Key Takeaways 3M exceeded estimates for profit and sales in the first quarter while saying that its spinoff of health care unit Solventum means it won't be increasing its dividend. The multinational conglomerate said its dividend would now be based on its free cash flow, which is expected to lower the amount of payouts after six decades of annual increases. Despite that, shares of 3M rose to their highest level in more than a year on its streamlining efforts. Shares of 3M (MMM) climbed as the streamlined mu ...

3M Company (MMM) reported first-quarter 2024 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate. Both the top and bottom lines (on adjusted basis) increased on a year-over-year basis. Inside the Headlines 3M delivered adjusted earnings of $2.39 per share, surpassing the Zacks Consensus Estimate of $2.08. The metric increased from $1.97 reported in the year-ago quarter. The company’s adjusted net sales of $7.72 billion outperformed the Zacks Consensus Estimate of $7.64 billion. The ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 1-3285 3M COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0417775 (State or ...

3M (MMM) stock is up nearly 4% Tuesday, making it the best Dow Jones stock in intraday trading. The upside comes as the Post-It note maker's first-quarter earnings and revenue beat offset news that MMM is cutting its dividend, putting an end to its six-decade streak of increases. In the three months ended March 31, 3M said revenue increased 0.5% year-over-year to $7.7 billion and earnings per share (EPS) were up 21.3% to $2.39. The results exceeded analysts' expectations for revenue of $7.1 billion and EPS ...

Strong quarterly results offer investors reason to hope the worst is over for the industrial conglomerate. Long-suffering 3M (MMM 4.56%) shareholders must have been pleasantly surprised by its first-quarter results Tuesday morning, and the stock is moving higher as a result. Shares of 3M were trading up by 5% as of 10:30 a.m. ET after its numbers easily beat expectations. A return to organic growth The industrial conglomerate has lost more than 40% of its value over the past three years as it worked through ...

3M (MMM) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 14.90%. A quarter ago, it was expected that this maker of Post-it notes, industrial coatings and ceramics would post earnings of $2.31 per share when it actually produced earnings of $2.42, delivering a surprise of 4.76%. Over ...

Exhibit 99.1 3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum Spin • Company delivers strong first quarter results: - Sales of $8.0 billion, down 0.3% YoY; adjusted sales of $7.7 billion with organic growth up ~1% YoY - GAAP earnings per share of $1.67, down 5% YoY; adjusted earnings of $2.39, up double digits YoY • Successfully completed the spin of Solventum on April 1st • Finalized legal settlements for Public ...

Company delivers strong first quarter results: Sales of $8.0 billion, down 0.3% YoY; adjusted sales of $7.7 billion with organic growth up ~1% YoY GAAP earnings per share of $1.67, down 5% YoY; adjusted earnings of $2.39, up double digits YoY Successfully completed the spin of Solventum on April 1st Finalized legal settlements for Public Water Suppliers and Combat Arms Earplugs Initiates guidance on a continuing operations basis and updates capital allocation framework Named William "Bill" Brown as CEO effe ...

During the current earnings season, three companies have strategically positioned themselves to boost their bottom line. They will do it through international expansion, market penetration, and operational edge, giving investors a sneak peek at potentially lucrative consumer discretionary and industrial opportunities. Despite obstacles in some markets, the first has shown resilience in increasing profitability. When combined with deliberate cost-cutting initiatives, the company’s adjusted EPS rise in 2023 d ...

公司业绩 - 3M公司计划在2024年4月30日市场开盘前发布第一季度业绩报告[1] - 公司在过去四个季度中每次都超出了Zacks Consensus Estimate，平均超出幅度为18.5%[1] - 3M公司的Earnings ESP为-7.95%，最准确的估计为每股1.78美元，低于Zacks Consensus Estimate的1.93美元[10] 重组措施 - 3M公司预计将受益于其重组措施，包括减少人员数量，这可能会降低成本并改善利润率[4] 行业挑战 - 由于一次性呼吸器需求下降，可能会影响3M的安全和工业部门[5] - 由于原材料、物流成本和能源成本的上涨，可能会影响3M公司本季度的利润[7] 交易价格 - 根据过去12个月的EV-to-EBITDA（企业价值与利息、税、折旧和摊销前利润的比率）来看，3M目前的交易价格为12.25倍，高于三年中值12.00倍[8] 市场预期 - 根据Zacks模型，目前不确定3M公司是否会超过市场预期[9] 投资建议 - 投资者应该谨慎购买3M公司的股票，因为公司面临一些挑战，应该密切关注股票的发展，以获得更合适的入场点[11]