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  6. Solventum Corporation (SOLV) Quote

Solventum Corporation

Solventum Corporation (SOLV)

SolVBL Solutions Inc
Solvac SA
65.06
1.92
( 3.04% )
Updated: 15:57:04
Delayed by 15 minutes

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Key stats and details

Current Price
65.06
Bid
-
Ask
-
Volume
1,399,235
63.40 Day's Range 65.4012
60.72 52 Week Range 72.40
Market Cap
11.134B
Previous Close
63.14
Open
63.61
Last Trade
100
@
65.06
Last Trade Time
15:57:04
Financial Volume
$ 90,266,680
VWAP
64.5115
Average Volume (3m)
2,923,402
Shares Outstanding
172,466,000
Dividend Yield
-
PE Ratio
16.09
Earnings Per Share (EPS)
4.01
Revenue
8.24B
Net Profit
692M

About Solventum Corporation

Solventum originates from two words: 'solving' and 'momentum.'Solving' captures the company's dedication to finding breakthrough solutions. The organization will listen closely to health care professionals and never stop solving for them -and the many lives they enhance globally. 'Momentum' symboliz... Solventum originates from two words: 'solving' and 'momentum.'Solving' captures the company's dedication to finding breakthrough solutions. The organization will listen closely to health care professionals and never stop solving for them -and the many lives they enhance globally. 'Momentum' symbolizes swifter, nimbler innovation. As the independent health care company builds on every achievement, large and small, its momentum propels it past barriers, towards breakthroughs. The new name represents how the independent health care company will focus on solving big health care challenges and emphasizes the tremendous impact it can make on the world. Show more

Sector
Surgical,med Instr,apparatus
Industry
Surgical,med Instr,apparatus
Website
www.solventum.com
Headquarters
Maple Plain, Minnesota, USA
Founded
1970
Solventum Corporation is listed in the Surgical,med Instr,apparatus sector of the New York Stock Exchange with ticker SOLV. The last closing price for Solventum was $63.14. Over the last year, Solventum shares have traded in a share price range of $ 60.72 to $ 72.40.

Solventum currently has 172,466,000 shares outstanding. The market capitalization of Solventum is $11.13 billion. Solventum has a price to earnings ratio (PE ratio) of 16.09.

SOLV Latest News

More News

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

May 10 2024
Edgar (US Regulatory)

Form 8-K - Current report

May 09 2024
Edgar (US Regulatory)

Solventum Reports First Quarter 2024 Financial Results and Capital Allocation Update

Solventum Reports First Quarter 2024 Financial Results and Capital Allocation Update PR Newswire ST. PAUL, Minn., May 9, 2024 Completed spin-off from 3M and began trading on April 1, 2024Reported...

May 09 2024
PR Newswire (US)

Solventum Announces First Quarter 2024 Earnings Release Date and Upcoming Investor Events

Solventum Announces First Quarter 2024 Earnings Release Date and Upcoming Investor Events PR Newswire ST. PAUL, Minn., April 23, 2024 ST. PAUL, Minn., April 23, 2024 /PRNewswire/ -- Solventum...

April 23 2024
PR Newswire (US)

Solventum Names Shirley Edwards to Board of Directors

Solventum Names Shirley Edwards to Board of Directors PR Newswire ST. PAUL, Minn., April 15, 2024 ST. PAUL, Minn., April 15, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) announced today that its...

April 15 2024
PR Newswire (US)
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.360.55641421947464.767.563.03214051264.83691582CS
43.064.935483870976267.560.72183713964.03833777CS
12-4.09-5.9146782357269.1572.460.72292340265.65545964CS
26-4.09-5.9146782357269.1572.460.72292340265.65545964CS
52-4.09-5.9146782357269.1572.460.72292340265.65545964CS
156-4.09-5.9146782357269.1572.460.72292340265.65545964CS
260-4.09-5.9146782357269.1572.460.72292340265.65545964CS

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SOLV Discussion

View Posts
DewDiligence DewDiligence 5 days ago
SOLV reports pro forma 1Q24 results—reiterates 2024 guidance:

https://finance.yahoo.com/news/solventum-reports-first-quarter-2024-105000516.html

SOLV was spun out of 3M on 4/1/24, so the 1Q24 financial results are pro forma based on what SOLV would have reported if it had it been an independent company.

