Solventum (SOLV) Revenue — Quarter Ended Mar 31, 2024
Revenue was essentially flat compared to both the prior quarter and the same quarter a year ago. The company reported total net sales that were nearly unchanged across both comparisons.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue was essentially flat compared to both the prior quarter and the same quarter a year ago. The company reported total net sales that were nearly unchanged across both comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $2.1B | n/a |
| Sep 30, 2023 | $2.1B | n/a |
| Dec 31, 2023 | $2B | n/a |
| Mar 31, 2024 | $2B | +0.2% |
Revenue performance
For the quarter, revenue remained stable, reflecting a marginal year-over-year increase and a slight sequential decrease.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged lower, while compared to the same quarter one year earlier, it saw a modest uptick.
What to watch
Revenue has been hovering near the two-billion level for the past four quarters, with no clear directional trend.