3M Half-Year Report 2024

“We delivered another strong quarter with adjusted earnings growth up double-digits and robust cash generation. I want to thank 3M employees for their exceptional execution, which we expect to continue in the second half of the year,” said William Brown, 3M Chief Executive Officer. “As I look ahead, I am focused on three priorities: driving sustained organic revenue growth, increasing operational performance, and effectively deploying capital. I have long admired 3M’s track record of innovation and am excited to be leading this great company and by the opportunities ahead.”

Highlights

• Sales of $6.3 billion, down 0.5% YoY
• Adjusted sales of $6.0 billion with organic growth up 1.2% YoY
• GAAP EPS from continuing operations of $2.17, up 117% YoY
• Adjusted EPS from continuing operations of $1.93, up 39% YoY
• Operating cash flow of $1.0 billion with adjusted free cash flow of $1.2 billion
• Updates full-year 2024 adjusted EPS from continuing operations to $7.00 to $7.30 from $6.80 to $7.30