---
schema_version: "secwatch.filing_event.v1"
accession: "0000066740-24-000051"
form_type: "8-K"
ticker: "MMM"
cik: "0000066740"
company_name: "3M CO"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:59:02.970427+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 3M Q1 adj. EPS $2.39 (+21% YoY), Solventum spin complete, Bill Brown named CEO

## Summary
- Q1 sales $8.0B (-0.3% YoY); GAAP EPS $1.67 (-5% YoY); adj. EPS $2.39 (+21% YoY).
- Completed Solventum spin on Apr 1; retains 19.9% of SOLV shares to monetize within 5 years.
- Legal settlements: PWS up to $10.3B pre-tax PV; Combat Arms up to $6.0B (PV $5.3B), both reserved.
- FY2024 guidance (continuing ops): adj. EPS $6.80-$7.30; adj. organic sales growth flat to +2%.
- William 'Bill' Brown becomes CEO effective May 1; Mike Roman becomes Executive Chairman.

## SEC filing metadata
- accession: 0000066740-24-000051
- form_type: 8-K
- ticker: MMM
- cik: 0000066740
- company_name: 3M CO
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66740/000006674024000051/0000066740-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66740/000006674024000051/mmm-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000066740-24-000051
- JSON: https://secwatch.observer/filing/0000066740-24-000051.json
- Plain text: https://secwatch.observer/filing/0000066740-24-000051.txt

## Key facts
- Earnings Releases
  3M CO updated its first-quarter guidance (reaffirmed).
  - Period: first-quarter
  - Guidance: reaffirmed
  - Result: reported results
  source text: On April 30, 2024, 3M Company issued a press release reporting first-quarter financial results and initiating its full-year 2024 guidance reflecting completion of Solventum spin (attached hereunder as Exhibit 99.1 and incorporated herein by reference).
  evidence_url: https://www.sec.gov/Archives/edgar/data/66740/000006674024000051/0000066740-24-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.