Solstice Materials gains after raising annual forecast on strong specialty materials demand

Solstice Advanced Materials

30/07/2026 14:43

Updates
** Specialty materials maker Solstice Advanced Materials SOLS.O up 6.8% at $59.49
** Co raises its full-year adjusted profit and sales forecasts 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 and $2.95 per share, compared with prior view of $2.45 to $2.75
** CEO David Sewell told Reuters that the company had seen a minor cost impact from the Middle East conflict, but said it was immaterial relative to the overall business
** Including session's move, SOLS up 14.6% YTD

 (Reporting by Katha Kalia in Bengaluru)
 ((katha.kalia@thomsonreuters.com))