Solstice Advanced Materials, Inc.

- As of March 31, 2026, Solstice held a conservative leverage profile with long-term debt of $2 billion and net leverage ratio of approximately 1.4x. - The company had strong liquidity with $642 million cash and equivalents plus $1 billion availability under revolving credit, totaling $1.6 billion. - There is no mention of current or planned new fundraising via debt or equity in the first quarter 2026 report. - The company is in the process of repaying a loan impacting about $30 million for the year, expected mainly in the second half of 2026, completing all loan returns by year-end. - Capital expenditures increased by 32% for growth investments, funded by current cash flow and balance sheet strength. - No explicit plans announced for additional debt or equity raises; focus remains on prudent capital allocation, including dividends and high-return growth capex.

- $82 million capital expenditures in Q1 2026, a 32% increase YoY, focused on long-term growth. - Active investments in Electronic Materials project, Spectra holistic fiber expansion in Virginia. - Exploring further expansion opportunities in nuclear conversion business. - $200 million investment to double sputtering targets capacity at Spokane, Washington facility, aiming to reduce lead times and boost sustainability. - Evaluating acceleration of organic growth investments and strengthening innovation pipeline in electronic materials. - Nuclear business debottlenecking underway; targeting 25% volume increase from 2024 levels. - Engineering study in progress for significant nuclear production capacity expansion for 2030s. - Planning to host a webinar on June 4 to provide more insight into the nuclear business. - Capital expenditures forecast of $400-425 million for full year 2026. - Focus on high-return growth CapEx driving innovation and expansion aligned with secular growth trends.

- Strong momentum heading into Q2 with 5 planned maintenance outages on track (Page 9). - Refrigerants segment expecting continued double-digit growth driven by HFO transition and data center demand (Pages 6 and 9). - Nuclear business volume expected to increase 25% from 2024 levels due to debottlenecking; engineering studies underway for significant future expansion to meet 2030s demand (Page 5). - Electronic Materials experiencing robust demand with 21% YoY revenue growth; capacity expansion underway in Spokane to meet strong global demand for semiconductor applications, driven by AI and data center growth (Pages 2 and 7). - Safety & Defense Solutions anticipating strong Q2 growth based on orders, with ongoing investments to support long-term demand (Page 8). - General optimism about secular growth trends in nuclear, high-performance computing, data centers, and defense spending (Pages 4 and 9). - Capital expenditures increased 32% YoY focusing on high-return growth projects to fuel expansion (Page 4).

- Solstice reaffirms full-year 2026 guidance: net sales of $3.9B–$4.1B, adjusted EBITDA of $975M–$1.025B, adjusted diluted EPS of $2.45–$2.75. - Strong Q1 performance and momentum provide increased confidence in achieving full-year targets. - Growth driven by key businesses: Nuclear, Electronic Materials, Refrigerants, and Safety & Defense Solutions. - Significant investments in high-return areas and R&D to fuel long-term growth, including $200M expansion in Electronic Materials (Spokane facility). - Expect modest margin expansion in Q2 2026 as commercial actions offset inflation. - Continued strong demand positions company for durable margins and high return on invested capital (ROIC). - Future updates to guidance expected after Q2, contingent on geopolitical environment and secular growth momentum.

- Safety & Defense Solutions segment currently has $50 million in net sales, flat year-over-year. - The company anticipates strong growth in Safety & Defense Solutions for Q2 based on order patterns. - There is ongoing capacity expansion to support long-term market demand for the Spectra line of solutions. - Nuclear business is experiencing strong customer engagement with discussions underway on expansion to meet growing demand. - The expansion study with engineering firms is progressing to significantly expand nuclear production capabilities for the 2030s. - Customer and regulator discussions (including U.S. Department of Energy and NRC) on nuclear expansion are positive and ongoing. - Electronics growth is robust with capacity expansions underway aiming to meet accelerating customer demand globally. - Overall, strong momentum and order flow exist in Refrigerants, Nuclear, Electronic Materials, and Safety & Defense Solutions moving into Q2 and beyond.