The industrial group $MMM (-0,09%) exceeded market expectations in the second quarter of 2025 - at least in terms of turnover and profit:
- Turnover: USD 6.34 billion
- → Expectation: USD 6.10 billion
- → +1,4 % compared to the previous year, 4% above estimates
- Adjusted earnings per share (EPS): USD 2.16
- → Expectation: USD 2.01
- → 7.4 % above expectations
📈 Management has raised the annual forecast for adjusted earnings to USD 7.88 per share (mean value) - a slight increase of 1,6 %.
But there are also downsides:
- Operating margin: 18 % (previous year: 20.3 %)
- Free cash flow:
USD -1.16 billion (previous year: USD +1.17 billion) - Organic sales growth: +1.5% YoY (constant year-on-year)
📌 Market capitalization: USD 85.59 bn
💬 Conclusion: 3M delivers solid sales and earnings figures, but the negative free cash flow and falling margin raise questions. The share remains exciting - especially for long-term investors.
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