3M Shares Jump After Strong Earnings Beat and Upgraded Full-Year Outlook

Core Insights - 3M Company reported third-quarter earnings that exceeded analyst forecasts, with shares rising over 4% in intra-day trading [1] - The company raised its full-year profit guidance due to improved margins [1] Financial Performance - Adjusted earnings for the quarter were $2.19 per share, surpassing the consensus estimate of $2.07 [1] - Revenue increased by 4.1% year-over-year to $6.3 billion, slightly above Wall Street expectations of $6.25 billion [1] - Organic sales grew by 3.2% compared to the previous year [1] Profitability Metrics - Adjusted operating margin expanded by 170 basis points to 24.7%, attributed to operational efficiencies and cost controls [2] - This margin growth resulted in a 10% increase in adjusted earnings per share from the previous year [2] Future Outlook - 3M raised its full-year 2025 adjusted EPS forecast to a range of $7.95 to $8.05, up from the prior outlook of $7.75 to $8.00 [3] - The new midpoint of $8.00 exceeds the analyst consensus of $7.93 [3] - The company anticipates full-year adjusted operating margin expansion of 180 to 200 basis points [3] - Management indicated that the results reflect strong execution across core businesses and ongoing improvements in pricing and productivity initiatives [3]