In the third quarter of 2024, 3M showed solid financial performance, exceeding analysts' expectations. The company achieved revenue of $6.3 billion, marking a 0.4% increase compared to the previous year.

Financial Results for Q3

3M reported that its sales in the third quarter of 2024 reached $6.3 billion, surpassing market expectations of $6.06 billion. The total organic sales growth was 1.0%.

EPS and Operating Income Growth

The company's earnings per share (EPS) stood at $2.48, a 154% increase year-over-year. The adjusted EPS was $1.98, exceeding market expectations by 8 cents.

Updated 2024 Guidance

The company has raised its full-year 2024 earnings forecast, with adjusted EPS expectations increased to $7.20–$7.30 range. This confidence is based on strong operational execution and strategic initiatives.

3M's achievements in the third quarter highlight its success in organic growth and operational efficiency. The increase in the 2024 forecast reflects the company's confidence in its strategies and future development.