3M Company (NYSE: MMM), a leading manufacturer and distributor of industrial products and solutions, Tuesday announced first-quarter results, reporting an increase in adjusted profit and flat sales.
- First-quarter sales remained broadly unchanged year-over-year at $8.0 billion, organic sales grew around 1% YoY
- Earnings, on a per-share basis, decreased 5% annually to $1.67 in Q1; adjusted earnings climbed 21% to $2.39 per share
- Adjusted operating income margin was 21.9%, an increase of 4 percentage points year-on-year
- 3M generated operating cash flow of $0.8 billion in Q1; adjusted free cash flow was $0.8 billion
- During the quarter, around $835 million was returned to shareholders in the form of dividends
- Recently, the company completed the spin-off of its healthcare business Solventum
- It has named William Brown as CEO effective May 1st; Mike Roman will become Executive Chairman
Most Popular
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
