Solventum (SOLV) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the prior quarter and was slightly above the same quarter last year. The company reported higher total net sales, driven by growth in both product and software and rental revenues.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the prior quarter and was slightly above the same quarter last year. The company reported higher total net sales, driven by growth in both product and software and rental revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+3.2%
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 |
|---|---|---|
| Sep 30, 2023 | $2.1B | n/a |
| Dec 31, 2023 | $2B | n/a |
| Mar 31, 2024 | $2B | +0.2% |
| Jun 30, 2024 | $2.1B | +0.2% |
Revenue performance
Total net sales rose from the immediately preceding quarter, with net sales of product and net sales of software and rentals both contributing to the improvement.
Quarterly comparison
Compared to the same quarter one year earlier, total net sales were modestly higher, reflecting a slight increase in both product and software and rental revenue streams.
What to watch
Operating income declined significantly from the prior year quarter, primarily due to higher selling, general and administrative expenses.