3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum Spin

Company delivers strong first quarter results: Sales of $8.0 billion, down 0.3% YoY; adjusted sales of$ 7.7 billion with organic growth up ~1% YoY GAAP earnings per share of $1.67, down 5% YoY; adjusted earnings of$ 2.39, up double digits YoY Successfully completed the spin of Solventum on April 1st Finalized legal settlements for Public Water Suppliers and Combat Arms Earplugs Initiates guidance on a continuing operations basis and updates capital allocation framework Named William "Bill" Brown as CEO e ...