Solstice Advanced Mat (NASDAQ:SOLS) Issues Quarterly Earnings Results

Solstice Advanced Mat (NASDAQ:SOLS) released its quarterly earnings results on Wednesday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03, Zacks reports. The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat updated its FY 2026 guidance to 2.450-2.750 EPS.

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

• Beat expectations — Q1 revenue was $991M (+10% YoY), adjusted EBITDA $249M, adjusted EPS $0.63, with strong cash generation (operating cash flow ~$199M; free cash flow ~$124M).
• Electronic materials momentum — electronic materials revenue grew 21% YoY and Solstice is investing $200M to double sputtering?target capacity in Spokane, targeting a mid?teens IRR and evaluating further acceleration.
• Refrigerants and nuclear growth — refrigerants sales rose ~19% driven by HFO/R?454B adoption and data center demand, while nuclear sales were up 27% with de?bottlenecking underway and engineering studies for major future expansion.
• Margin and cost pressures — adjusted EBITDA was roughly flat and margins declined to 25.1% due to refrigerant mix shifts and higher R&D; GAAP net income fell because of standalone public?company costs and higher interest, and Q1 non?controlling interest was an atypical $20M.
• Strong balance sheet and guidance — net debt ~ $1.3B (net leverage ~1.4x), cash ~$642M and ~$1B revolver (~$1.6B liquidity), reaffirmed FY2026 guidance, Q2 revenue guide $1.06–1.10B, and a $0.075 quarterly dividend.

Solstice Advanced Mat Trading Up 0.3%

Shares of SOLS stock traded up $0.26 on Friday, reaching $78.02. The company’s stock had a trading volume of 118,145 shares, compared to its average volume of 2,809,135. The stock’s fifty day simple moving average is $77.37. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $84.99. The stock has a market capitalization of $12.39 billion and a P/E ratio of 299.82. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 0.98.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 115.38%.

Analysts Set New Price Targets

SOLS has been the subject of several analyst reports. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Mizuho set a $80.00 price target on Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. UBS Group downgraded Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research note on Monday, April 13th. Finally, Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.00.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $250,000. Sunbelt Securities Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $332,000. Invesco Ltd. bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $21,682,000. Corient Private Wealth LLC bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $4,444,000. Finally, Creek Drive Management Group LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter worth about $301,000.

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.