3M Q3 adj EPS $2.68 beats, raises FY outlook; $4.2B charge from Combat Arms settlement

3M CO

2023-Q3 EPS reported -$14.34 revenue$24,668,000,000

GAAP loss per share $3.74 includes $4.2B pre-tax charge for Combat Arms earplug settlement.
Adjusted EPS $2.68 vs $2.60 YoY; adjusted operating margin 23.2% (up 160bps).
Sales $8.3B, down 3.6% YoY; adjusted organic sales decline 3.1%.
Raised FY 2023 adj EPS guidance to $8.95-$9.15 from $8.60-$9.10; raised adj free cash flow expectations.
Combat Arms settlement: $6.0B total contribution 2023-2029; Health Care spin on track for H1 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

3M CO updated its third quarter 2023 guidance (raised).

Period: third quarter 2023
Guidance: raised
Result: reported results

Exact text from the filing

On October 24, 2023, 3M Company issued a press release reporting third quarter 2023 financial results and increasing full-year adjusted earnings and cash flow expectations

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

3M CO filing history →

Source: SEC EDGAR

accession 0000066740-23-000088

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.