3M Co

Latest Results (18.10.2025):

3M Co reported its second-quarter 2025 financial results, showing a modest increase in GAAP sales and significant improvements in adjusted earnings per share and operating margins. Despite a decline in GAAP earnings, the company raised its full-year EPS guidance, reflecting confidence in continued operational enhancements and strategic initiatives.

GAAP and Adjusted Sales

In the second quarter of 2025, 3M Co achieved GAAP sales of $6.3 billion, representing a 1.4% year-over-year increase. Adjusted sales reached $6.2 billion, up 2.3% with organic growth of 1.5% compared to the same period last year.

Earnings Per Share

The company reported a GAAP EPS of $1.34, a 38% decrease year-over-year. However, adjusted EPS saw a notable increase of 12%, reaching $2.16, driven by improved operational performance.

Operating Margins

3M Co's GAAP operating margin stood at 18.0%, a decline of 2.3 percentage points from the previous year. Conversely, the adjusted operating margin improved to 24.5%, up by 2.9 percentage points year-over-year.

Cash Flow and Shareholder Returns

The company reported an operating cash flow of negative $1.0 billion, primarily due to $2.2 billion in net after-tax payments for significant litigation costs. Adjusted free cash flow was $1.3 billion. Additionally, 3M returned $1.3 billion to shareholders through dividends and share repurchases.

Full-Year Guidance Update

Based on the strong first-half performance, 3M Co increased its full-year 2025 adjusted EPS guidance to a range of $7.75 to $8.00, up from the previous range of $7.60 to $7.90. This updated guidance accounts for the anticipated impact of tariffs.