secwatch.observer — SEC 8-K summary
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Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0000066740-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000005/0000066740-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000005/mmm-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000066740-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer