Solstice Advanced Materials Inc. (NASDAQ:SOLS) reported fourth-quarter results on Wednesday that missed earnings expectations, even as the company delivered solid year-over-year revenue growth.
Shares slipped 0.06% following the release.
The specialty materials maker posted adjusted earnings per share of $0.26, below the $0.40 analysts had forecast. Revenue rose 8% from a year earlier to $987 million, compared with $913 million in the prior-year period.
“I’m pleased to report Solstice’s strong fourth quarter results, with better-than-anticipated results reinforcing the value of our differentiated technology platform and product offerings,” said David Sewell, President and Chief Executive Officer.
Top-line growth was fueled by double-digit gains in the Nuclear (Alternative Energy Services), Electronic Materials, and Refrigerants businesses. The Refrigerants & Applied Solutions division recorded a 10% increase in net sales, while Electronic & Specialty Materials grew 4%.
However, adjusted standalone EBITDA declined 20% year over year to $189 million in the fourth quarter. The company cited temporary expenses, margin pressure related to the shift toward low global warming potential refrigerants, and production downtime as key factors behind the drop.
For fiscal 2026, Solstice expects revenue in the range of $3.9 billion to $4.1 billion, versus the $3.964 billion consensus estimate. Adjusted earnings per share are projected between $2.45 and $2.75, below analysts’ expectations of $2.88.
“As we move into 2026, we are confident in our ability to build on our track record of operational excellence and continue unleashing growth across the business,” Sewell added.
The company also declared its first quarterly dividend of $0.075 per share, payable March 10, 2026, to shareholders of record as of February 24, 2026.