Solventum Corp
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
SOLV$90.08-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated and Combined Statements of Income
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| (Millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales of product | $1,605 | $1,607 | $3,158 | $3,157 |
| Net sales of software and rentals | 476 | 469 | 939 | 930 |
| Total net sales | 2,081 | 2,076 | 4,097 | 4,087 |
| Cost of product | 823 | 762 | 1,548 | 1,514 |
| Cost of software and rentals | 121 | 125 | 240 | 247 |
| Gross profit | 1,137 | 1,189 | 2,309 | 2,326 |
| Selling, general and administrative expenses | 701 | 579 | 1,297 | 1,156 |
| Research and development expenses | 192 | 193 | 387 | 388 |
| Total operating expenses | 1,837 | 1,659 | 3,472 | 3,305 |
| Operating income | 244 | 417 | 625 | 782 |
| Interest expense, net | 114 | — | 153 | — |
| Other expense (income), net | 34 | 4 | 47 | 6 |
| Income before income taxes | 96 | 413 | 425 | 776 |
| Provision for income taxes | 7 | 92 | 99 | 162 |
| Net income | $89 | $321 | $326 | $614 |
| Earnings per share: | ||||
| Basic earnings per share | $0.51 | $1.86 | $1.89 | $3.56 |
| Diluted earnings per share | 0.51 | 1.86 | 1.88 | 3.56 |
| Weighted-average number of shares outstanding: | ||||
| Basic | 173.2 | 172.7 | 172.9 | 172.7 |
| Diluted | 173.5 | 172.7 | 173.1 | 172.7 |
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