Solstice Materials gains after raising annual forecast on strong specialty materials demand
BUZZ-Solstice Materials gains after raising annual forecast on strong specialty materials demand ** Specialty materials maker Solstice Advanced Materials SOLS.O up 4.4% at $58.14 premarket
** Co raises its full-year adjusted profit and sales forecast on strong demand for nuclear, refrigerants and electronic materials, as well as pricing actions
** Q2 net sales rise more than 11% from a year ago to $1.15 billion; adj. core profit increases 2% to $290 million
** SOLS expects 2026 adj. earnings to be between $2.75/share and $2.95/share, compared with prior view of $2.45/share to $2.75/share
** As of last close, SOLS up 14.5% YTD
(Reporting by Katha Kalia in Bengaluru)
Recent news on Solstice Advanced Materials
See all newsUS STOCKS ON THE MOVE-Hilton, MSCI, Tradeweb, Eli Lilly
Starboard's Smith unveils stake in Solstice, presses for improvements (updated)
US STOCKS ON THE MOVE-Hilton, MSCI, Tradeweb, Eli Lilly
Starboard's Smith unveils stake in Solstice, presses for improvements
U.S. STOCKS ON THE MOVE-Vicor, Equifax, American Electric Power