Solstice Advanced Materials falls after posting quarterly loss

Solstice Advanced Materials

06/11/2025 13:47

** Shares of Solstice Advanced Materials SOLS.O fall nearly 1.3% to about $47.7 premarket

** SOLS reports Q3 net loss of $35 mln, primarily due to income tax expenses related to its spin-off from Honeywell

** But Q3 net sales rose 7% to $969 mln from a year ago, driven by growth across refrigerants, electronic materials and safety and defense solutions segments

** Co sees accelerating order backlog for alternative energy services, fueled by favorable domestic industry dynamics

** SOLS reported its first earnings following its spin-off from Honeywell HON.O on Oct 30

** One of three brokerages rate the stock "buy" and two "hold"; their median PT is $57, according to data compiled by LSEG

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))