3M has reported its fourth-quarter and full-year 2024 results, showing a slight increase in sales for the fourth quarter. The Q4 sales totaled $6.0 billion, up 0.1% year-on-year, with adjusted sales of $5.8 billion, reflecting organic growth of 2.1% year-on-year.
The GAAP EPS from continuing operations for Q4 was $1.33, marking a 17% increase year-on-year. However, the adjusted EPS from continuing operations for the same period was $1.68, a 2% decrease compared to the previous year.
For the full year 2024, 3M reported sales of $24.6 billion, representing a marginal decline of 0.1% year-on-year. However, adjusted sales for the same period amounted to $23.6 billion, indicating a 1.3% increase year-on-year, with organic growth of 1.2% year-on-year.
In terms of earnings per share, the full-year GAAP EPS from continuing operations was $7.26, while the adjusted EPS from continuing operations stood at $7.30, showing a significant 21% increase compared to the previous year.
Additionally, 3M reported a full-year operating cash flow of $1.8 billion and adjusted free cash flow of $4.9 billion. The company also returned $3.8 billion to shareholders through dividends and share repurchases during the year.
Looking ahead, 3M has provided its full-year 2025 financial guidance, expecting adjusted total sales growth in the range of 0.5 to 1.5%, with adjusted organic sales growth of 2 to 3%. The company anticipates adjusted EPS in the range of $7.60 to $7.90 and adjusted operating cash flow of $5.2 to $5.3 billion for the year.
Today the company's shares have moved 4.4% to a price of $147.29. If you want to know more, read the company's complete 8-K report here.
