earnings
confidence high
sentiment negative
materiality 0.80
Solstice Q3 net loss $35M vs $152M profit prior year; sales up 7% to $969M
Solstice Advanced Materials Inc.
- Net loss attributable to Solstice of $35 million vs net income of $152 million in Q3 2024; spin-off costs and frictional taxes drove swing.
- Net sales $969 million, up 7% YoY, driven by growth in Refrigerants, Electronic Materials, and Safety & Defense Solutions.
- Adjusted Standalone EBITDA (estimate) $235 million, down 5% YoY; margin 24.3%, down 290 bps due to refrigerant mix and transitory costs.
- Refrigerants & Applied Solutions segment sales rose 9%, Electronic & Specialty Materials up 2%; organic net sales grew 5%.
- Reaffirms FY2025 guidance: net sales $3.75-$3.85 billion and ~25% Adjusted Standalone EBITDA margin.