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Sep 30, 2024
Solventum Q3 2024 Earnings Report
Reported sales increased and full-year guidance was raised.
Key Takeaways
Solventum reported a 0.4% increase in sales to $2.082 billion for Q3 2024, with organic sales increasing by 0.3%. GAAP EPS was $0.70, and adjusted EPS was $1.64. The company generated $169 million in cash from operations and $76 million in free cash flow. Solventum raised its full-year 2024 organic sales growth, adjusted EPS, and free cash flow guidance.
Sales increased 0.4% to $2.082 billion; organic sales increased 0.3%.
GAAP Earnings Per Share (EPS) of $0.70; adjusted EPS of $1.64.
Generated $169 million in cash from operations; free cash flow of $76 million.
Full-year 2024 organic sales growth, adjusted EPS and free cash flow guidance were raised.
Revenue by Segment
Forward Guidance
Solventum is raising its full-year 2024 guidance.
Positive Outlook
- Organic sales growth to the upper half of 0% to +1.0% (previously 0% to +1%)
- Adjusted EPS of $6.50 to $6.65 (previously $6.30 to $6.50)
- Free cash flow of $750M to $850M (previously $700M to $800M)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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