3M sales increase 0.4% YOY
3M reported third quarter sales of $6.3 billion, a 0.4 increase year over year.
"The 3M team delivered another quarter of strong operational execution, resulting in a double-digit increase in adjusted earnings along with solid adjusted free cash flow generation," said CEO William Brown. "Our ongoing execution positions us well to deliver a strong finish to the year. I am confident that our work on advancing our three priorities – organic growth, operational excellence, and capital deployment – will deliver long-term value creation for our shareholders."
Highlights:
- Sales of $6.3 billion, up 0.4% YoY
- Adjusted sales of $6.1 billion with organic growth up 1.0% YoY
- GAAP EPS from continuing operations of $2.48, up 154% YoY
- Adjusted EPS from continuing operations of $1.98, up 18% YoY
- Operating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billion
- Updating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30
More details available here.
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about Kurz Industrial Solutions. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Hockett, as well as interviews with numerous product and distribution industry experts.
