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Solventum Corporation

Solventum Corporation (SOLV)

62.20
-1.83
(-2.86%)
Closed April 21 4:00PM
62.00
-0.20
(-0.32%)
After Hours: 7:29PM

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Key stats and details

Current Price
62.00
Bid
-
Ask
-
Volume
1,470,798
61.9875 Day's Range 64.06
61.38 52 Week Range 72.40
Market Cap
Previous Close
64.03
Open
63.58
Last Trade
10
@
62.19
Last Trade Time
Financial Volume
$ 92,632,351
VWAP
62.981
Average Volume (3m)
4,242,067
Shares Outstanding
172,466,000
Dividend Yield
-
PE Ratio
15.50
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
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 $64.03. Over the last year, Solventum shares have traded in a share price range of $ 61.38 to $ 72.40.

Solventum currently has 172,466,000 shares outstanding. The market capitalization of Solventum is $10.73 billion. Solventum has a price to earnings ratio (PE ratio) of 15.50.

SOLV Latest News

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...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.48-0.76824583866862.4864.1161.38186913062.46833858CS
4-7.15-10.339840925569.1572.461.38424206766.37870187CS
12-7.15-10.339840925569.1572.461.38424206766.37870187CS
26-7.15-10.339840925569.1572.461.38424206766.37870187CS
52-7.15-10.339840925569.1572.461.38424206766.37870187CS
156-7.15-10.339840925569.1572.461.38424206766.37870187CS
260-7.15-10.339840925569.1572.461.38424206766.37870187CS

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SOLV Discussion

View Posts
Porgie Tirebiter Porgie Tirebiter 3 weeks 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 3 weeks 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 1 month 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 1 month 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 1 month 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 2 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 2 months ago
SOLV is holding an Investor Day webcast 3/19/24 at 9am ET.
👍️0
DewDiligence DewDiligence 2 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 2 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 2 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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