SOLS earnings analysis
What we found in SOLS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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 growth, the company experienced a 25% decline in net income attributable to Solstice, totaling $85 million, partly due to increased operational costs and a rise in interest expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 10% YoY
- Net sales increased by $94 million or 10% compared to the prior year, totaling $991 million.
- Strong EPS Performance
- Adjusted diluted EPS for Q1 2026 was reported at $0.63, exceeding the estimated EPS of $0.61 by 0.0328.
- Increased Operating Cash Flow
- Operating cash flow for Q1 2026 rose to $199 million, up from $160 million in the prior year.
- Improvement in Segment Performance
- ESM segment net sales grew by $19 million or 7%, driven by volume increases in electronic materials.
- Cash Position Strengthened
- Cash and cash equivalents amounted to $642 million as of March 31, 2026, up from $534 million at year-end 2025.
- Reduction in Transaction-Related Costs
- Transaction-related costs decreased by $5 million due to reduced advisory service fees post-spin-off.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decrease in Net Income
- Net income attributable to Solstice declined 37% year-over-year, decreasing from $134 million to $85 million.
- Increased Interest Expenses
- Interest and other financial charges surged to $29 million in Q1 2026 compared to $1 million in Q1 2025.
- Higher Operating Costs
- Total costs and expenses rose by 21% compared to the prior year, impacting profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.63
- Gross margin
- 32%
- Operating margin
- 14%
- Segment
- Refrigerants & Applied Solutions - $711M
- Segment
- Electronic & Specialty Materials - $281M
What they said about what is next.
The company reaffirms its full-year 2026 guidance for revenue and EPS.
The filing reads about the same as the one before it.
What came before.
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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