Good morning, everyone,
As previously @topicswithhead , Honeywell’s aerospace division is set to be spun off this summer $HON (-0,06%) is scheduled to take place this summer.
For this reason, I’d like to introduce you today to the spin-off of the former Advanced Materials business—now the publicly traded company Solstice—which has already taken place $SOLSV (-0,52%) .
I look forward to a great discussion in the comments.
Solstice Advanced Materials Inc.was formed through the spin-off of the Advanced Materials division of Honeywell International Inc. and specializes in the development of specialty materials and high-performance solutions for the semiconductor, refrigeration, energy, and protective applications industries. The group’s activities are divided into two product families:
- Refrigerants and Applied Solutions: propellants, data center cooling solutions, solvents, aerosols, healthcare packaging materials, etc.;
- Electronics and Specialty Materials: high-performance fibers, materials for semiconductor manufacturing, laboratory products, and specialty reagents.
Number of employees: 4,100
Highlights of the fourth quarter of 2025
- Successful spin-off completed on October 30, gaining momentum as an independent publicly traded company
- Better-than-expected results reflecting demand for Solstice’s differentiated product portfolio and strong execution
- A profile featuring first-class returns and a conservative debt position enables financial flexibility and reinvestment in high-growth, high-return areas
- Returning capital to shareholders through a disciplined capital allocation strategy with a quarterly dividend
- Well-positioned for 2026; providing guidance in line with Investor Day
Solstice is well-positioned to support the U.S. nuclear renaissance
Metropolis Works is the only uranium hexafluoride (UF6) conversion facility in the U.S.
- Expansion of Metropolis conversion capacity to over 10 kt/year in 2026
- • Production in 2026 is expected to be approximately 20% higher than the levels planned for 2024
- • Higher production volume partially supported by the U.S. Department of Energy (DOE)
- • Disciplined investment in capital expenditures and improved operational excellence
Strong demand supports continued expansion
- • Robust order backlog of over $2 billion, driven by orders from long-standing customers
- • The plant’s current production capacity is largely contracted through 2030
- • DOE goal to quadruple U.S. nuclear power capacity by 2050
Actively continuing to explore opportunities to expand capacity
- • Evaluating both bottleneck relief measures and investments in new capacity
- • Long-term supply discussions with customers have been initiated
- • Leading EPC firm engaged to conduct initial technical analyses
- • Commitment to maintaining a disciplined approach with a high return on investment
Short- and Medium-Term Earnings Dynamics
- • 2026 revenue impacted by ~$30 million due to the repayment of the final UF6 loan from the 2017–2023 plant decommissioning
- • Double-digit profit growth (CAGR) from 2026 to 2030, supported by the current order backlog
Leveraging over 60 years of operational excellence, industry leadership, and proprietary expertise
In the press release titled “Solstice Advanced Materials Announces Expansion of Uranium Conversion Production to Support Strong Customer Demand from the Nuclear Industry,” published on February 10, 2026, by Solstice Advanced Materials US, Inc. via PR Newswire; the company informs us that changes have been made.
SOLS 4Q25 Earnings Presentation
Solutions by Application
- Air Conditioning, Cooling, and Heating
- Product Range and Grades for Solder Fluxes
- Building and Construction
- Defense
- Healthcare and Pharmaceuticals
- Laboratory and Research Chemicals
- Manufacturing and Industry
- Nuclear Energy Services
- Semiconductors and Electronic Materials
Solutions by Product
- Advanced Semiconductor Materials
- Air Conditioning, Cooling, and Heating
- Authentication Technologies
- Electronic Chemicals
- Fine Chemicals
- Foaming Agents
- Industrial films
- Jet-Applied Solder Flux
- Medical and pharmaceutical packaging films
- Medical propellant
- Metal Solder Flux
- Personal Care
- Propellants and Solvents
- Research chemicals
- Special Additives
- Spectral fibers
Expansion to strengthen U.S. production of defense-critical materials, promote innovation, and create 100 full-time high-tech jobs MORRIS PLAINS, N.J., January 13, 2026 /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS), a global leader in high-performance specialty materials, today
January 13, 2026
The state-of-the-art facility is expected to double capacity, reduce lead times by 25%, enable circular production of semiconductor materials, and strengthen Solstice’s U.S. manufacturing presence. MORRIS PLAINS, N.J., December 2, 2025 /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS), a leading company
December 2, 2025
The spin-off positions Solstice to accelerate growth and unlock shareholder value as a leading pure-play specialty materials company poised to benefit from strong and resilient secular trends in cooling, building solutions, advanced computing, energy, security, and healthcare. Begins trading today, effective
October 30, 2025
in millions of USD
Estimates
Year Revenue Change
2025 3,886 3.08%
2026 4,056 4.38%
2027 4,258 4.98%
2028 4,523 6.22%
Year EBIT Change
2025 780
2026 795.2 1.95%
2027 888.6 11.75%
2028 1,245 11.44%
Year Net Income Change
2025 237 -60.1%
2026 434.3 80.26%
2027 507.3 16.79%
2028 587.2 15.75%
Year Net Debt CAPEX
2025 1,438
2026 1,309 407.7
2027 1,188 342
2028 801 316
Year Free Cash Flow Change
2026 407.7
2027 342 -16.11%
2028 316 -7.6%
Year EBIT Margin ROE Debt-to-Equity Ratio
2025 20.07% 10.15% 1.44x
2026 19.6% 26.57% 1.29x
2027 20.87% 25.26% 1.06x
2028 22.52% 23.95% 0.64x
Year Earnings per Share Change
2025 1.49
2026 2.74 83.9%
2027 3.219 17.48%
2028 3.744 16.31%
Year Dividend per Share Yield
2026 0.2996 0.4%
2027 0.3199 0.43%
2028 0.3604 0.48%
Year P/E P/B PEG
2025 32.6x
2026 27.4x 6.81x 0.3x
2027 23.3x 5.76x 1.3x
2028 20x 4.66x 1.2x
Market Value 11,898
Number of shares (in thousands) 158,748
Date of publication: February 11, 2026
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