For the third quarter of 2024, 3M reported sales of $6.3 billion, up 0.4% year-on-year, with organic sales down 0.1% year-on-year. The company’s adjusted sales were $6.1 billion, up 1.5% year-on-year with adjusted organic sales up 1.0% year-on-year. 3M reported an adjusted EPS of $1.98, up 18% year-on-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 William Brown, 3M chief executive officer. "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."

Looking forward, the company stated that, because of its strong year-to-date performance, it is raising its full-year adjusted earnings expectations. The company adjusted its expected total sales growth to approximately 1% and its organic sales growth to also approximately 1%. Adjusted EPS is now $7.20 to $7.30. 

Learn more about 3M at www.3m.com.