Solstice Advanced Materials raised its 2026 outlook Wednesday after third-quarter sales increased 8% from a year earlier, supported by stronger demand for electronic materials, refrigerants and healthcare packaging.

The Morris Plains, New Jersey-based company reported net sales of $1.05 billion for the quarter ended September 30, compared with $969 million a year earlier. Net income attributable to Solstice was $80 million, or 50 cents per diluted share, versus a $35 million loss in the prior-year period.

Adjusted earnings were 80 cents per diluted share. Adjusted earnings before interest, taxes, depreciation and amortization rose 13% to $265 million, with the adjusted margin increasing to 25.3%. Those adjusted figures exclude specified costs and should be considered alongside the company’s reported accounting results.

Solstice now expects full-year sales of $4.195 billion to $4.220 billion, up from its previous range of $4.125 billion to $4.185 billion. It lifted adjusted EBITDA guidance to $1.050 billion to $1.060 billion and narrowed adjusted earnings guidance to $2.90 to $2.95 per share.

Electronic and specialty materials sales rose 13% to $320 million. The company attributed much of that increase to demand for materials used in memory products, artificial-intelligence systems and thermal-management applications.

Sales in refrigerants and applied solutions increased 6% to $726 million. Healthcare-packaging sales grew 24%, while construction-related building products remained weaker. Solstice said its nuclear-business backlog reached $2.6 billion.

The company generated $693 million in operating cash flow during the first nine months of the year and spent $325 million on capital projects. It ended September with about $714 million in cash and $2.0 billion in long-term debt.

Solstice also said it repurchased $100 million of shares during the quarter and intends to substantially complete its authorized $500 million buyback by the end of the first quarter of 2027. Buyback plans and financial guidance are forward-looking and may change with business and market conditions.

The company became independent from Honeywell in October 2025. Its latest comparisons therefore include some prior-year costs tied to operating before and during that separation.

Source: - Solstice Advanced Materials, “Solstice Advanced Materials Reports Third Quarter 2026 Results,” Nov. 4, 2026