Overview
- In the second quarter, 3M reported $6.3 billion in revenue and $2.16 in adjusted earnings per share, topping Visible Alpha forecasts.
- The company lifted its full-year adjusted EPS guidance to $7.75–8.00 from $7.60–7.90, factoring in a 20-cent drag from tariffs.
- CEO William Brown said all three business segments delivered organic sales growth for the third consecutive quarter.
- 3M expects about 90 percent of its tariff-related profit impact to occur in the second half of the year.
- Shares of 3M have climbed nearly 25 percent year-to-date and held steady at the market open following the earnings release.