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3M (MMM) reported $5.81 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 27.5%. EPS of $1.68 for the same period compares to $2.42 a year ago.The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $5.79 billion. With the consensus EPS estimate being $1.66, the EPS surprise was +1.20%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Core Insights - 3M reported Q4 2024 adjusted earnings per share (EPS) of $1.68, exceeding analyst expectations of $1.66, despite a 2% decline year over year [2][4] - Revenue for the quarter was $6.01 billion, surpassing the forecast of $5.78 billion and showing a slight increase from $6.00 billion in Q4 2023 [2][4] - Ongoing legal challenges, particularly related to PFAS litigation, continue to impact the company's financials and cash flows [8][12] Financial Performance - Adjusted EPS for Q4 2024 was $1.68, down 2% from $1.70 in Q4 2023 [4] - Revenue increased by 0.1% year over year, from $6.00 billion in Q4 2023 to $6.01 billion [4][7] - GAAP EPS rose 17% to $1.33 compared to $1.14 in the previous year [4] Business Overview - 3M operates in diverse sectors including Safety and Industrial, Transportation and Electronics, Health Care, and Consumer [5] - The company is focusing on core business areas and plans to spin off its Health Care segment to streamline operations [5][12] - Significant investments in proprietary technologies and patents are aimed at enhancing competitive advantage [5] Operational Efficiency - 3M has improved its supply chain capabilities, achieving a supplier on-time delivery rate of 70% [6] - The company is navigating regulatory requirements and ongoing litigation, which are critical for financial stability [6][9] Segment Performance - Total sales for the quarter were $6 billion, with a strategic focus on high-growth fields like automotive and electronics [7] - The Transportation and Electronics segment experienced a 4.5% decline in sales, impacting overall performance [4][7] Geographic Performance - 3M saw notable growth in American markets, while the EMEA region experienced a decline of 4.3% [10] Future Outlook - Management projects adjusted total sales growth of 0.5% to 1.5% and adjusted EPS between $7.60 and $7.90 for 2025 [12] - The strategic divestment of non-core segments is intended to reinforce core competencies and streamline resources [12]

Financial Performance - Fourth-quarter 2024 GAAP EPS from continuing operations was $1.33, up 17% year-on-year, while adjusted EPS was $1.68, down 2% year-on-year[3][5]. - Fourth-quarter net sales reached $6.01 billion, a 0.1% increase year-on-year, with adjusted sales of $5.80 billion reflecting a 2.2% increase year-on-year[4][6]. - Full-year 2024 GAAP EPS from continuing operations was $7.26, with adjusted EPS at $7.30, representing a 21% increase year-on-year[7][10]. - Full-year net sales totaled $24.58 billion, down 0.1% year-on-year, while adjusted sales were $23.63 billion, up 1.3% year-on-year[11]. - Adjusted net income for the total company, excluding special items, was $1,129 million, with an adjusted earnings per share of $1.70[43]. - Adjusted net income attributable to 3M for the year ended December 31, 2024, was $4.409 billion, down from $5.122 billion in 2023[50]. - The adjusted earnings per share from continuing operations for 2024 was $7.30, reflecting a 21% increase compared to the previous year[48]. Cash Flow and Shareholder Returns - The company returned $3.8 billion to shareholders through dividends and share repurchases in 2024[2][11]. - Adjusted free cash flow for the fourth quarter was $1.3 billion, with full-year adjusted free cash flow at $4.9 billion[4][11]. - Adjusted free cash flow for the year ended December 31, 2024, was $4.877 billion, compared to $6.294 billion in 2023[50]. - The forecast for adjusted free cash flow for 2025 is estimated to be between $4.1 billion and $4.3 billion[53]. - Adjusted free cash flow conversion for 2024 was 111%, with a forecast of approximately 100% for 2025[53]. Segment Performance - The Safety and Industrial segment reported a 1.6% total sales change for Q4 2024, while the Transportation and Electronics segment experienced a decline of 4.5%[22]. - Operating income for the Safety and Industrial segment increased from $2.32 billion in 2023 to $2.49 billion in 2024, representing a growth of 7.2%[32]. - The Safety and Industrial segment reported net sales of $523 million, with an operating income margin of 19.6%[43]. - The Transportation and Electronics segment had net sales of $2,089 million, with an operating income margin of 10.5%[43]. - The Consumer segment achieved adjusted EBITDA of $275 million in Q4 2024, compared to $258 million in Q4 2023, with a margin of 22.3%[58]. Debt and Liabilities - Total assets decreased from $50.58 billion in 2023 to $39.87 billion in 2024, a decline of approximately 21.2%[17]. - The company’s total liabilities decreased from $45.71 billion in 2023 to $35.97 billion in 2024, a reduction of approximately 21.3%[17]. - The company reported a net debt of $5,300 million as of December 31, 2024, down from $10,230 million a year earlier[58]. - Total debt decreased to $13,044 million in Q4 2024 from $16,035 million in Q4 2023[58]. Future Outlook - The company expects adjusted EPS for 2025 to be in the range of $7.60 to $7.90, with adjusted organic sales growth projected at 2% to 3%[11][12]. - Full-year 2025 adjusted operating cash flow is anticipated to be between $5.2 billion and $5.3 billion, contributing to approximately 100% adjusted free cash flow conversion[11][12]. - For the full-year 2025 forecast, total company sales are expected to grow by 0.5% to 1.5%, with organic sales projected to increase by 2% to 3%[49]. - The effective tax rate for 2025 is expected to be approximately 20%[47]. Special Items and Litigation Costs - Corporate special items included net costs for significant litigation of $51 million in Q4 2024, compared to a cost of $76 million in Q4 2023[32]. - The company incurred net pre-tax cash payments of approximately $4.5 billion related to significant litigation costs in 2024, compared to $973 million in 2023[59]. - Total special items for 2023 included net costs for significant litigation amounting to $14,869 million[45]. Sales Trends - Organic sales in the Americas for the year ended December 31, 2024, were up by 0.1%, while Europe, Middle East, and Africa saw a decline of 2.3%[22]. - The Americas region saw a sales increase of 1.2% in 2024, while the Asia Pacific region reported a 0.8% increase[46]. - The United States saw a total sales change of 1.7%, with adjusted sales (non-GAAP) increasing by 2.2%[49]. - The change in value of 3M's retained ownership interest in Solventum common stock was reflected in other expense (income), net[66].

