Solventum reports Q1 sales $2.02B, adjusted EPS $2.08; reaffirms 2024 guidance

Solventum Corp

2024-Q1 EPS reported $1.37 revenue$2,016,000,000

Sales $2.016B (+0.2% reported, +0.9% organic); GAAP EPS $1.37, adjusted EPS $2.08.
Operating income $381M GAAP (18.9% margin); adjusted operating income $484M (24.0% margin).
Cash from operations $442M; free cash flow $340M.
Reaffirmed full-year 2024 guidance; spin-off from 3M completed April 1, 2024.
Adjusted results exclude public company and stand-up costs; Q2 onwards reported on stand-alone basis.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Solventum Corp reported the first quarter ended March 31, 2024 results: revenue $2.016 billion, EPS $1.37. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $2.016 billion
EPS: $1.37
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Reports First Quarter 2024 Financial Results and Capital Allocation Update • Completed spin-off from 3M and began trading on April 1, 2024 • Reported sales increased 0.2% to $2.016 billion, organic sales increased 0.9% • GAAP Earnings Per Share (EPS) of $1.37; adjusted EPS 1 of $2.08 • Generated $442 million of cash from operations; free cash flow 1 of $340 million

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Source: SEC EDGAR

accession 0001964738-24-000012

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