SOLVENTUM CORP

SOLV

Equity

ISIN US83444M1018 / Valor 133635906

New York Stock Exchange, Inc (2024-09-18)

USD 72.13-0.28%

SOLVENTUM CORP
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About company

SOLVENTUM Corp specializes in providing chemical solvent recycling and waste management solutions for various industries.

Summarized from source with an LLMView SourceSector: Healthcare

Q1 2024 Revenue

SOLVENTUM CORP reported a slight increase in revenue for the first quarter of 2024, with total sales reaching $2.016 billion, marking a 0.2% increase from the previous year. Organic sales growth was stronger, at 0.9%, benefiting from strategic pricing actions taken in 2023.

Q1 2024 Earnings

For the first quarter of 2024, SOLVENTUM CORP announced GAAP Earnings Per Share (EPS) of $1.37. Adjusted EPS, which excludes certain one-time costs and benefits, was higher at $2.08, reflecting operational efficiencies and effective cost management.

Q1 2024 Cash Flow

SOLVENTUM CORP generated robust cash flows in Q1 2024, with $442 million generated from operations. The company also reported a healthy free cash flow of $340 million, demonstrating strong liquidity and financial health.

Q1 2024 Profitability

The company's operating income for Q1 2024 stood at $381 million with a margin of 18.9%. Adjusted operating income was higher at $484 million, resulting in an improved margin of 24.0%, driven by higher gross profit and controlled operating expenses.

2024 Financial Outlook

SOLVENTUM CORP reaffirmed its full-year guidance for 2024, projecting organic sales growth between -2% to 0% and adjusted EPS in the range of $6.10 to $6.40. The company expects free cash flow to be between $700 million and $800 million, indicating confidence in its financial strategies and market conditions.

Summarized from source with an LLMView Source

Key figures

%1Y

%3Y

%5Y

Performance

38.8%1Y

38.8%3Y

38.8%5Y

Volatility