3M Targets 2025 Adj. Organic Sales Growth Of 2% To 3% - Update

(RTTNews) - 3M (MMM) said, for full year 2025, the company projects: adjusted total sales growth in the range of 0.5 to 1.5 percent, reflecting adjusted organic sales growth of 2 to 3 percent. Adjusted EPS is estimated in the range of $7.60 to $7.90. Adjusted operating cash flow is anticipated to be $5.2 to $5.3 billion, contributing to approximately 100 percent adjusted free cash flow conversion.

Fourth quarter net income from continuing operations attributable to 3M was $728 million, up 14.8% from a year ago. GAAP EPS from continuing operations was $1.33 compared to $1.14. Adjusted EPS was $1.68, down 2% year-on-year. Fourth quarter sales were $6.0 billion, up 0.1% year-on-year with organic sales flat year-on-year. Adjusted sales were $5.8 billion, up 2.2% year-on-year with adjusted organic sales up 2.1% year-on-year.

Full year 2024 adjusted EPS was $7.30, up 21% from last year. Adjusted sales were $23.6 billion, with organic adjusted growth of 1.2%.

"Our fourth quarter capped a year of strong results as we returned to positive organic revenue growth in the full year," said William Brown, 3M CEO.

Shares of 3M are up 2% in pre-market trade on Tuesday.

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