3M Company (NYSE: MMM), a leading manufacturer and distributor of industrial products and solutions, on Tuesday reported an increase in sales and adjusted earnings for the third quarter of fiscal 2025.
- The company’s third-quarter sales increased 3.5% year-over-year to $ $6.5 billion; organic sales up 2.6% YoY
- At 22.2%, operating margin was up 130 bps; adjusted operating margin rose 170 basis points from last year to 24.7%
- Earnings, on a per-share basis, fell 38% year-over-year to $1.55; net income was $834 million in the September quarter, vs. $1.37 billion a year earlier
- On an adjusted basis, third-quarter earnings increased 10% year-over-year to $2.19 per share
- Operating cash flow was $1.8 billion during the quarter; the adjusted free cash flow came in at $1.3 billion
- The management raised its full-year adjusted earnings per share guidance to range from $7.95 to $8.05 from the previous outlook of $7.75-$8.00
- Full-year adjusted operating income margin is expected to expand between 180 bps and 200 bps
- During the quarter, 3M returned $0.9 billion to shareholders through dividends and share repurchases
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