Honeywell (NASDAQ: HON)  announced the completion of the previously announced spin-off of its Advanced Materials business, which will now operate independently as Solstice Advanced Materials.

Shares of Solstice common stock will begin trading “regular way” on the Nasdaq Stock Market under the ticker symbol “SOLS”, effective at the market opening today. Honeywell will continue to trade on Nasdaq under its existing ticker symbol “HON.”

A Milestone in Honeywell’s Transformation

“The completion of this spin-off marks a major advancement in Honeywell’s transformation to become three independent, industry-leading companies with distinct strategies and growth drivers,” said Vimal Kapur, Chairman and Chief Executive Officer of Honeywell.
“It reflects disciplined execution and reinforces our belief that a more focused portfolio will position Honeywell to deliver greater long-term value for shareowners and seize new opportunities to address modern challenges for our customers.”

This strategic separation enables both Honeywell and Solstice Advanced Materials to pursue tailored growth strategies and operational excellence in their respective markets. Honeywell will continue to focus on its three core business segments — Aerospace Technologies, Industrial Automation, and Building and Energy Solutions — while Solstice Advanced Materials will concentrate on advancing next-generation materials and sustainable chemistry innovations.

Details of the Distribution

The spin-off was completed through the distribution, effective as of 12:01 a.m. Eastern Time today, of all issued and outstanding shares of Solstice common stock to Honeywell shareowners of record as of the close of business on October 17, 2025, the record date for the distribution.

Each Honeywell shareowner received one share of Solstice common stock for every four shares of Honeywell common stock held. Shareowners will also receive cash in lieu of any fractional shares to which they would otherwise be entitled.

Positioned for Independent Growth

Following the spin-off, Solstice Advanced Materials will operate as a standalone public company, leveraging decades of Honeywell’s materials science expertise to deliver advanced, sustainable solutions for sectors including semiconductors, energy storage, and specialty chemicals.

Honeywell’s completion of the separation reflects its continued commitment to portfolio simplification, shareholder value creation, and strategic focus on high-growth markets aligned with global sustainability and digital transformation trends.