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  6. Solventum Corporation (SOLV) Quote

Solventum Corporation

Solventum Corporation (SOLV)

SolVBL Solutions Inc
Solvac SA
57.63
0.08
(0.14%)
Closed July 26 4:00PM
Delayed by 15 minutes
57.63
0.00
(0.00%)
After Hours: 6:43PM
Delayed by 15 minutes

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Key stats and details

Current Price
57.63
Bid
-
Ask
-
Volume
1,122,370
57.3775 Day's Range 59.00
47.16 52 Week Range 72.40
Market Cap
9.953B
Previous Close
57.55
Open
58.06
Last Trade
5
@
57.38
Last Trade Time
Financial Volume
$ 65,311,320
VWAP
58.1905
Average Volume (3m)
1,900,127
Shares Outstanding
172,709,505
Dividend Yield
-
PE Ratio
14.38
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
Wilmington, Delaware, 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 $57.55. Over the last year, Solventum shares have traded in a share price range of $ 47.16 to $ 72.40.

Solventum currently has 172,709,505 shares outstanding. The market capitalization of Solventum is $9.94 billion. Solventum has a price to earnings ratio (PE ratio) of 14.38.

SOLV Latest News

More News

Johnson Controls Division Sold for $8 Billion; Alphabet’s Offer Rejected by Wiz; AMD President Announces Retirement

Johnson Controls (NYSE:JCI), Robert Bosch GmbH (TG:R1WE) – Robert Bosch GmbH plans to buy Johnson Controls’ heating and ventilation division for $8 billion, expanding its operations...

July 23 2024
IH Market News

Solventum to Report Second Quarter 2024 Financial Results and Host Conference Call on August 8, 2024

Solventum to Report Second Quarter 2024 Financial Results and Host Conference Call on August 8, 2024 PR Newswire ST. PAUL, Minn., July 16, 2024 ST. PAUL, Minn., July 16, 2024 /PRNewswire/...

July 16 2024
PR Newswire (US)

U.S. News & World Report Expands Use of Solventum's Ambulatory Potentially Preventable Complications Grouping Software for Use in Its 2024-2025 Best Hospitals Rankings

U.S. News & World Report Expands Use of Solventum's Ambulatory Potentially Preventable Complications Grouping Software for Use in Its 2024-2025 Best Hospitals Rankings PR Newswire ST. PAUL...

July 02 2024
PR Newswire (US)

Solventum introduces denials prevention solution, an AI-powered tool, empowering health systems to help reduce write-offs and improve top line revenue

Solventum introduces denials prevention solution, an AI-powered tool, empowering health systems to help reduce write-offs and improve top line revenue PR Newswire ST. PAUL, Minn., June 24, 2024...

June 24 2024
PR Newswire (US)

Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer"

Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer" PR Newswire ST. PAUL, Minn., June 7, 2024 ST. PAUL, Minn., June 7, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV...

June 07 2024
PR Newswire (US)

Form 8-K - Current report

May 17 2024
Edgar (US Regulatory)

Form 4 - Statement of changes in beneficial ownership of securities

May 15 2024
Edgar (US Regulatory)

Form 4 - Statement of changes in beneficial ownership of securities

May 15 2024
Edgar (US Regulatory)
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
12.634.781818181825559.9753.0329204469356.12809901CS
44.638.73584905665359.9747.16166948652.63065064CS
12-7.8-11.921137093165.4367.547.16190012756.71072528CS
26-11.52-16.659436008769.1572.447.16229255960.52947736CS
52-11.52-16.659436008769.1572.447.16229255960.52947736CS
156-11.52-16.659436008769.1572.447.16229255960.52947736CS
260-11.52-16.659436008769.1572.447.16229255960.52947736CS

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SOLV Discussion

View Posts
DewDiligence DewDiligence 4 days ago
Activist_investor_builds_stake_in SOLV—(3M’s healthcare spinoff):

https://finance.yahoo.com/news/peltz-trian-building-stake-3m-230900848.html
👍️0
DewDiligence DewDiligence 4 weeks ago
SOLV 1Q24 Results by Business Segment
%Corp YoY Growth
Segment Sales (const currency)
Medical/surgical* 56% flat
Dental 17% flat
Health-info systems 16% flat
Purification/filtration 12% +7% *Includes components for other companies’ medical devices.
👍️0
DewDiligence DewDiligence 4 weeks ago
SOLV’s “AI play”—>heath-information systems segment:

https://finance.yahoo.com/news/solventum-introduces-denials-prevention-solution-130000721.html

Heath-information systems comprised 16% of SOLV’s overall (pro forma) sales in 1Q24 (#msg-174387294), but SOLV expects this figure to steadily increase due to the application of AI.
👍️0
KingOfSwing...Trading KingOfSwing...Trading 2 months ago
Thank for the excellent post. Very useful.
👍️0
DewDiligence DewDiligence 3 months 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 4 months 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 4 months 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 4 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 4 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 5 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 5 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 5 months ago
SOLV is holding an Investor Day webcast 3/19/24 at 9am ET.
👍️0
DewDiligence DewDiligence 5 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 5 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 5 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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