Sees FY adj EPS 6.80-7.30 usd with Solventum discontinued (Il Sole 24 Ore Radiocor) - New York, 30 Apr - On April 1, 3M completed the planned spin-off of its health care business, which formally launched Solventum Corporation as an independent company. 3M retained 19.9% of Solventum's common stock, which will be monetized within five years.

Considering Solventum as discontinued operations, 3M expects full-year adjusted organic sales growth of 0-2% and adjusted EPS of 6.80-7.30 dollars.

Following the spin of Solventum, 3M's dividend payout ratio is expected to be approximately 40% of adjusted free cash flow, it added.

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(RADIOCOR) 30-04-24 13:11:34 (0439) 5 NNNN