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3M(MMM) - 2024 Q3 - Earnings Call Transcript
2024-10-22 17:40
3M Company (NYSE:MMM) Q3 2024 Earnings Call October 22, 2024 9:00 AM ET Company Participants Bruce Jermeland - Senior Vice President, Investor Relations Bill Brown - Chief Executive Officer Anurag Maheshwari - Chief Financial Officer Conference Call Participants Scott Davis - Melius Research Andrew Obin - Bank of America Nigel Coe - Wolfe Research Jeff Sprague - Vertical Research Partners Julian Mitchell - Barclays Nicole DeBlase - Deutsche Bank Steve Tusa - JPMorgan Andy Kaplowitz - Citi Brett Linzey - Miz ...
MMM's Q3 Earnings & Revenues Surpass Estimates, Increase Y/Y
ZACKS· 2024-10-22 17:25
3M Company (MMM) reported third-quarter 2024 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate. Both the bottom and top lines increased on a year-over-year basis.It’s worth noting that in April 2024, the company completed the spin-off of its Healthcare business into a separate public company.Inside the Headlines3M delivered adjusted earnings of $1.98 per share, which surpassed the Zacks Consensus Estimate of $1.93. The metric increased from $1.68 per share reported in the year-ag ...
Crude Oil Rises Sharply; 3M Posts Upbeat Earnings
Benzinga· 2024-10-22 16:34
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 50 points on Tuesday. The Dow traded down 0.09% to 42,891.94 while the NASDAQ slipped 0.28% to 18,488.16. The S&P 500 also fell, dropping, 0.30% to 5,836.28. Check This Out: Top 4 Consumer Stocks That May Dip This Quarter Leading and Lagging Sectors Energy shares rose by 0.5% on Tuesday. In trading on Monday, industrials shares fell by 1.1%. Top Headline 3M Company MMM reported better-than-expected third-quarter adjust ...
Governors of Colorado and Wyoming Announce $3M in Funding for Climate Resilience Projects through the NSF-funded Colorado-Wyoming Climate Resilience Engine
GlobeNewswire News Room· 2024-10-22 16:00
Fort Collins, CO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Over the past two months, the Colorado-Wyoming Climate Resilience Engine has been focused on identifying and supporting groundbreaking climate resilience projects across the region. This included launching the first round of investments in Research and Development and Translation/Startup projects with funding from the U.S. National Science Foundation (NSF) Regional Innovation Engines program. Interdisciplinary, collaborative teams from across the region's ...
3M(MMM) - 2024 Q3 - Quarterly Report
2024-10-22 15:48
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 1-3285 3M COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0417775 (Stat ...
Compared to Estimates, 3M (MMM) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-22 14:35
For the quarter ended September 2024, 3M (MMM) reported revenue of $6.29 billion, down 24.3% over the same period last year. EPS came in at $1.98, compared to $2.68 in the year-ago quarter.The reported revenue represents a surprise of +3.18% over the Zacks Consensus Estimate of $6.1 billion. With the consensus EPS estimate being $1.93, the EPS surprise was +2.59%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectatio ...
3M(MMM) - 2024 Q3 - Quarterly Results
2024-10-22 10:35
Exhibit 99.1 3M Reports Third-Quarter Results; Raises Full-Year 2024 Earnings Guidance • Sales of $6.3 billion, up 0.4% YoY • Adjusted sales of $6.1 billion with organic growth up 1.0% YoY • GAAP EPS from continuing operations of $2.48, up 154% YoY • Adjusted EPS from continuing operations of $1.98, up 18% 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 ST. PAUL, M ...
3M Reports Third-Quarter Results; Raises Full-Year 2024 Earnings Guidance
Prnewswire· 2024-10-22 10:30
Sales of $6.3 billion, up 0.4% YoYAdjusted sales of $6.1 billion with organic growth up 1.0% YoYGAAP EPS from continuing operations of $2.48, up 154% YoYAdjusted EPS from continuing operations of $1.98, up 18% YoYOperating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billionUpdating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30ST. PAUL, Minn., Oct. 22, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today reported third-quarter results."The 3M team deli ...
3M Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-10-22 07:13
3M Company MMM will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 22.Analysts expect the Saint Paul, Minnesota-based company to report quarterly earnings at $1.9 per share, down from $2.44 per share in the year-ago period. 3M projects to report revenue of $6.06 billion for the quarter, compared to $7.32 billion a year earlier, according to data from Benzinga Pro.On Aug. 1, 3M named Anurag Maheshwari as Executive Vice President and CFO.3M shares fell 0.2% to close a ...
3M Q3 Earnings Preview
Forbes· 2024-10-21 15:15
HONG KONG, CHINA - 2024/06/23: In this photo illustration, the American company specializing in ... [+] worker safety, U.S. health care, and consumer goods, 3M (NYSE: MMM), logo seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images3M (NYSE: MMM) will report its Q3 2024 results on Tuesday, October 22. We expect the company to post mixed results, with ...