3M Reports Q4 2024 Earnings, Exceeds Expectations

3M reported steady performance in Q4 2024, with adjusted earnings per share of $1.68 and total sales of $6.0 billion, marking a slight year-over-year increase of 0.1%. The company achieved adjusted organic sales growth of 2.1%, driven by strong demand in the Health Care and Safety and Industrial sectors, while Transportation and Electronics experienced moderate growth. CEO William Brown highlighted the company's strategic focus on operational efficiency and portfolio adjustments, which helped return $3.8 billion to shareholders in 2024. For 2025, 3M anticipates adjusted EPS between $7.60 and $7.90, with sales growth projected at 0.5% to 1.5%. The company's stock has seen significant gains over the past year, reflecting investor confidence in its recovery and growth strategies. Overall, 3M is positioned for a solid 2025 with a focus on innovation and higher-margin opportunities.