3M Company
3M Reports Q3 2024 Financial Results and Raises Full-Year Guidance
Summary
3M Company reported third-quarter 2024 financial results on October 22, 2024, with sales of $6.3 billion, a 0.4% increase year-over-year. Adjusted sales increased by 1.5% year-over-year to $6.1 billion. GAAP EPS from continuing operations was $2.48, up 154% year-over-year, and adjusted EPS from continuing operations was $1.98, up 18% year-over-year. The company updated its full-year 2024 adjusted EPS guidance to a range of $7.20 to $7.30 from $7.00 to $7.30, reflecting strong operational execution and solid adjusted free cash flow generation.
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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.
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