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 ...

3M (MMM -0.32%) stock is rebounding off the lows, but that doesn't mean it cannot be undervalued.*Stock prices used were the afternoon prices of Jan. 13, 2025. The video was published on Jan. 15, 2025. ...

Analysts on Wall Street project that 3M (MMM) will announce quarterly earnings of $1.66 per share in its forthcoming report, representing a decline of 31.4% year over year. Revenues are projected to reach $5.79 billion, declining 27.7% from the same quarter last year.Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the ...

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. ...

3M and Discovery Education open submissions to the 2025 Young Scientist ChallengeST. PAUL, Minn. and CHARLOTTE, N.C., Jan. 14, 2025 /PRNewswire/ -- 3M (@3M) and Discovery Education (@DiscoveryEd) today announced that the 2025 3M Young Scientist Challenge is now open to entries. As the nation's premier middle school science competition, the annual 3M Young Scientist Challenge invites students in grades 5-8 to compete for an exclusive mentorship with a 3M scientist, a $25,000 grand prize, and the chance to ea ...

This former Dividend King isn't out of the woods yet.3M (MMM 2.58%) was once a dependable dividend stock for conservative investors. The diversified conglomerate sold a broad range of industrial, worker safety, and consumer goods, and it was a Dividend King that consistently raised its dividend annually for more than 50 years. It's also been in the S&P 500 since the index's inception in 1957.But over the past three years, 3M's stock declined about 12% as the S&P 500 rose 25%. It struggled with sluggish sale ...

Valuation - 3M is currently trading at a forward 12-month P/E ratio of 17.13X, higher than the industry's 15.11X and its five-year median of 15.05X [1][3] - The stock is overvalued compared to its peer Carlisle Companies Incorporated, which trades at 16.46X [3] - The company's premium valuation raises concerns given its revenue declines over the past nine months [3] Price Performance - 3M stock has lost 0.2% in the past three months, outperforming the industry's 14.2% decline but underperforming the S&P 500's 2.7% gain [5] - The company has also underperformed other industry players like Honeywell International Inc (1.9% return) and Griffon Corporation (6% return) [5] Challenges - Weakness in consumer retail end markets has led to a 1.2% decline in the Consumer segment in Q3 2024, following a 2.4% decrease in the previous quarter [8] - Overall revenue for the first nine months of 2024 declined 0.2% year-over-year [9] - High debt levels remain a concern, with long-term debt at $11.3 billion and interest expenses increasing 64.5% year-over-year to $939 million in the first nine months of 2024 [10] - The company's long-term debt-to-capital ratio of 70.69% is significantly higher than the industry's 25.83% [11] - Ongoing litigations, including the $6 billion Combat Arms Earplug settlement, pose additional financial risks [14] - Adverse currency fluctuations lowered sales by 0.3% year-over-year in Q3 2024 [15] Earnings Estimates - Earnings estimates for Q4 2024 and 2025 have been revised downward by 0.6% and 0.4%, respectively, over the past 30 days [16] Strengths - The Safety and Industrial segment is benefiting from strong momentum in industrial adhesives and tape end markets, driven by increased sales of bonding solutions for electronic devices [17] - The Transportation and Electronics segment is being driven by strength in commercial branding and transportation end markets, supported by solid electronics demand [18] Conclusion - 3M's market leadership, diversified product portfolio, and strong dealer network provide a competitive advantage in industrial and transportation markets [19] - However, challenges such as retail market weakness, high debt levels, and litigation cases continue to weigh on the company [19]