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Sep 30, 2024
3M Q3 2024 Earnings Report
Reported strong operational execution, resulting in a double-digit increase in adjusted earnings along with solid adjusted free cash flow generation.
Key Takeaways
3M reported Q3 2024 results with sales of $6.3 billion, up 0.4% YoY. GAAP EPS from continuing operations was $2.48, up 154% YoY, and adjusted EPS was $1.98, up 18% YoY. The company is updating its full-year 2024 adjusted EPS guidance to $7.20 to $7.30.
Sales of $6.3 billion, up 0.4% year-on-year, with organic sales down 0.1% year-on-year.
Adjusted sales of $6.1 billion, up 1.5% year-on-year with adjusted organic sales up 1.0% year-on-year.
GAAP EPS of $2.48 and operating margin of 20.9%.
Adjusted EPS of $1.98, up 18% year-on-year.
3M
3M
3M Revenue by Segment
Forward Guidance
The company is raising its full-year adjusted earnings expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income