Solstice Advanced Materials
35 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.
Customers
Semiconductor industry
earns fromnamed as a riskWhile seasonality has limited impact on our operations, prolonged periods of reduced investment or demand—such as downturns in semiconductor fabrication spending or construction activity—could adversely affect our performance.Business (Item 1)
U.S. government
earns fromWe maintain a strong relationship with the U.S. government as an end user, as it establishes quality standards for armor technology products.Business (Item 1)
Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more
Global defense spending
earns fromGiven that Spectra fibers are primarily used in military and law enforcement applications, this business’s growth is closely tied to global defense spending, which we expect to continue to increase.Business (Item 1)
Partners and platforms
ConverDyn
earns from · approximately $2.2 billion in backlog ordersThe joint venture experiences strong long-term customer demand, with approximately $2.2 billion in backlog orders as of December 31, 2025, and the Company currently expects supply and demand in this area to be balanced in the long term.Business (Item 1)
General Atomics
depends onTogether with our joint venture partner General Atomics, we are the only provider of these services in the U.S.Business (Item 1)
Other companies
Honeywell International Inc.
depends onnamed as a riskIf Honeywell is unable to satisfy its obligations under these agreements, including its indemnification obligations, our Company could incur operational difficulties or losses.Risk factors (Item 1A)
Nuclear energy public perception
named as a riskSuccessful execution of our Nuclear (AES) business is dependent upon public support for nuclear power, in general, in the U.S. and other countries.Risk factors (Item 1A)
Competitors
Daikin
competes withOur main competitors for the RAS segment include Arkema, Chemours, Daikin, Orbia and not-in-kind alternatives.Business (Item 1)
Also named by FIX
Arkema
competes withOur main competitors for the RAS segment include Arkema, Chemours, Daikin, Orbia and not-in-kind alternatives.Business (Item 1)
Chemours
competes withOur main competitors for the RAS segment include Arkema, Chemours, Daikin, Orbia and not-in-kind alternatives.Business (Item 1)
Orbia
competes withOur main competitors for the RAS segment include Arkema, Chemours, Daikin, Orbia and not-in-kind alternatives.Business (Item 1)
Places
Non-U.S. operations
operates in · approximately 43% of our net salesnamed as a riskOur international operations represented approximately 43% of our net sales based on country of origin (or 57% of our net sales including U.S. exports) for the year ended December 31, 2025.Risk factors (Item 1A)
China
named as a riskIf third parties expand their manufacturing capacity for refrigerants in China (including in respect of HFOs), third-party infringement of our intellectual property rights may increase.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
China
earns fromWhile regulated jurisdictions such as the U.S., EU, Japan and South Korea have nearly fully transitioned to LGWP refrigerants, we expect that China will drive significant adoption of R-1234yf going forward.Business (Item 1)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Buffalo, New York
concentrated inThe majority of our R&D capabilities in the RAS segment are centralized in Buffalo, New York.Business (Item 1)
Also named by MTRN
Hazards
Russia-Ukraine war
named as a riskThe evolving conflict may worsen existing conditions or cause new impacts, such as escalation in other European regions where we operate, increased U.S.-Russia tensions, and other unforeseen effects.Risk factors (Item 1A)
Also named by ADSK, ATR, AVAV, CSCO, CTVA, EMR, FIS, FLO and 21 more
Hurricanes and floods
named as a riskOur facilities, supply chains, distribution systems, and IT systems are subject to catastrophic loss due to natural disasters or other weather-related disruptions, including hurricanes and floods, which may be exacerbated by the effects of climate change, power outages, fires, explosions, terrorism, equipment failures, sabotage, cyber incidents, any potential effects of climate change and adverse weather conditions, including water scarcity and rising sea levels, labor disputes, critical supply failure, inaccurate downtime forecast, political disruption and regional conflicts, public health crises, like a regional or global pandemic, and other reasons, which can result in undesirable consequences, including financial losses and damaged relationships with customers.Risk factors (Item 1A)
Commodities and inputs
U.S. dollar
exposed to its price · $30 millionnamed as a riskAssuming a hypothetical 10% strengthening of the U.S. dollar versus local currencies, our pre-tax earnings would decrease by $30 million.Market risk (Item 7A)
Also named by A, AAPL, AEHR, CROX, CSCO, FWONA, IDXX, KEYS and 4 more
Copper
exposed to its pricenamed as a riskOur primary raw materials include chlor-alkali based materials, ethylene, polyethylene, wet Spar and copper.Business (Item 1)
Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more
Ethylene
exposed to its pricenamed as a riskOur primary raw materials include chlor-alkali based materials, ethylene, polyethylene, wet Spar and copper.Business (Item 1)
Wet Spar (fluorspar)
