Al Root

Solstice Advanced Materials reported its first quarter as an independent company, and gave an outlook for 2026 as well. Things went OK.

Solstice announced fourth-quarter earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $189 million from sales of $987 million on Wednesday morning. Wall Street was looking for Ebitda of $182 million from sales of $922 million.

Things were a little better than expected for the company, recently spun out of Honeywell International, which makes refrigerants and advanced materials serving electronics, defense, power, and data center markets.

For the full year, sales were $3.9 billion, up 3% compared with 2024.

For 2026, management expects Ebitda of about $1 billion from sales of $4 billion. Wall Street projects sales of just under $4 billion and Ebitda of about $1 billion, according to Bloomberg.

For the first quarter, Ebitda is expected to be about $240 million from sales of about $960 million. Both numbers are close to Street estimates.

Things look about as they should. The 2026 earnings-per-share guidance range is $2.45 to $2.75. Analysts project about $2.90 a share. That looks light, still the full-year Ebitda number is in line.

Solstice stock was up 1.9% at $65.00 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were flat and up 0.1%, respectively.

How the stock will trade on Wednesday is hard to say. Solstice is new. What's more, shares have been strong lately. They started trading in October, a few days before the Honeywell separation was official. Solstice stock was in the high $40s at the time. It closed Tuesday at $63.80, and through Tuesday trading, it was up 31% so far this year.

Along with earnings, Solstice announced a 7.5 cents quarterly dividend.

It also announced on Tuesday evening the expansion of uranium hexafluoride production to "over 10 kilotonnes" annually, up some 20% from its 2024 output.

Uranium hexafluoride is an intermediate product between uranium ore and nuclear fuel pellets. A handful of companies can make it, including Solstice and Canada's Cameco. Global capacity is estimated to be about 60 kilotonnes, including China and Russia.

A lot is happening at the new company. That's good news for investors.

Write to Al Root at allen.root@dowjones.com

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(END) Dow Jones Newswires

February 11, 2026 06:01 ET (11:01 GMT)

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