10:20 AM EDT, 07/18/2025 (MT Newswires) -- 3M ( MMM ) lifted its full-year earnings outlook on Friday as the industrial conglomerate recorded second-quarter results above Wall Street's estimates.

The company now expects adjusted earnings to be in a range of $7.75 to $8 per share for 2025, up from its previous projection for $7.60 to $7.90. The revised guidance includes the impact of tariffs, which are set to be a gross and net headwind on earnings of around $0.20 and $0.10 a share, respectively, 3M ( MMM ) said in an earnings presentation. The current consensus on FactSet is for EPS of $7.71.

"With execution improving and solid results in the first half, we have confidence in our increased full-year EPS guidance, which now embeds the expected impact of tariffs," Chief Executive William Brown said in a statement.

Sales are anticipated to grow about 2.5% on an adjusted basis for the ongoing year, reflecting adjusted organic sales growth of roughly 2%. The company previously forecast organic sales to rise at the lower end of a 2% to 3% growth range, according to the presentation.

For the June quarter, 3M's ( MMM ) adjusted EPS advanced to $2.16 from $1.93 the year before, topping the Street's view for $2.01. Adjusted sales increased 2.3% to $6.16 billion, just ahead of the average analyst estimate of $6.12 billion. On a GAAP basis, revenue inclined 1.4%.

"We delivered strong results in the second quarter, posting positive organic sales growth and double-digit EPS growth," according to Brown. "This continues our trend from (the first quarter) with all three business groups growing organically for the third quarter in a row."

Revenue in the safety and industrial segment rose to $2.86 billion from $2.76 billion in the prior-year quarter, while transportation and electronics ticked down to $2.13 billion from $2.14 billion. Consumer sales edged higher to $1.27 billion from $1.26 billion.

The company recorded sales growth in Asia Pacific and Europe, the Middle East and Africa, while revenue remained flat in the Americas. Operating expenses rose to $5.2 billion from $4.98 billion last year.

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