3M Company (NYSE: MMM), a leading manufacturer and distributor of industrial products and solutions, announced third-quarter results, reporting broadly flat revenues and an increase in adjusted profit.
- Third-quarter net sales came in at $6.3 billion, which is up 0.4% from the prior-year quarter
- The company reported adjusted sales of $6.1 billion, with organic growth of 1% year-over-year
- Earnings per share from continuing operations was $2.48 during the three months, vs. a loss of $4.56 per share in Q3 2023
- On an adjusted basis, earnings from continuing operations climbed 18% annually to $1.98 per share in Q3
- The company generated an operating cash flow of (-)$1.8 billion and an adjusted free cash flow of $1.5 billion in the September quarter
- It raised full-year 2024 guidance for earnings per share from continuing operations to $7.20-$7.30 from the earlier outlook of $7.0-$7.30
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Kimberly-Clark’s (KMB) Q3 2024 earnings results
Kimberly-Clark Corporation (NYSE: KMB) reported third quarter 2024 earnings results today. Net sales of $5 billion were down 4% year-over-year. Organic sales grew 1%. Net income attributable to Kimberly-Clark Corporation
Infographic: Key highlights from Philip Morris’ (PM) Q3 2024 earnings results
Philip Morris International Inc. (NYSE: PM) reported third quarter 2024 earnings results today. Net revenues grew 8.4% year-over-year to $9.9 billion. Organic revenue growth was 11.6%. Net earnings attributable to
LMT Earnings: A snapshot of Lockheed Martin’s Q3 2024 financial results
Lockheed Martin Corporation (NYSE: LMT) Tuesday reported mixed results for the third quarter of 2024. The company increased its quarterly dividend by 5%. The aerospace company reported third-quarter 2024 net