Written by
Mark Lazell
It’s been five months since Solventum departed the 3M mothership to become an independent company. Cut loose from the apron strings that had tied it to the large industrial conglomerate that is 3M, Solventum’s latest set of financial results make for some sobering reading.
Notably, profit tumbled from $321M in Q2 2023 to $89M in Q2 2024. The company, whose activities span health IT as well as dental products, wound care and surgical solutions and purification and filtration products, blamed an 11% hike in operating costs …
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