3M Q4 adjusted EPS $2.42 beats $2.18 YoY; FY 2024 outlook $9.35-$9.75

3M CO

2023-FY EPS reported -$12.63 revenue$32,681,000,000

Q4 GAAP EPS $1.70 (vs $0.98); adjusted EPS $2.42 (vs $2.18), up 11% YoY.
Q4 sales $8,013M; organic sales -1.9% (-1.4% adjusted for PFAS).
FY 2023 GAAP loss per share $12.63 from $14.8B in litigation charges (CAE & PWS settlements); adjusted EPS $9.24.
FY 2024 outlook: adjusted EPS $9.35-$9.75, adjusted organic sales growth flat to +2%, operating cash flow $6.5-$7.1B.
Health Care spin on track for first half 2024; restructuring headwind of 1.4pp to adjusted operating margin.

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 reported financial results for fourth-quarter 2023.

Period: fourth-quarter 2023
Result: reported results

Exact text from the filing

On January 23, 2024, 3M Company issued a press release reporting fourth-quarter and full-year 2023 financial results and provided its 2024 financial outlook (attached hereunder as Exhibit 99.1 and incorporated herein by reference).

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

3M CO filing history →

Source: SEC EDGAR

accession 0000066740-24-000005

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