3M Stock Surges on Better-Than-Expected Results

Group 1 - 3M shares surged after the company exceeded fourth-quarter profit and sales estimates, driven by higher demand across various product lines [1][4] - Adjusted earnings per share reached $1.68, surpassing analyst expectations, while revenue increased by 0.1$6 billion, or 5.8 billion excluding "forever chemicals" [1][2] - The company attributed sales growth to broad-based demand in industrial sectors, strength in electronics and aerospace, and a strong holiday season, despite softer auto builds [2][4] Group 2 - Revenue in the Transportation & Electronics unit rose by 3.4% to 7.5 billion, supported by new product launches and market share gains [2] - The Safety & Industrial segment saw a revenue increase of 0.7% to $11 billion, driven by higher demand for roofing and industrial adhesive products [2] - The Consumer division experienced a revenue decline of 1.2$4.9 billion [2] Group 3 - 3M's restructuring program initiated in 2023, aimed at simplifying operations and improving margins, is reported to be largely complete [3][4] - Following the earnings release, 3M shares rose over 4% to $146.99, marking their highest level in three years [3]