3M Non-GAAP EPS of $2.16 beats by $0.15

  • 3M press release (NYSE:MMM): Q2 Non-GAAP EPS of $2.16 beats by $0.15.
  • Adj. Revenue of $6.2B (+2.3% Y/Y) beats by $130M.
  • Adjusted sales of $6.2 billion, up 2.3% year-on-year with adjusted organic sales up 1.5% year-on-year.
  • Updated full-year guidance

  • Adjusted total sales growth in the range of ~2.5 percent, reflecting adjusted organic sales growth1 of ~2.0 percent.
  • Adjusted EPS in the range of $7.75 to $8.00.
  • Adjusted operating cash flow of $5.1 to $5.5 billion, contributing to >100 percent adjusted free cash flow conversion

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