3M said sales for Q1 2025 were $6.0 billion, down 1.0% year-on-year and down 0.3% organically, while adjusted sales were $5.8 billion, up 0.8% year-on-year and up 1.5% organically.

1. 01

   3M said sales for Q1 2025 were $6.0 billion, down 1.0% year-on-year and down 0.3% organically, while adjusted sales were $5.8 billion, up 0.8% year-on-year and up 1.5% organically.

2. 02

   The company said operating margin for Q1 was 20.9%, up 1.8 percentage points year-on-year, and adjusted operating margin was 23.5%. Diluted earnings per share from continuing operations were $2.04, up 61%, and adjusted EPS were $1.88, up 10%.

3. 03

   3M said cash, cash equivalents and marketable securities as of March 31, 2025 were $7.0 billion, down from $7.7 billion as of December 31, 2024. The company cited as factors for the decrease payments associated with the CAE settlement of $0.7 billion, purchases of treasury stock of $1.3 billion and dividend payments of $0.4 billion.

4. 04

   The company said its board approved a new share repurchase program of up to $7.5 billion in February 2025, and during the 1 to 3 months of 2025 it repurchased $1.3 billion with approximately $6.6 billion remaining as of March 31. The dividend for Q1 increased 4% per share to $0.73.

Key figures

Quarter ended March 31, 2025

Revenue

$6.0B

Operating income

$1.2B

Net income

$1.1B

EPS

$2.04

Operating cash flow

−$79M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.