Q1 FY25 earnings presentation
May 8, 2025
© Solventum 2025. All rights reserved.
Financial highlights
Q1 financial summary:1
Net sales of $2.1B; +2.6%, organic sales growth +4.3%
Adjusted operating margins 19.7%
Adjusted EPS of $1.34
Updated FY25 guidance:Increasing organic sales growth outlook by 50bps to +1.5% to +2.5%
Excludes additional SKU exit impact of 50bps
Maintaining adjusted EPS range of $5.45 to $5.65
Reflects positive underlying business performance, revised FX outlook, and other mitigations to absorb tariff headwinds in 2H 2025
Maintaining FCF range of $450M to $550M
Note: FY2025 guidance does not include the financial impact of announced P&F sale; will update following close
© Solventum 2025. All rights reserved. 3
1See non-GAAP financial measures and reconciliation schedules in the appendix of this document.
Q1 FY25 Financial summary
Dental Solutions
$328M
(2.1%) Reported
+0.4% Organic
Health Information Systems
$329M
+3.6% Reported
+3.9% Organic
Purification & Filtration
$242M
(0.9%) Reported
+2.2% Organic
Segment salesTotal Solventum1
$2,070M+2.6% Y/Y Reported
+4.3% Y/Y Organic
MedSurg
$1,157M
+3.4% Reported
+6.0% Organic
Key metricsGAAP | non-GAAP2 | |
Operating margin | 7.3% | 19.7% |
EPS | $0.78 | $1.34 |
Cash from operations / Free cash flow2 | $29 | ($80M) |
1Corporate and unallocated includes sales from products supplied to 3M and other supply agreements related to legacy 3M non-health care business that were assumed by the company at spin-off.
2See non-GAAP financial measures and reconciliation schedules in the appendix of this document.
© Solventum 2025. All rights reserved. 4
MedSurg summary
Q1 financial results | Q1 FY25 | Q1 FY24 | Y/Y |
Net sales | $1,157M | $1,119M | Reported +3.4% Organic +6.0% |
Organic growth driven by strong volume including timing benefits primarily in Infection Prevention and Surgical Solutions (IP&SS) for IV site management and hospital consumables
Advanced Wound Care (AWC) performance benefitting from adoption of single-use
negative pressure wound therapy (NPWT)
AWC
$448M | 39%
+1.5% Y/Y Rep
+2.8% Y/Y Org
$1,157M
+3.4% Y/Y Reported
+6.0% Y/Y Organic
IP&SS
$710M | 61%
+4.7% Y/Y Rep
+8.2% Y/Y Org
Tegaderm CHG Chlorhexidine
Gluconate IV Securement Dressings
The only transparent dressing cleared by the FDA to reduce catheter-related bloodstream infections (CRBSI) and vascular catheter colonization
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Solventum Corporation published this content on May 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2025 at 19:20 UTC.