3M beats top-line and bottom-line estimates; updates FY25 EPS outlook

  • 3M press release (NYSE:MMM): Q1 Non-GAAP EPS of $1.88 beats by $0.11.
  • Revenue of $5.8B (-0.8% Y/Y) beats by $70M.
  • Sales of $6.0 billion, down 1.0% year-on-year, with organic sales down 0.3% year-on-year.
  • Adjusted operating margin of 23.5%, up 220 bps Y/Y.

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