3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum Spin
MMM3M(MMM) Prnewswire·2024-04-30 18:30

Company delivers strong first quarter results: Sales of 8.0billion,down0.38.0 billion, down 0.3% YoY; adjusted sales of 7.7 billion with organic growth up ~1% YoY GAAP earnings per share of 1.67,down51.67, 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 ...