3M beats Q3 estimates, updates FY guidance

3M press release (NYSE:MMM): Q3 Non-GAAP EPS of $1.98 beats by $0.08.
Revenue of $6.1B (-26.6% Y/Y) beats by $40M.
GAAP EPS from continuing operations of $2.48, up 154% YoY
Operating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billion
Updating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30
Non-GAAP EPS consensus at $7.30 (prior $7.00 to $7.30)

	Prior 2024 forecast²		Current 2024 forecast²
Adjusted total sales growth		(0.25%) to +1.75%		~1%
Adjusted organic sales growth		flat to +2%		~1%
Adjusted EPS		$7.00 to $7.30		$7.20 to $7.30

Tags: MMM