3M Reports Strong Q4 Results, Stock Hits Three-Year High

The company exceeded earnings expectations, completed restructuring efforts, and projected organic sales growth for 2025.

3M's Q4 2024 adjusted earnings per share were $1.68, surpassing analyst estimates, with revenue reaching $6.01 billion.
The company credited growth to strong performance in its Transportation & Electronics and Safety & Industrial segments, despite a slight decline in the Consumer division.
3M completed a major restructuring initiative launched in 2023, which included cutting 12% of its workforce and consolidating global operations.
CEO Bill Brown announced a 2025 guidance of 2-3% organic sales growth and emphasized a focus on improving operational efficiency and innovation.
Shares of 3M surged over 4% following the announcement, reaching their highest price in three years at $147.