earnings
confidence high
sentiment positive
materiality 0.75
3M Q2 adjusted EPS $1.93 (+39% YoY), raises FY2024 EPS guidance to $7.00-$7.30
3M CO
2024-Q2 EPS reported
$3.73
revenue$12,271,000,000
- GAAP EPS $2.17 vs ($12.94) prior year; operating margin 20.3%.
- Adjusted sales $6.0B with organic growth +1.2% YoY; total GAAP sales $6.3B (-0.5%).
- Operating cash flow $1.0B; adjusted free cash flow $1.2B.
- Full-year adjusted EPS guidance raised to $7.00-$7.30 from $6.80-$7.30.
- Returned $786M to shareholders via dividends and buybacks.