Loading...
Market
What will be 3M's Q4 2024 organic sales growth percentage?
3
Resolution / Starting Odds
< 0% • 25%
0% to 0.5% • 25%
0.6% to 1% • 25%
> 1% • 25%
3M's Q4 2024 earnings report
Story
3M Lifts Profit Forecast Amid Demand Recovery; Q3 Adjusted EPS Hits $1.98, Revenue $6.29 Billion
Oct 22, 2024, 10:45 AM
3M reported its third-quarter 2024 earnings, announcing GAAP earnings per share (EPS) from continuing operations of $2.48, up 154% year-over-year. The adjusted EPS from continuing operations was $1.98, surpassing analysts' estimates of $1.91 and representing an 18% increase year-over-year. The company recorded net sales of $6.29 billion, up from $5.59 billion in the prior year, with organic sales growth of 1%. Despite reporting an operating cash flow of negative $1.8 billion, 3M raised the lower end of its full-year adjusted EPS guidance to a range of $7.20 to $7.30 from the previous guidance of $7.00 to $7.30, citing a recovery in demand. The company also updated its forecast for full-year adjusted total sales growth to approximately 1%, compared to its previous guidance range of a 0.25% decline to a 1.75% increase.
View original story
Similar markets
Above $6.5 billion • 25%
$6.0 billion to $6.5 billion • 25%
$5.5 billion to $6.0 billion • 25%
Below $5.5 billion • 25%
Above $7.30 • 25%
$7.00 to $7.30 • 25%
$6.80 to $7.00 • 25%
Below $6.80 • 25%
Below 9.5% • 25%
9.5% - 9.6% • 25%
9.7% - 9.8% • 25%
9.9% - 10.0% • 25%
Negative growth • 25%
0% to 1% • 25%
1% to 2% • 25%
Above 2% • 25%
Below 1% • 25%
1% - 2% • 25%
2% - 3% • 25%
Above 3% • 25%
Increase by more than 5% • 25%
Increase by 0% to 5% • 25%
Decrease by 0% to 5% • 25%
Decrease by more than 5% • 25%
0% to 1% • 25%
1% to 2% • 25%
2% to 3% • 25%
More than 3% • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Increase by more than 2% • 25%
Increase by 0-2% • 25%
Decrease by 0-2% • 25%
Decrease by more than 2% • 25%
< 5% • 25%
5% - 10% • 25%
10% - 15% • 25%
> 15% • 25%
5.7% to 6.2% • 25%
Less than 5.7% • 25%
More than 6.2% • 25%
Other • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%