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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%