NYSE$SOLV
Solventum Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported sales increased and full-year guidance was raised.
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.
Headline financials
Revenue & EPS history
Solventum · Revenue · Quarterly
$2.08B
Revenue by segment
Solventum · $1.83B total across 3 segments · Q3 2023
- MedSurg$1.18B—64.4%
- Dental Solutions$331M—18.1%
- Health Information Systems$321M—17.5%
Forward guidance
Solventum is raising its full-year 2024 guidance.
Tailwinds
- 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)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q3 2024
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
42%
5 / 12 earnings
Positive
+8.4%
Q2 2024
Best reaction
-4.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.4% | +8.7% | +21.2% | |
| Q4 2025 | -3.7% | -8.5% | -18.4% | |
| Q3 2025 | +7.7% | +11.4% | +28.9% | |
| Q2 2025 | +1.7% | +3.4% | +1.1% | |
| Q1 2025 | +5.5% | +6.8% | +12.3% | |
| Q4 2024 | -4.4% | -6.7% | -10.4% | |
| Q3 2023 | -4.7% | -6.7% | -6.8% | |
| Q3 2024 | -2.3% | -4.6% | -5.6% | |
| Q2 2023 | -1.6% | -1.5% | +12.9% | |
| Q2 2024 | +8.4% | +4.2% | +18.4% | |
| Q1 2023 | -2.6% | -3.7% | -13.0% | |
| Q1 2024 | -4.0% | -2.0% | -15.1% | |
| Q4 2023 | — | — | — | |
| Q4 2022 | — | — | — | |
| Q3 2022 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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