Solstice Advanced Materials Inc.
Business
Solstice Advanced Materials Inc. is a global advanced materials company providing refrigerants, blowing agents, nuclear conversion services, semiconductor materials, protective fibers and healthcare packaging. Core products include low global warming potential refrigerants, blowing agents for insulation, uranium hexafluoride conversion services, sputtering targets, specialty fibers and research chemicals. The company operates two reportable segments: Refrigerants & Applied Solutions, serving HVAC/R, automotive, nuclear energy and healthcare markets; and Electronic & Specialty Materials, serving semiconductor, defense and pharmaceutical markets. Products are distributed globally under brands including Solstice, Genetron, Aclar, Spectra, Fluka and Hydranal across approximately 120 countries.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net sales | 3,886 | 3,770 | 3,649 | |
| Total cost of products and services sold | 2,636 | 2,464 | 2,366 | |
| Research and development expenses | 97 | 83 | 81 | |
| Selling, general and administrative expenses | 421 | 392 | 378 | |
| Transaction-related costs | 117 | 26 | 1 | |
| Other expense (income) | −60 | −5 | −7 | |
| Interest and other financial charges | 28 | 13 | 16 | |
| Total costs, expenses and other | 3,239 | 2,973 | 2,835 | |
| Income before taxes | 647 | 797 | 814 | |
| Income tax expense | 362 | 192 | 195 | |
| Net income | 285 | 605 | 619 | |
| Less: Net income (loss) attributable to noncontrolling interest | 48 | 11 | −2 | |
| Net income attributable to Solstice Advanced Materials | 237 | 594 | 621 | |
| Basic earnings per share (in usd per share) | 1.49 | 3.74 | 3.91 | |
| Diluted earnings per share (in usd per share) | 1.49 | 3.74 | 3.91 | |
| Weighted average number of common shares outstanding - basic (in shares) | 159 | 159 | 159 | |
| Weighted average number of common shares outstanding - diluted (in shares) | 159 | 159 | 159 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 534 | 661 | — | — | |
| Accounts receivable, less allowances | 645 | 569 | — | — | |
| Inventories | 715 | 558 | — | — | |
| Product loans receivable, current | 300 | 0 | — | — | |
| Other current assets | 193 | 73 | — | — | |
| Total current assets | 2,388 | 1,861 | — | — | |
| Property, plant and equipment net | 2,055 | 1,746 | — | — | |
| Goodwill | 820 | 806 | 814 | — | |
| Intangible assets net | 49 | 35 | — | — | |
| Deferred income taxes | 6 | 3 | — | — | |
| Product loans receivable | 0 | 264 | — | — | |
| Equity method investments | 162 | 146 | — | — | |
| Noncurrent assets | 192 | 142 | — | — | |
| Total assets | 5,673 | 5,004 | — | — | |
| Accounts payable | 909 | 778 | — | — | |
| Current portion of long-term debt | 4 | 0 | — | — | |
| Product loans payable, current | 320 | 0 | — | — | |
| Finance lease liabilities, current | 14 | 22 | — | — | |
| Accrued and other current liabilities | 467 | 283 | — | — | |
| Total current liabilities | 1,713 | 1,083 | — | — | |
| Long-term debt | 1,968 | 0 | — | — | |
| Deferred income taxes | 233 | 179 | — | — | |
| Product loans payable, noncurrent | 16 | 293 | — | — | |
| Finance lease liabilities, noncurrent | 104 | 37 | — | — | |
| Other noncurrent liabilities | 262 | 230 | — | — | |
| Total liabilities | 4,296 | 1,822 | — | — | |
| Commitments and Contingencies | — | — | — | — | |
| Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,747,196 shares issued and outstanding at December 31, 2025; 0 shares issued and outstanding at December 31, 2024) | 2 | 0 | — | — | |
| Additional paid-in capital | 1,495 | 0 | — | — | |
| Net Parent investment | 0 | 3,471 | — | — | |
| Accumulated other comprehensive loss | −127 | −213 | — | — | |
| Retained earnings | 41 | 0 | — | — | |
| Total Solstice Advanced Materials stockholders equity | 1,411 | 3,258 | — | — | |
| Noncontrolling interest | −34 | −76 | — | — | |
| Total equity | 1,377 | 3,182 | 3,028 | 2,718 | |
| Total liabilities and equity | 5,673 | 5,004 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation | 191 | 175 | 170 | |
| Amortization | 29 | 42 | 51 | |
| Equity income of affiliated companies | −19 | −19 | −17 | |
| Gain on sale of fixed assets | −15 | 0 | −9 | |
| Stock compensation expense | 27 | 17 | 18 | |
| Accrued interest on long-term debt | 24 | 0 | 0 | |
| Deferred income taxes | 52 | −6 | −36 | |
| Accounts receivable | −51 | 40 | −134 | |
| Inventories | −146 | −16 | −78 | |
| Other assets | −117 | −3 | −14 | |
| Accounts payable | 77 | 12 | 78 | |
| Accrued liabilities, current | 102 | 44 | 30 | |
| Deferred income and customer advances | 2 | −20 | 53 | |
| Other liabilities | 15 | −29 | 29 | |
| Net cash provided by operating activities | 455 | 842 | 760 | |
| Capital expenditures paid | −336 | −296 | −299 | |
| Cash paid for long-life catalysts and deferred maintenance | −2 | −1 | −33 | |
| Purchase of intangible assets | −16 | 0 | 0 | |
| Proceeds from disposals of property, plant, and equipment | 23 | 0 | 11 | |
| Other | 0 | −1 | −3 | |
| Net cash used for investing activities | −330 | −298 | −324 | |
| Net transfers to Parent | −684 | −414 | −345 | |
| Issuance of long-term debt | 2,000 | 0 | 0 | |
| Payment of deferred financing costs | −38 | 0 | 0 | |
| Dividend to parent | −1,500 | 0 | 0 | |
| Finance lease payments | −13 | −39 | −33 | |
| Net cash used for financing activities | −235 | −453 | −378 | |
| Effect of foreign exchange rate changes on cash and cash equivalents | −15 | −36 | −1 | |
| Net (decrease) increase in cash and cash equivalents | −126 | 55 | 57 | |
| Income taxes paid, net of refunds | 50 | 22 | 24 | |
| Interest paid on finance leases | 4 | 10 | 17 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Solstice Advanced Materials Inc.'s CIK number?
Solstice Advanced Materials Inc.'s SEC CIK number is 0002064953 (2064953). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Solstice Advanced Materials Inc.'s SEC filings?
All of Solstice Advanced Materials Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Solstice Advanced Materials Inc. last report earnings?
Solstice Advanced Materials Inc. (SOLS) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002064953-26-000045). This is Solstice Advanced Materials Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Solstice Advanced Materials Inc.'s most recent earnings 8-K?
Solstice Advanced Materials Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0002064953-26-000045. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Solstice Advanced Materials Inc.'s latest earnings 8-K →
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