Solstice Advanced Materials (NASDAQ:SOLS) signaled a strong start to its life as an independent company, reporting fourth-quarter revenue that topped $987 million and declaring its first-ever quarterly dividend.
The Morris Plains, New Jersey-based specialty materials leader, which completed its spinoff from Honeywell International in late 2025, saw net sales climb 8% year-over-year.
The growth was driven by a surge in its "alternative energy services" segment, specifically nuclear materials, alongside robust demand for electronic materials and its signature low-global-warming-potential (LGWP) refrigerants.
The company’s Metropolis Works facility—the only domestic uranium hexafluoride conversion site in the U.S.—is proving to be a crown jewel.
Just yesterday, Solstice announced an expansion at the facility to meet a $2 billion backlog, aiming to increase production by 20% by 2026.
"Our strong fourth-quarter results reinforce the value of our differentiated technology platform," said CEO David Sewell.
"We are seeing continued momentum in businesses aligned with key secular growth trends, such as data centers, AI, and nuclear energy."
For the full year 2025, Solstice generated $3.9 billion in net sales and a net income of $237 million.