Solventum Reports First Quarter 2024 Financial Results and Capital Allocation Update
Solventum now expects an unfavorable impact from foreign exchange of ~50bps on reported sales for the full year 2024.
- Solventum now expects an unfavorable impact from foreign exchange of ~50bps on reported sales for the full year 2024.
- 3M supply agreement mark-up started on April 1, 2024, and Solventum anticipates impact to the income statement to begin largely in the second half of 2024.
- Solventum's full-year 2024 guidance is based on Q1 2024 3M carve-out financial information and expected results for the remainder of the year as a stand-alone company, starting April 1, 2024.
- The Q1 2024 financial statements and financial information, including reconciliations of non-GAAP financial measures and certain prior period reconciliations, are available on Solventum's website: https://investors.solventum.com .