MAPLEWOOD (dpa-AFX) - Solventum said it expects full year 2024 adjusted
earnings per share in a range of $6.10 to $6.40. Revenue is expected between a
decline 2% to flat, on an organic basis. Solventum issued the guidance ahead of
its planned spinoff from 3M (MMM). The company is anticipated to spin off from
3M on April 1, 2024, and has been approved for listing on the New York Stock
Exchange with ticker, SOLV.

'The spin will unlock our agility, enhanced focus and targeted capital
allocation, which better positions us to drive strong value creation over time
while advancing our mission to enable better, smarter, safer healthcare to
improve lives,' CEO Bryan Hanson said.

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