Overview

* 3M ( MMM ) Q3 adjusted sales of $6.3 bln beat analyst expectations

* Adjusted EPS for Q3 rises 10% yr/yr, beating analyst estimates

* 3M ( MMM ) raises full-year EPS guidance to $7.95-$8.05

Outlook

* 3M ( MMM ) raises 2025 adjusted EPS guidance to $7.95-$8.05

* Company expects adjusted sales growth of over 2.5% for 2025

* 3M ( MMM ) projects 2025 adjusted operating cash flow of $5.2 bln-$5.4 bln

Result Drivers

* ORGANIC GROWTH - 3M ( MMM ) attributes 3.2% organic sales growth to focus on reinvigorating top-line growth

* MARGIN IMPROVEMENT - Adjusted operating margin increased by 170 bps due to operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales $6.5 bln

Q3 Beat $6.3 bln $6.24

Adjusted bln (10

Sales Analysts

)

Q3 Beat $2.19 $2.07

Adjusted (12

EPS Analysts

)

Q3 EPS $1.55

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

* Wall Street's median 12-month price target for 3M Co ( MMM ) is $170.00, about 9% above its October 20 closing price of $154.78

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)