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Jun 30, 2024
3M Q2 2024 Earnings Report
Delivered strong second-quarter results and updated full-year 2024 earnings guidance.
Key Takeaways
3M reported sales of $6.3 billion, a slight decrease of 0.5% year-over-year. GAAP EPS from continuing operations was $2.17, up 117% year-over-year, and adjusted EPS from continuing operations was $1.93, up 39% year-over-year. The company updated its full-year 2024 adjusted EPS guidance to $7.00 to $7.30.
GAAP EPS of $2.17 and operating margin of 20.3%.
Adjusted EPS of $1.93, up 39% year-on-year.
Adjusted operating income margin of 21.6%, an increase of 4.4 percentage points year-on-year.
Sales of $6.3 billion, down 0.5% year-on-year, with organic sales down 0.3% year-on-year.
3M
3M
3M Revenue by Segment
Revenue by Segment
Safety and Industrial Revenue
CapyFin.comTransportation & Electronics Revenue
CapyFin.comConsumer Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
3M updated its full-year adjusted earnings expectations given the company’s strong operational execution in the first half of the year. The 2024 earnings outlook below reflects the continuing operations of 3M.
Revenue & Expenses
Visualization of income flow from segment revenue to net income