Solstice debuts as independent public company post-Honeywell spin; Q1 revenue +10%, margin pressured

Filed May 6, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

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  Completed October 2025 spin-off from Honeywell, distributing 158.7M shares to former parent's shareholders at 1-for-4 ratio; now trades independently on Nasdaq as SOLS with $1B debt load from 5.625% senior notes due 2033.

  MD&A: Spin-off Transaction verify on EDGAR →
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  Q1 2026 revenue rose 10% to $991M on volume growth and favorable pricing, but net income fell 37% to $85M as $28M in new interest expense from spin-off debt and higher production costs offset top-line gains.

  MD&A: Financial Results verify on EDGAR →
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  Refrigerants segment (72% of revenue) grew 12% on low-GWP refrigerant transition and nuclear demand, but margin compressed 5 points to 34.1% due to unfavorable product mix and elevated production costs.

  MD&A: RAS Segment verify on EDGAR →