3M Reports First-Quarter 2025 Results

Core Viewpoint - 3M reported strong first-quarter results for 2025, highlighting positive organic sales growth, margins exceeding expectations, and significant EPS growth [2][5][6] Financial Performance - GAAP EPS from continuing operations was $2.04, a 61$1.27 [3][5] - Adjusted EPS was $1.88, reflecting a 10$1.71 [3][5][6] - GAAP operating income margin improved to 20.9%, up 180 basis points from 19.1% year-on-year [3][5] - Adjusted operating income margin reached 23.5%, an increase of 220 basis points year-on-year [3][5][6] Sales Overview - GAAP net sales were $6.0 billion, down 1.0$5.8 billion, up 0.8% year-on-year [5][7] - Organic sales decreased by 0.3% year-on-year, while adjusted organic sales increased by 1.5% year-on-year [5][7] - The sales change was influenced by a 1.0% contribution from acquisitions/divestitures and a 1.7% negative impact from translation [3][5] Cash Flow and Shareholder Returns - Operating cash flow was $(0.1) billion, with adjusted free cash flow of$0.5 billion [5][7] - 3M returned $1.7 billion to shareholders through dividends and share repurchases [7] 2025 Guidance - The company updated its 2025 guidance, projecting adjusted EPS in the range of$7.60 to $7.90, with additional tariff sensitivity impacting EPS by$(0.20) to $(0.40) [8]