Oct 21, 4:18 PM ET
Element Solutions reported record third-quarter 2026 results, with net sales of $995 million, up 52% on a reported basis and 13% organically, and net income of $66 million, up from $39 million a year earlier. The company raised its full-year 2026 adjusted EBITDA guidance to approximately $720 million and said it expects adjusted EPS growth above 20% for the year. Shareholders also learned that the proposed Solstice merger, signed July 6, 2026, was terminated on August 27, 2026.
- Q3 2026 net sales were $995 million, up 52% reported and 13% organic; Electronics sales rose 68% to $780 million.
- GAAP diluted EPS was $0.27 versus $0.16; adjusted EPS was $0.50 versus $0.41.
- Adjusted EBITDA was $191 million versus $147 million, with the margin at 28.2%.
- 2026 adjusted EBITDA guidance was raised to approximately $720 million; the Solstice merger agreement was terminated August 27, 2026.
Read the filing on SEC.gov ↗
Aug 27, 9:20 PM ET
Element Solutions and Solstice Advanced Materials agreed on August 27, 2026 to terminate the merger agreement they signed on July 6, 2026. Under the termination agreement, neither company owes the other a payment, and the parties mutually release each other from related liability claims, subject to customary exceptions. The company said both boards concluded the two companies would serve shareholders better as standalone companies.
- Merger agreement with Solstice Advanced Materials Inc. dated July 6, 2026, now terminated
- Termination Agreement signed August 27, 2026 by Element Solutions, Solstice and the two Merger Subs
- Neither party will make termination payments to the other; mutual release of liability claims, subject to customary exceptions
- CEO Benjamin Gliklich said the company's momentum continues in line with its guidance
Read the filing on SEC.gov ↗
Jul 27, 4:18 PM ET
Element Solutions reported second-quarter 2026 net sales of $978 million, up 56% on a reported basis and 15% organically, with GAAP net income of $77 million, or $0.32 per diluted share, versus $48 million, or $0.20, a year earlier. The company raised its full-year 2026 adjusted EBITDA guidance to $690 million to $710 million, but the results come alongside a July 6, 2026 merger agreement under which Solstice would acquire the company for 0.5 Solstice shares and $10.00 in cash per share.
- Q2 2026 adjusted EBITDA was $184 million, up 35% on a reported basis, with adjusted EBITDA margin of 27.8% versus 26.6% a year earlier.
- Full-year 2026 adjusted EBITDA guidance is $690 million to $710 million, and third-quarter adjusted EBITDA is expected to be about $180 million.
- Under the July 6, 2026 merger agreement, each share would be exchanged for 0.5 shares of Solstice common stock and $10.00 in cash; closing is expected in the first half of 2027.
Read the filing on SEC.gov ↗
Jul 6, 5:18 PM ET
Element Solutions and Solstice Advanced Materials signed a merger agreement on July 6, 2026, under which Element Solutions becomes a wholly-owned subsidiary of Solstice. Element Solutions shareholders would receive 0.500 Solstice shares plus $10.00 in cash for each share they hold, so the value they receive depends partly on Solstice's share price. The deal requires approval from both companies' stockholders and an effective registration statement before closing.
- Each Element Solutions common share converts into 0.500 Solstice shares plus $10.00 in cash, without interest.
- Closing requires adoption of the merger agreement by Element Solutions stockholders and approval of the Solstice stock issuance by Solstice stockholders.
- Solstice agreed that its board will have eleven directors after the merger, including three Element Solutions designees.
- Element Solutions and Solstice will file a Form S-4 registration statement with the SEC, including a joint proxy statement.
Read the filing on SEC.gov ↗
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