depends onnamed as a riskIn addition, the scarcity of certain raw materials, including wet Spar, and/or current or future global economic uncertainty, including inflation and high interest rates, the impact of trade actions (including the imposition of tariffs or other trade actions impacting raw materials we source from global trade counterparties), supply chain and labor disruptions, unemployment rates, banking instability, any U.S. government shutdown, any downgrades in the U.S. government’s sovereign credit rating, public health crises, volatile financial markets, geopolitical instability and regional conflicts, social unrest and potential recession, may affect the financial stability of our key suppliers or their access to financing, which may in turn affect their ability to perform their obligations to us.Risk factors (Item 1A)
Chlor-alkali based materials
exposed to its pricenamed as a riskOur primary raw materials include chlor-alkali based materials, ethylene, polyethylene, wet Spar and copper.Business (Item 1)
Polyethylene
exposed to its pricenamed as a riskOur primary raw materials include chlor-alkali based materials, ethylene, polyethylene, wet Spar and copper.Business (Item 1)
Regulators
U.S. Environmental Protection Agency (EPA)
subject tonamed as a riskMoreover, policy initiatives or regulatory changes deemphasizing goals for reducing GHG emissions, including, for example, executive orders issued by the current U.S. administration with respect to climate change and the EPA's draft rule to rescind its prior determination that GHG emissions pose a danger to public health and welfare, could reduce the demand for products in this area and, in turn, the value of our investments into such products.Risk factors (Item 1A)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
U.S. Nuclear Regulatory Commission (NRC)
subject tonamed as a riskFurthermore, regulators, including the NRC and EPA, have required us to procure letters of credit to backstop certain asset retirement obligations, the most significant of which relate to those that would be applicable if the AES Facility were decommissioned in the future.Risk factors (Item 1A)
Also named by AEE, AEP, BRK/B, BWXT, CAH, CDRE, CEG, CW and 20 more
U.S. Department of Energy
named as a riskWhile we do not believe it to be a probable scenario, if we do not meet certain timing requirements for completing projects partially funded by the Department of Energy, we may be required to pay liquidated damages.Business (Item 1)
Also named by AAON, AMRC, AOS, BWXT, CDE, CDRE, CEG, CLF and 16 more
Laws and programs
American Innovation in Manufacturing Act of 2020
subject to · 85% from historic baseline levels by 2036named as a riskU.S.-based regulations, such as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the RCRA and similar state and global laws for management and remediation of hazardous materials, the Clean Air Act and Clean Water Act and similar state and global laws for the protection of air and water resources, the Toxic Substances Control Act (TSCA) and the American Innovation in Manufacturing Act of 2020, which requires the phase down of certain HFCs by 85% from historic baseline levels by 2036;Risk factors (Item 1A)
U.S. tariffs
subject tonamed as a riskThese tariffs and other trade actions could further increase the cost of, and reduce demand for, our products, which would adversely impact our business.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Resource Conservation and Recovery Act (RCRA)
subject tonamed as a riskFor example, RCRA requires closure and post-closure care activities, such as clean-up and monitoring, for certain hazardous waste management units at end-of-life and the NRC requires certain decommissioning processes when a nuclear facility is closed, including, among other things, reducing residual radioactivity and cleaning up any contamination.Risk factors (Item 1A)
Also named by AN, CDE, CLH, CTAS, ESI, HL, LB, MLM and 7 more
EU REACH
subject tonamed as a riskother potential future regulations related to fluorinated chemistries or other industries in which we operate, or the strengthening of existing regulations applicable to us, such as the REACH Recast, a large-scale revision of the current REACH regulation that will, among other things, expand the in-scope hazardous substances subject to REACH and strengthen enforcement and auditing processes.Risk factors (Item 1A)
EU F-Gas Regulation
subject tonamed as a riskforeign chemical control regulations, such as the EU’s REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), the EU F-Gas Regulation and similar regimes that have now been adopted in several other countries, the Chemical Substances Control Law in Japan, MEP Order No. 12 in China and the Toxic Chemical Substance Control Act in Taiwan for the production and distribution of chemicals in commerce and reporting of potential adverse effects;Risk factors (Item 1A)
Honeywell Intellectual Property Cross-License Agreement
depends onnamed as a riskWe are dependent to a certain extent on Honeywell to prosecute, maintain and enforce certain of the intellectual property licensed to us under the Intellectual Property Cross-License Agreement.Risk factors (Item 1A)
Honeywell Tax Matters Agreement
subject tonamed as a riskIn addition, under the Tax Matters Agreement, we may be required to indemnify Honeywell against certain tax liabilities as a result of the acquisition of our stock or assets, even if we did not participate in or otherwise facilitate the acquisition.Risk factors (Item 1A)
Honeywell Separation Agreement
subject tonamed as a riskIn particular, under the Separation Agreement, we were generally contractually allocated all environmental liabilities associated with the Solstice Advanced Materials business and are required to indemnify Honeywell and its affiliates against any of the liabilities that have been contractually allocated to us.Risk factors (Item 1A)
Executive Order 14302
subject toIn addition, the current U.S. administration has recently ordered, among other actions, the Secretary of Energy to “develop a plan to expand domestic uranium conversion capacity” (Executive Order 14302, §3).Business (Item 1)