🔹 Revenue: $6.3B (Est. $6.25B) 🟢; +4.1% YoY (adj)
🔹 Adj EPS: $2.19 (Est. $2.07) 🟢; +10% YoY
Raises FY25 Guidance:
🔹 Adj EPS: $7.95–$8.05 (Est. $7.93) 🟢; Prior $7.75–$8.00
🔹 Adj Sales Growth: >2.5%; Adj Organic Growth >2.0%
🔹 Adj Operating Margin Expansion: +180–200 bps YoY
🔹 Adj FCF Conversion: >100%
Q3 Segments:
Industrial & Safety:
🔹 Organic Growth: +2.6% YoY
🔹 Margin Expansion: +130 bps YoY
Consumer & Electronics:
🔹 Organic Growth: +3.2% YoY
🔹 Margin Expansion: +170 bps YoY
Healthcare & Transportation:
🔹 Organic Growth: +3.5% YoY
🔹 Solid execution across core end-markets
Other Key Metrics:
🔹 Adj Operating Margin: 24.7%; +170 bps YoY
🔹 Operating Cash Flow: $1.8B
🔹 Adj Free Cash Flow: $1.3B
🔹 Shareholder Returns: $0.9B (dividends + buybacks)
Company Update:
🔹 Raised FY25 EPS & margin guidance on strong execution
🔹 Focus on accelerating organic growth and operational efficiency
CEO Commentary:
🔸 “Our teams’ focus on reinvigorating top-line growth and operational performance drove another strong quarter.”
🔸 “The 3M Excellence Model helped accelerate organic sales, increase margins, and deliver double-digit EPS growth.”
🔸 “This progress gives us confidence to raise our full-year margin and EPS guidance.”