Q4 sales of $6.0 billion, up 0.1% YoY; adjusted sales of $5.8 billion with organic growth up 2.1% YoY Q4 GAAP EPS from continuing operations of $1.33, up 17% YoY; adjusted EPS from continuing operations of $1.68, down 2% YoY Full-year sales of $24.6 billion, down 0.1% YoY; adjusted sales of $23.6 billion with organic growth of 1.2% YoY Full-year GAAP EPS from continuing operations of $7.26; adjusted EPS from continuing operations of $7.30, up 21% YoY Full-year operating cash flow of $1.8 billion with adjus ...

NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global noise detection and monitoring market size is estimated to grow by USD 638.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 6.2% during the forecast period. Increased number of new product launches is driving market growth, with a trend towards integration of wireless connectivity in noise detection and monitoring devices. However, data privacy and security conce ...

3M Company (MMM) is scheduled to release fourth-quarter 2024 results on Jan. 21, before market open. The Zacks Consensus Estimate for earnings is currently pegged at $1.66 per share on revenues of $5.79 billion.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Fourth-quarter earnings estimates have been revised upward by a penny over the past seven days. However, the bottom-line projection indicates a decrease of 31.4% from the year-ago number. The Zacks Consensus Estimate for quarter ...

Core Viewpoint - 3M's stock is experiencing a rebound from its lows, indicating potential undervaluation despite the recovery [1] Group 1 - The stock prices referenced were from the afternoon of January 13, 2025, and the video discussing this was published on January 15, 2025 [1]

Core Insights - Analysts project that 3M (MMM) will report quarterly earnings of $1.66 per share, reflecting a year-over-year decline of 31.4% [1] - Revenue is expected to reach $5.79 billion, down 27.7% from the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 4.5%, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Metrics Projections - Estimated 'Net Sales- Safety and Industrial' is projected at $2.67 billion, showing a year-over-year increase of 0.4% [5] - 'Net Sales- Consumer' is expected to reach $1.24 billion, reflecting a 0.9% increase from the prior-year quarter [5] - 'Net Sales- Transportation and Electronics' is forecasted at $1.79 billion, indicating a year-over-year change of 1.1% [5] Operating Income Estimates - 'Operating Income (non-GAAP measures)- Consumer' is expected to be $217.98 million, slightly down from $221 million a year ago [6] - 'Operating Income (non-GAAP measures)- Transportation and Electronics' is forecasted at $389.67 million, compared to $370 million from the previous year [6] - 'Operating Income (non-GAAP measures)- Safety and Industrial' is projected to reach $570.25 million, up from $524 million a year ago [7] Stock Performance - 3M shares have increased by 7.2% over the past month, contrasting with the Zacks S&P 500 composite's decline of 3.3% [7] - With a Zacks Rank of 4 (Sell), 3M is expected to underperform the overall market in the near term [7]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends 3M. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...