3M Earnings Beat On Top And Bottom Lines
Consumer goods company 3M (MMM) has reported fourth-quarter financial results that beat Wall Street forecasts across the board. The company known for its office products such as Post-it Notes and Scotch tape announced earnings per share (EPS) of $1.68 U.S., which was ahead of the $1.66 U.S. expected among analysts. Revenue in the final three months of last year totaled $6 billion U.S., which topped Wall Street’s consensus forecast of $5.8 billion U.S. Sales during Q4 2024 rose 2.1% from a year earlier. 3M has been working to rebrand many of its products and kickstart sales. Last spring, the company spun-off its former healthcare division, which is now called Solventum (SOLV). 3M also replaced its chief executive officer (CEO) last year, with new leader William Brown taking the company’s helm on May 1. Brown has said his priorities for 3M are to accelerate growth with a renewed focus on research and development (R&D) and new products. In terms of forward guidance, 3M said that it expects comparable sales to grow by 2.5% year-over-year in 2025. As for earnings, 3M forecasts a range of $7.60 U.S. to $7.90 U.S. a share. The $7.75 U.S. midpoint is close to the $7.78 U.S. consensus expectation on Wall Street. 3M stock has risen 56% over the last 12 months to trade at $141.03 U.S. per share.
Consumer goods company 3M (MMM) has reported fourth-quarter financial results that beat Wall Street forecasts across the board.
The company known for its office products such as Post-it Notes and Scotch tape announced earnings per share (EPS) of $1.68 U.S., which was ahead of the $1.66 U.S. expected among analysts.
Revenue in the final three months of last year totaled $6 billion U.S., which topped Wall Street’s consensus forecast of $5.8 billion U.S. Sales during Q4 2024 rose 2.1% from a year earlier.
3M has been working to rebrand many of its products and kickstart sales. Last spring, the company spun-off its former healthcare division, which is now called Solventum (SOLV).
3M also replaced its chief executive officer (CEO) last year, with new leader William Brown taking the company’s helm on May 1.
Brown has said his priorities for 3M are to accelerate growth with a renewed focus on research and development (R&D) and new products.
In terms of forward guidance, 3M said that it expects comparable sales to grow by 2.5% year-over-year in 2025.
As for earnings, 3M forecasts a range of $7.60 U.S. to $7.90 U.S. a share. The $7.75 U.S. midpoint is close to the $7.78 U.S. consensus expectation on Wall Street.
3M stock has risen 56% over the last 12 months to trade at $141.03 U.S. per share.
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