 654 shares during the last quarter. Carnegie Investment Counsel bought a new position in Solstice Advanced Mat in the first quarter worth approximately $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Solstice Advanced Mat by 6.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock worth $3,182,000 after acquiring an additional 2,480 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Solstice Advanced Mat during the 1st quarter worth $685,000. Finally, Fifth Third Bancorp grew its position in shares of Solstice Advanced Mat by 38.5% during the 1st quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock valued at $9,609,000 after acquiring an additional 35,102 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SOLS shares. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Royal Bank Of Canada boosted their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, UBS Group reiterated a “buy” rating on shares of Solstice Advanced Mat in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.