3M Full-Year Report 2023
- GAAP earnings per share of $1.70 and operating margin of 15.5%.
- Adjusted EPS of $2.42 includes pre-tax restructuring related net charges of $109 million, or negative $0.17 per share.
- Adjusted EPS up 11 percent year-on-year.
- Adjusted operating income margin of 20.9% includes a 1.4 percentage point headwind from restructuring related net charges.
- Adjusted operating income margin expanded 1.8 percentage points year-on-year.
- Sales of $8.0 billion, down 0.8 percent year-on-year, with organic sales decline of 1.9 percent year-on-year.
- Adjusted sales of $7.7 billion, down 0.3 percent year-on-year with adjusted organic sales decline of 1.4 percent year-on-year.
- Operating cash flow of $2.0 billion, up 3 percent year-on-year; adjusted free cash flow of $2.0 billion, up 18 percent year-on-year.
- 3M returned $828 million to shareholders via dividends.
