Healthcare
Health Information Services
$11.83B
20K
Key insights and themes extracted from this filing
The 10-K reports total net sales of $8,254 million for 2024 compared to $8,197 million in 2023, representing a modest increase. This growth was driven by organic sales growth, partially offset by currency impacts.
Operating income decreased from $1,692 million in 2023 to $1,036 million in 2024. This decrease was primarily due to increased selling, general, and administrative expenses associated with becoming a standalone company after the spin-off from 3M.
Net income decreased from $1,346 million in 2023 to $479 million in 2024. This decrease is consistent with the decrease in operating income and increase in interest expense.