10-Q · May 6, 2026
Solstice Advanced Materials reported strong Q1 2026 results with net sales of $991 million, reflecting a 10% increase year-over-year, and adjusted diluted EPS of $0.63, beating estimates of $0.61. Despite revenue…
Earnings analysis · 10-Q
SOLS earnings analysis
Filed November 4, 2026 · Our reading of the company's report
The latest report
Solstice reported third-quarter revenue of $1.046 billion and adjusted diluted EPS of $0.80, beating consensus, but GAAP diluted EPS was $0.50 because of transaction-related items. Full-year 2026 revenue guidance was…
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Solstice reported third-quarter revenue of $1.046 billion and adjusted diluted EPS of $0.80, beating consensus, but GAAP diluted EPS was $0.50 because of transaction-related items. Full-year 2026 revenue guidance was raised to $4.20 billion-$4.22 billion, adjusted EPS guidance to $2.90-$2.95, and adjusted EBITDA guidance to $1,050 million-$1,060 million, while capex guidance remained $420 million-$440 million. The quarter also introduced capital-allocation risk through a $500 million repurchase authorization and 1,685,339 shares repurchased at $59.32.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.5
What stood out
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Revenue beat consensus
Third-quarter revenue was $1.046 billion, exceeding the $1.016 billion consensus estimate by approximately 2.9%.
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Adjusted EPS beat, GAAP EPS affected
Adjusted diluted EPS was $0.80 versus the $0.69 consensus estimate, a 15.9% beat; reported GAAP diluted EPS was $0.50 after transaction-related items.
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Full-year outlook raised
Full-year 2026 adjusted EPS guidance increased to $2.90-$2.95 from $2.75-$2.95, while adjusted EBITDA guidance increased to $1,050 million-$1,060 million from $1,035 million-$1,055 million.
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Revenue outlook raised
The company maintained full-year capital expenditure guidance at $420 million-$440 million while raising revenue guidance to $4.20 billion-$4.22 billion.
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Share repurchases commenced
The company repurchased 1,685,339 shares during the quarter at an average price of $59.32, leaving approximately $400 million available under the repurchase authorization.
What to watch
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GAAP earnings volatility
GAAP diluted EPS was $0.50, below the $0.69 consensus estimate and below adjusted diluted EPS of $0.80, reflecting transaction-related items and creating a risk that reported earnings remain volatile.
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Repurchases may reduce liquidity
The company disclosed a $500 million share repurchase authorization and had approximately $400 million remaining after repurchasing 1,685,339 shares. Repurchases could diminish cash reserves and may not enhance shareholder value.
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Litigation and environmental exposure
The filing identifies lawsuits, investigations, disputes and claims involving commercial, intellectual-property, and environmental, health and safety matters, including matters involving substantial amounts; the filing does not quantify the maximum potential exposure.
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Merger termination
The company’s merger agreement with Element Solutions was terminated on August 27, 2026, following the agreement dated July 6, 2026, creating execution and strategic uncertainty around the previously contemplated transaction.
Management's outlook
Full-year 2026 adjusted diluted EPS guidance was raised from $2.75-$2.95 to $2.90-$2.95, and adjusted EBITDA guidance was raised from $1,035 million-$1,055 million to $1,050 million-$1,060 million. Capital expenditure guidance was maintained at $420 million-$440 million.
Earlier filings 2
10-K · February 19, 2026
Solstice completed its spin-off from Honeywell on October 30, 2025 and operates two reportable segments (RAS and ESM) focused on LGWP refrigerants, blowing agents, nuclear conversion services and electronic/specialty…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.