3M said its Q3 2024 sales were $6,294 million ($6.3 billion), up 0.4% from a year earlier, and that adjusted EPS from continuing operations rose 18% to $1.98. GAAP EPS from continuing operations was $2.48.

1. 01

   3M said its Q3 2024 sales were $6,294 million ($6.3 billion), up 0.4% from a year earlier, and that adjusted EPS from continuing operations rose 18% to $1.98. GAAP EPS from continuing operations was $2.48.

2. 02

   The company said its GAAP operating income margin for Q3 was 20.9% and its adjusted operating income margin was 23.0%, 1.4 percentage points higher than 21.6% a year earlier. Special items adjusted EPS by $0.51 for net costs for significant litigation and $(1.05) for the change in the value of its Solventum ownership.

3. 03

   The company said operating cash flow for Q3 was $(1.8) billion, mainly reflecting $3.6 billion in net after-tax payments for costs of significant litigation, primarily related to Public Water Systems and Combat Arms Earplugs. Adjusted free cash flow was $1.5 billion, and the company returned $1.1 billion to shareholders through dividends and share repurchases.

4. 04

   The company said it updated its full-year 2024 adjusted EPS outlook for continuing operations to $7.20 to $7.30 from $7.00 to $7.30. It put the full-year adjusted total sales growth and adjusted organic sales growth at about 1%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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