3M Reports First-Quarter 2025 Results
April 28, 2025
3M has recently reported first-quarter 2025 results.
“We had strong results in the first quarter with positive organic sales growth, margins ahead of expectations and double-digit EPS growth,” said William Brown, 3M Chairman and Chief Executive Officer. “In this dynamic environment we remain focused on improving the fundamentals in the business, building a new performance culture and advancing our strategic priorities while leveraging our extensive global network and significant U.S. footprint. I want to thank the 3M team for their hard work, dedication, and relentless focus on improving every day.”
First-quarter highlights:
| Q1 2025 | Q1 2024 | |
| GAAP EPS from continuing operations (GAAP EPS) | $ 2.04 | $ 1.27 |
| Special items: | ||
| Net costs for significant litigation | 0.41 | 0.44 |
| (Increase) decrease in value of Solventum ownership | (0.63) | — |
| Manufactured PFAS products | 0.06 | — |
| Adjusted EPS from continuing operations (adjusted EPS) | $ 1.88 | $ 1.71 |
| Memo: | ||
| GAAP operating income margin | 20.9 % | 19.1 % |
| Adjusted operating income margin | 23.5 % | 21.3 % |
- GAAP EPS of $2.04 and operating margin of 20.9%.
- Adjusted EPS of $1.88, up 10% year-on-year.
- Adjusted operating income margin of 23.5%, an increase of 2.2 percentage points year-on-year.
| GAAP | Adjusted (non-GAAP) | |
| Net sales (billions) | $6.0 | $5.8 |
| Sales change | ||
| Total sales | (1.0) % | 0.8 % |
| Components of sales change: | ||
| Organic sales | (0.3) | 1.5 |
| Acquisitions/divestitures | 1.0 | 1.0 |
| Translation | (1.7) | (1.7) |
Adjusted sales excludes manufactured PFAS products.
- Sales of $6.0 billion, down 1.0% year-on-year with organic sales down 0.3% year-on-year.
- Adjusted sales of $5.8 billion, up 0.8% year-on-year with adjusted organic sales up 1.5% year-on-year.
- 3M returned $1.7 billion to shareholders via dividends and share repurchases.
- Cash from operations of $(0.1) billion.
- Adjusted free cash flow of $0.5 billion.
This document includes reference to certain non-GAAP measures. See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information.
Update on 2025 guidance
- Adjusted EPS1 in the range of $7.60 to $7.90, and additional tariff sensitivity of $(0.20) to $(0.40) per share.
1As further discussed at 5 within the “Supplemental Financial Information Non-GAAP Measures” sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.
Conference call
3M will conduct an investor teleconference at 9 a.m. ET (8 a.m. CT) today. Investors can access this conference via the following:
- Live webcast at https://investors.3M.com
- Webcast replay at https://investors.3m.com/financials/quarterly-earnings
Consolidated financial statements and supplemental financial information non-GAAP measures
View the Financial Statement Information on 3M’s website: https://investors.3m.com/financials/quarterly-earnings
