Solstice and Element Solutions mutually terminate merger; $500M buyback, FY26 guidance reaffirmed

Solstice Advanced Materials Inc.

Mutual termination of merger agreement with Element Solutions (ESI); no fees payable by either party.
Board authorized $500M share repurchase program; 158,889,436 shares outstanding as of Aug 26, 2026.
Reaffirmed FY2026 guidance: net sales $4,125-4,185M, adj EBITDA $1,035-1,055M, adj EPS $2.75-2.95.
Q3 2026 guidance: net sales $990-1,030M; capex $420-440M.
Commitment letter with Goldman Sachs and voting agreement with Sir Martin E. Franklin automatically terminated.

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