3MNYSE: MMM

Are there finally indications of progress at 3M?

On Tuesday, 3M (MMM) saw its stock prices drop because two of its business divisions reported a decrease in sales.

3M Company has shown a remarkable recovery with significant earnings growth and better profit margins, making it a possible long-term dividend payer despite previous challenges. The company is concentrating on innovation, especially in fast-growing areas like automotive and electronics, which helps speed up product development and improve efficiency. Strong free cash flow allows 3M to continue rewarding its shareholders with dividends and buybacks, even after reducing its dividend, indicating solid earnings quality.

The 3M Company (NYSE:MMM) will hold its Q3 2024 Earnings Call on October 22, 2024, at 9:00 AM ET. Key participants from the company include Bruce Jermeland, Bill Brown, and Anurag Maheshwari. Various analysts from different financial institutions will also be joining the call.

In its third-quarter results for 2024, 3M announced a revenue increase of 0.4% compared to the same period last year.

Sales reached $6.3 billion, showing a 0.4% increase compared to last year. Adjusted sales were $6.1 billion, with organic growth at 1.0% year-over-year. The GAAP EPS from ongoing operations was $2.48, a rise of 154% from the previous year, while the adjusted EPS was $1.98, up 18% year-over-year.

3M Company (MMM) is set to announce its earnings for the third quarter on Tuesday, October 22, before the market opens.

3M (NYSE: MMM), a large industrial company recognized for its various products like adhesives and safety gear, will announce its earnings for the third quarter of 2024 on October 22, before the market starts.

Fort Collins, CO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- In the last two months, the Colorado-Wyoming Climate Resilience Engine has been working to find and support innovative climate resilience projects in the area. They recently started their first round of funding for Research and Development and Translation/Startup projects, backed by the U.S. National Science Foundation (NSF) Regional Innovation Engines program. Many interdisciplinary teams from top universities and startups in the region responded to the Engine's call for proposals, offering a wide variety of climate resilience solutions.