3M Exceeds Q4 Revenue Forecasts, Faces 2025 Challenges
3M Exceeds Q4 Revenue Forecasts, Faces 2025 Challenges

3M Exceeds Q4 Revenue Forecasts, Faces 2025 Challenges

News summary

3M Co. reported a strong fourth-quarter performance, beating Wall Street's revenue expectations with a 5.8% increase year-over-year, totaling $6.01 billion, and achieving a non-GAAP profit of $1.68 per share, which is 9.3% above analyst estimates. The company's stock rose over 3% in early trading. Despite the promising quarter, 3M's operating and free cash flow margins have decreased, and its adjusted profit guidance for 2025 slightly missed analyst forecasts. The company expects to benefit from a restructuring effort aimed at optimizing operations and focusing on higher-margin products. CEO William Brown expressed optimism about returning to positive organic revenue growth and advancing his turnaround plan.

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