SOLV re-iterated 2024 guidance given on 3/19/24—see #msg-174067513. (2024 guidance includes the pro forma financials for 1Q24 and actual SOLV results for the remainder of the year.)

The only consequential update is that SOLV is not initiating a dividend, so that free cash flow can be directed toward paying down debt. This decision is not surprising in light of the large debt load SOLV took on as part of the spinoff from 3M.

p.s. No 1Q24 CC due to the Investor Day webcast just a few weeks ago.
👍️0
Porgie Tirebiter Porgie Tirebiter 1 month ago
All of a sudden, I own shares of SOLV! I guess I should have been paying more attention to 3M.

I've had 3M for years and years, just collecting the dividend and probably not paying enough attention to it!
👍️0
DewDiligence DewDiligence 1 month ago
SOLV begins trading on NYSE following completion of spinoff from 3M:

https://finance.yahoo.com/news/solventum-begins-trading-york-stock-103000676.html
👍️ 1
DewDiligence DewDiligence 2 months ago
SOLV Investor Day CC slides:

https://d1io3yog0oux5.cloudfront.net/_7984eceea22d0dd69e55aae6e648ee7c/3m/db/3194/30840/presentation/Solventum+Investor+Day+3.19.2024.pdf
👍️ 1
DewDiligence DewDiligence 2 months ago
SOLV issues 2024 guidance:

https://finance.yahoo.com/news/solventum-hosts-inaugural-investor-day-103000871.html

• Organic revenue growth of -2% to 0%

• Adjusted earnings per share (EPS) of $6.10 to $6.40

• Free cash flow of $700M to $800M
👍️ 1
DewDiligence DewDiligence 2 months ago
Details of 3M’s SOLV spinoff finalized:

https://finance.yahoo.com/news/3m-board-directors-approves-spin-165500127.html

3M shareholders of record on 3/18/24 will receive 1 share of SOLV for every 4 shares of 3M. The SOLV shares will be distributed before the market open on 4/1/24.

This is a tax-exempt distribution for US residents.
👍️0
DewDiligence DewDiligence 3 months ago
SOLV sells $6.9B of debt in six tranches:

• $1B of 3yr notes @5.45%

• $1.5B of 5yr notes @5.40%

• $1B of 7yr notes @5.45%

• $1.65B of 10yr notes @5.60%

• $1.25B of 30yr notes @5.90%

• $0.5B of 40yr notes @6.00%

The total debt issuance was supposed to $8.4B (according to 3M's recent webcast), but I don't know where the other $1.5B is coming from.

All but $600M of the proceeds will be paid to 3M as consideration for the spin-off of 3M’s healthcare business to SOLV.
👍️ 1
DewDiligence DewDiligence 3 months ago
SOLV is holding an Investor Day webcast 3/19/24 at 9am ET.
👍️0
DewDiligence DewDiligence 3 months ago
These are the five focal areas for 3M’s healthcare business that will become part of Solventum; they comprise about 25% of 3M’s current company-wide sales:

https://engage.3m.com/purification

https://www.3m.com/3M/en_US/health-information-systems-us/

https://www.3m.com/3M/en_US/medical-us/ (surgical supplies and wound care)

https://www.3m.com/3M/en_US/medical-device-components-us/ (components for other companies’ medical devices)

https://www.3m.com/3M/en_US/oral-care-us/ (dentistry and othodontics)
👍️0
DewDiligence DewDiligence 3 months ago
Further details of 3M/SOLV capitalization:

SOLV will sell $8.4B of new debt, keeping $600M of the proceeds and paying $7.7B as a one-time (tax-free) dividend to 3M. (~$100M of the debt proceeds will go to underwriting fees.)

After the debt issuance and one-time payment to 3M, SOLV will have a debt/EBITDA ratio of ~3.5.
👍️0
DewDiligence DewDiligence 3 months ago
3M sets 4/1/24 date for Solventum spin-off:

https://d1io3yog0oux5.cloudfront.net/_28c5051c41e86ce7771a2dfe11a5ee94/3m/news/2024-02-21_3M_Announces_Filing_of_Form_10_Registration_1826.pdf
👍️0

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