Recent Updates — SOLS
Solstice Advanced Materials Inc. mutually terminated its previously announced merger agreement with Element Solutions Inc., releasing both parties from liability and resulting in no termination fees. Concurrently, Solstice's Board of Directors authorized a new share repurchase program allowing the company to buy back up to $500 million of common stock using cash on hand and operating cash flows. The company reaffirmed its third-quarter 2026 net sales guidance of $990–$1,035 million and full-year adjusted EBITDA guidance of $1,035–$1,055 million. Solstice Advanced Materials Inc. is a global specialty materials company providing high-performance solutions for industries including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, and healthcare packaging.
Solstice Advanced Materials Inc. reported second quarter 2026 net sales of $1,148 million, an 11% increase year-over-year, driven by double-digit growth in Nuclear, Electronic Materials, Refrigerants, and Healthcare Packaging segments. Net income attributable to the company was $119 million, or diluted EPS of $0.75, while Adjusted EBITDA reached $290 million with a 25.3% margin. The company raised its full-year 2026 guidance, now expecting net sales between $4,125 and $4,185 million, Adjusted EBITDA of $1,035 to $1,055 million, and Adjusted Diluted EPS of $2.75 to $2.95. Additionally, Solstice announced a quarterly cash dividend of $0.075 per share, payable on September 10, 2026, to shareholders of record as of August 27, 2026. The company operates in the specialty materials industry, providing high-performance solutions for refrigerants, semiconductor manufacturing, nuclear energy, and healthcare packaging.
Solstice Advanced Materials Inc. entered into an amendment to its existing credit agreement on July 24, 2026, to allow for $4.685 billion in bridge financing to support its merger with Element Solutions Inc. Solstice Advanced Materials Inc. operates in the advanced materials industry and provides specialized chemical and material science solutions.
On July 20, 2026, Solstice Advanced Materials Inc. issued an investor presentation regarding its proposed acquisition of Element Solutions Inc. The combined entity is expected to have 2025 revenues of $6.8 billion and a combined Adjusted EBITDA of $1.7 billion (including year 3 synergies). Solstice anticipates run-rate synergies of approximately $210 million by year 3, with $180 million+ expected by year 3. The transaction is expected to be accretive to Adjusted EPS in year 1, with a target synergized net leverage of 3.1x. Solstice intends to file a registration statement on Form S-4 containing a joint proxy statement and prospectus. The company operates in the specialty chemicals and advanced materials industry, providing solutions for electronics, nuclear, and industrial sectors.
Solstice Advanced Materials Inc. announced a quarterly dividend of $0.075 per share of common stock, payable on September 10, 2026, to shareholders of record as of August 27, 2026. Solstice Advanced Materials is a specialty materials company that provides high-performance solutions for industries such as semiconductor manufacturing and data center cooling.
Solstice Advanced Materials Inc. filed an Amendment No. 1 to its Form 8-K to correct typographical errors in the Agreement and Plan of Merger dated July 6, 2026, between Solstice, Element Solutions Inc, Solar Merger Sub One Inc. and Solar Merger Sub Two LLC. The amendment replaces the previously filed version of Exhibit 2.1 with a corrected version. Solstice Advanced Materials Inc. operates in the advanced materials industry and provides specialized material solutions.