Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
3M (MMM)
NYSE:MMM
Holding MMM?
Track your performance easily
Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.67Last Year’s EPS
$2.02Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -5.22%
|Next Earnings Date:Jan 28, 2025
Earnings Call Sentiment|Positive
3M demonstrated strong financial performance with significant earnings growth, operational improvements, and increased shareholder returns. However, the company faces challenges in certain market segments and operational efficiencies, particularly in forecasting and the consumer segment.Company Guidance
In the Q3 2024 earnings call, 3M provided updated guidance highlighting several key metrics. The company reported non-GAAP earnings per share of $1.98, reflecting an 18% increase on 1% organic revenue growth, and operating margins expanded by 140 basis points to 23%. Strong cash flow generation was underscored with free cash flow reported at $1.5 billion, achieving a conversion rate of 141%, and $1.1 billion was returned to shareholders via dividends and share repurchases. The firm also revised its full-year earnings guidance, raising the lower end by $0.20 to a range of $7.20 to $7.30 per share. Despite facing mixed end-market trends, 3M maintained steady performance across its business segments, with notable growth in its electronics business. The strategic focus remains on driving operational excellence and enhancing R&D productivity, targeting improved forecast accuracy and operational equipment efficiency.Strong Earnings Growth
3M reported a non-GAAP earnings per share of $1.98, up 18% year-over-year, with an overall company margin increase of 140 basis points to 23%.
Free Cash Flow and Shareholder Returns
The company generated $1.5 billion in free cash flow with a conversion of 141% and returned $1.1 billion to shareholders through dividends and share repurchases.
Operational Improvements
3M improved On-Time In Full (OTIF) delivery performance to 89%, up 5 points since the beginning of the year and 10 points above Q4 of 2022.
Electronics Business Growth
The Electronics business delivered high single-digit organic growth, benefiting from strong demand in Asia Pacific.
Raised Earnings Guidance
3M raised the lower end of its full-year earnings guidance by $0.20 to a range of $7.20 to $7.30 per share.
---
MMM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MMM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $134.13 | $131.03 | -2.31% |
| Jul 26, 2024 | $102.29 | $125.81 | +22.99% |
| Apr 30, 2024 | $90.55 | $94.83 | +4.73% |
| Jan 23, 2024 | $87.29 | $77.66 | -11.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does 3M (MMM) report earnings?
3M (MMM) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is 3M (MMM) earnings time?
3M (MMM) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMM EPS forecast?
MMM EPS forecast for the fiscal quarter 2024 (Q4) is $1.67.
---
