Sales of $6.3 billion, down 0.5% YoYAdjusted sales of $6.0 billion with organic growth up 1.2% YoYGAAP EPS from continuing operations of $2.17, up 117% YoYAdjusted EPS from continuing operations of $1.93, up 39% YoYOperating cash flow of $1.0 billion with adjusted free cash flow of $1.2 billionUpdates full-year 2024 adjusted EPS from continuing operations to $7.00 to $7.30 from $6.80 to $7.30ST. PAUL, Minn., July 26, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today reported second-quarter results."We delivered ano ...

3M Company MMM will release its financial results for the second quarter, before the opening bell on Friday, July 26.Analysts expect the Saint Paul, Minnesota-based company to report quarterly earnings at $1.68 per share, down from $2.17 per share in the year-ago period. 3M is expected to post revenue of $5.88 billion, compared to $7.87 billion a year earlier, according to data from Benzinga Pro.On July 16, 3M completed a strategic investment in Ohmium International, a developer of electrolyzer systems for ...

3M Company (MMM) is scheduled to release second-quarter 2024 results on Jul 26, before market open.The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at $1.66 per share, reflecting a decline of 2.9% in the past 60 days. The consensus mark implies a 23.5% decline from the year-ago actual. The Zacks Consensus Estimate for second-quarter 2024 revenues is pegged at $5.89 billion, suggesting a 29.3% decrease from the year-ago actual.It is worth noting that in April 2024, 3M completed the spi ...

Industrial giant 3M just spun off a growth business, leaving it with a less attractive portfolio...and large legal headwinds.There is no way to sugarcoat it: 3M (MMM -0.10%) has not been a particularly rewarding investment over the past decade, with the price currently about 15% lower than where it was 10 years ago. But the real turning point came in 2018, when the industrial giant's legal and regulatory headwinds started to pick up. Since that high-water mark, the stock price has been cut in half. Is this ...

jetcityimage 3M: Investors Looked Past Peak Pessimism Industrial stocks like 3M Company (NYSE:MMM) have performed well recently, as the sector rotation has bolstered the sector. Investors have remained calm even as MMM revised its dividend per share payout downwards. As a reminder, the dividend revision is necessary for 3M to reignite a healthier recovery trajectory as a "reset" from spinning off Solventum (3M's previous healthcare business). As a result, the company's decision to downgrade its payout ratio ...

3M (MMM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 26. On the other ha ...

jetcityimage It has been a rough road to get to this point, but 3M Company (NYSE:MMM) investors actually have some reason to be optimistic about the future, and it’s been too long since that has been the case. While not everything that has bedeviled this industrial conglomerate can be laid at the feet of the now-former CEO – the acquisition of Aearo and its earplugs, as well as the production of PFAS chemicals predate his tenure by a wide margin – unimaginative leadership has nevertheless left the compa ...

3M Company’s (MMM) investors have been witnessing some short-term gains from the stock of late. The conglomerate giant’s shares have gained 13.4% in the past three months, outpacing the industry’s return of 9.2% and the S&P 500’s 11.4% growth. The company has also outperformed other industry players like Danaher Corporation (DHR) and ITT Inc. (ITT) , which have returned 4.5% and 10.6%, respectively, over the same time frame.MMM Three Months Price PerformanceImage Source: Zacks Investment ResearchClosing at ...

ST. PAUL, Minn., July 16, 2024 /PRNewswire/ -- In its continuing effort to expand into emerging climate technologies, 3M (NYSE: MMM) has completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. The investment is part of 3M's commitment to advancing technologies that support the transition to a low-carbon economy and may help the company explore further decarbonizing its own operations. Ohmium logo "Our investment in Ohmium demonstrates ...

After hitting a May 20, 52-week high, consumer goods stock 3M Co (NYSE:MMM) pulled back to its 20-day moving average and $100 century mark. Buying followed a bullish post-earnings reaction in early May, even as retail clients at major brokerages were net sellers during the month. Since then, MMM took out its 2020 low at $97 and later retested that level.  Only four of 12 analysts in coverage rate the equity a "buy." This leaves plenty of room for upgrades as MMM’s technical backdrop improves, especially con ...