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3M
🇺🇸 NYSE:MMM
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Jun 30, 2021

3M Q2 2021 Earnings Report

3M delivered strong Q2 2021 performance with organic growth across all business groups and geographic areas, along with increased earnings and robust cash flow.

Key Takeaways

3M reported strong second-quarter results with sales growing 24.7% year-on-year to $8.9 billion. Both GAAP and adjusted earnings were $2.59 per share. Second quarter operating income was $2.0 billion. The company updated its guidance for full-year 2021.

Sales grew 24.7 percent year-on-year to $8.9 billion.

Organic local-currency sales increased 21.4 percent.

Both second-quarter GAAP and adjusted earnings were $2.59 per share.

Second quarter operating income was $2.0 billion with operating margins of 22.0 percent.

Total Revenue
$8.95B
Previous year: $7.18B
+24.7%
EPS
$2.59
Previous year: $1.78
+45.5%
Organic Revenue Growth
21.4%
Previous year: -13.1%
-263.4%
Gross Profit
$4.23B
Previous year: $3.37B
+25.5%
Free Cash Flow
$1.6B
Previous year: $1.5B
+6.7%
Total Assets
$48.3B
Previous year: $45.1B
+7.2%

3M

3M

Forward Guidance

3M updated its guidance for full-year 2021. The company expects reported total sales growth of 7 to 10 percent with organic local-currency sales growth in the range of 6 to 9 percent. 3M now forecasts earnings in the range of $9.70 to $10.10 per share. The company expects full-year free cash flow conversion to be in the range of 90 to 100 percent.

Company Overview

Full financial data and analysis

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