earnings
confidence high
sentiment positive
materiality 0.75
Solventum Q3 sales flat at $2.082B; adjusted EPS $1.64, raises FY guidance
Solventum Corp
2024-Q3 EPS reported
$2.58
revenue$6,179,000,000
- GAAP EPS $0.70, adjusted EPS $1.64; operating income $275M GAAP, $475M adjusted.
- Reported sales +0.4% YoY; organic sales +0.3%; MedSurg and HIS led growth.
- Free cash flow $76M; cash from operations $169M.
- Full-year organic sales growth, adjusted EPS, and free cash flow guidance raised.
- CEO cites consecutive outperformance; supply agreement mark-up impacted margins.