$MMM (+1,06 %) | 3M Company Q3'24 Earnings Highlights:

🔹 Adj EPS : $1.98 (Est. $1.90) 🟢; UP +18% YoY 

🔹 Net Sales: $6.29B (Est. $6.06B) 🟢; UP +0.4% YoY 

FY24 Outlook:

🔹 Adj EPS Guidance to $7.20–$7.30 (Previous: $7.00–$7.30; Est. $7.26) 🟢

 🔹 Adj Total Sales Growth to ~1% (Previous: (0.25%) to +1.75%) 

🔹 Adj Organic Sales Growth to ~1% (Previous: flat to +2%)

CEO William Brown's Commentary: 

🔸 "The 3M team delivered another quarter of strong operational execution, resulting in a double-digit increase in adjusted earnings along with solid adjusted free cash flow generation. Our ongoing execution positions us well to deliver a strong finish to the year. I am confident that our work on advancing our three priorities – organic growth, operational excellence, and capital deployment – will deliver long-term value creation for our shareholders."

Operational Highlights: 

🔹 Adjusted Operating Income Margin: 23.0%; UP +1.4 percentage points YoY 

🔹 Adjusted Free Cash Flow: $1.5B

🔸Returned $1.1B to shareholders via dividends and share repurchases. 

🔸 Cash from operations was negative $1.8B, driven by $3.6B net after-tax payments for costs of significant litigation, primarily Public Water Systems and Combat Arms Earplugs.