Solventum Reports Third Quarter 2024 Financial Results and Raises Full-Year Guidance
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Solventum reported a slight increase in third-quarter sales and raised its full-year guidance for 2024. The company saw a 0.4% increase in sales to $2.082 billion and a 0.3% rise in organic sales. GAAP EPS was $0.70, with an adjusted EPS of $1.64. Solventum generated $169 million in cash from operations and $76 million in free cash flow. The company has raised its full-year guidance for organic sales growth, adjusted EPS, and free cash flow.
November 07, 2024 | 9:15 pm
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Solventum's Q3 2024 results show a slight increase in sales and a raise in full-year guidance, indicating potential positive momentum for the stock.
The increase in sales and raised guidance suggest improved financial performance and future prospects, likely leading to a positive short-term impact on Solventum's stock price.
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