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3M | 8-K: 3M Reports Third-Quarter Results; Raises Full-Year 2024 Earnings Guidance

3M | 8-K: 3M Reports Third-Quarter Results; Raises Full-Year 2024 Earnings Guidance

3M | 8-K:300万公布第三季度业绩;上调2024年全年收益预期
美股SEC公告 ·  2024/10/22 18:38

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3M reported strong Q3 2024 results with sales of $6.3 billion, up 0.4% YoY, and GAAP EPS from continuing operations of $2.48, surging 154% YoY. Adjusted EPS rose 18% to $1.98, while adjusted operating margin improved by 1.4 percentage points to 23.0%. The company generated adjusted free cash flow of $1.5 billion.Operational execution remained robust across segments, with adjusted organic sales growing 1.0% YoY. The Transportation and Electronics segment saw adjusted organic growth of 2.0%, while Safety and Industrial's adjusted EBITDA margin reached 29.7%. The company returned $1.1 billion to shareholders through dividends and share repurchases.Based on strong year-to-date performance, 3M raised its full-year 2024 adjusted EPS guidance to $7.20-$7.30 from the previous $7.00-$7.30 range. The company expects adjusted total sales growth of approximately 1% for 2024, maintaining focus on organic growth, operational excellence, and capital deployment.
3M reported strong Q3 2024 results with sales of $6.3 billion, up 0.4% YoY, and GAAP EPS from continuing operations of $2.48, surging 154% YoY. Adjusted EPS rose 18% to $1.98, while adjusted operating margin improved by 1.4 percentage points to 23.0%. The company generated adjusted free cash flow of $1.5 billion.Operational execution remained robust across segments, with adjusted organic sales growing 1.0% YoY. The Transportation and Electronics segment saw adjusted organic growth of 2.0%, while Safety and Industrial's adjusted EBITDA margin reached 29.7%. The company returned $1.1 billion to shareholders through dividends and share repurchases.Based on strong year-to-date performance, 3M raised its full-year 2024 adjusted EPS guidance to $7.20-$7.30 from the previous $7.00-$7.30 range. The company expects adjusted total sales growth of approximately 1% for 2024, maintaining focus on organic growth, operational excellence, and capital deployment.
300万公布了强劲的2024年第三季度业绩,销售额为63亿,同比增长0.4%,持续运营的GAAP 每股收益为2.48美元,同比增长154%。经过调整的每股收益增长了18%,达到1.98美元,同时调整后的营业利润率提高了1.4个百分点,达到了23.0%。公司产生了15亿的调整后自由现金流。各个部门的运营执行依然强劲,调整后的有机销售同比增长1.0%。运输和电子部门的调整后有机增长为2.0%,而安全和工业部门的调整后息税折旧摊销前利润率达到了29.7%。公司通过分红派息和股票回购向股东返还了11亿。基于强劲的年初至今表现,300万将其2024年全年的调整后每股收益指引从之前的7.00-7.30区间上调至7.20-7.30。公司预计2024年的调整后总销售增长约为1%,继续关注有机增长、运营卓越和资本部署。
300万公布了强劲的2024年第三季度业绩,销售额为63亿,同比增长0.4%,持续运营的GAAP 每股收益为2.48美元,同比增长154%。经过调整的每股收益增长了18%,达到1.98美元,同时调整后的营业利润率提高了1.4个百分点,达到了23.0%。公司产生了15亿的调整后自由现金流。各个部门的运营执行依然强劲,调整后的有机销售同比增长1.0%。运输和电子部门的调整后有机增长为2.0%,而安全和工业部门的调整后息税折旧摊销前利润率达到了29.7%。公司通过分红派息和股票回购向股东返还了11亿。基于强劲的年初至今表现,300万将其2024年全年的调整后每股收益指引从之前的7.00-7.30区间上调至7.20-7.30。公司预计2024年的调整后总销售增长约为1%,继续关注有机增长、运营卓越和资本部署。
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