Honeywell spinoff Solstice sees 2026 profit below estimate as margins remain under pressure
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Solstice Advanced Materials, spun off from Honeywell, forecasts 2026 earnings below market estimates, projecting adjusted EPS of $2.45 to $2.75 versus the $2.93 expected by analysts. Despite a strong fourth quarter with 8% sales growth to $987 million, profitability is pressured by higher operating costs and a shift to low-global-warming refrigerants. The company anticipates annual sales between $3.9 billion and $4.1 billion, indicating modest growth but ongoing margin challenges. CEO David Sewell highlights strong demand in nuclear energy and AI-driven data centers as growth drivers, despite a nearly 20% drop in adjusted EBITDA for Q4.
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