3M Reports First-Quarter 2024 Results, Completes Solventum Spin, and Initiates 2024 Guidance

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Adjusted sales increased by 0.5% YoY, and adjusted earnings per share (EPS) was $2.39, up double digits YoY. The company completed the spin-off of its health care business, Solventum, on April 1, 2024. 3M also finalized legal settlements for Public Water Suppliers and Combat Arms Earplugs. The company initiated full-year 2024 guidance and announced that William 'Bill' Brown will become the new CEO effective May 1, 2024, with Mike Roman becoming Executive Chairman.

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About 3M Company

3M Company, often recognized for its innovative approach, is a diversified technology corporation that caters to various consumer and industrial needs across the globe. With a robust presence in multiple sectors, 3M's primary function is the development, manufacturing, and marketing of a wide array of products essential in industries such as safety and industrial, transportation and electronics, health care, and consumer goods. The company is particularly noted for products like adhesives, abrasives, personal protective equipment, medical devices, and consumer goods like Post-it Notes and Scotch Tape. As a significant player in the industrial sector, 3M impacts daily lives by enhancing the comfort and efficiency of households and workplaces. Headquartered in St. Paul, Minnesota, and founded in 1902, 3M’s commitment to innovation and research and development continues to strengthen its position in global markets, influencing everyday products and solutions.