3M sees Q1 EPS ‘slightly better’ than previously expected

Sees “a little more pressure” this year in Q1. Says saw “good trends” continue until the end of February, says February was up y/y in terms of orders across the businesses. Says backlog from beginning of year up mid-single digits. Says seeing “good” order pattern, says started year anticipating some challenges. Says sales will be “a bit light” this quarter, EPS should be slightly better than previously expected. Says margins will be “a little bit better,” revenue “a little bit lighter” than expected, probably more int he 1%-1.5% organic as opposed to “two handle.” Comments taken from the J.P. Morgan 2025 Industrials Conference.