3M CO SEC 10-Q Report
3M CO, a diversified technology company known for its innovative products and solutions across various industries, has released its Q3 10-Q report. The report provides a comprehensive overview of the company's financial performance and operational highlights, showcasing its resilience and strategic initiatives amidst market challenges.
Financial Highlights
Net Sales
: $5,954 million, reflecting a slight decrease from $6,016 million in the prior year, indicating a stable revenue stream despite market challenges.
Operating Income
: $1,246 million, an increase from $1,149 million in the previous year, showcasing improved operational efficiency.
Net Income Attributable to 3M
: $1,116 million, compared to $928 million in the prior year, highlighting strong profitability.
Earnings per Share — Basic
: $2.05, up from $1.67, demonstrating enhanced shareholder value.
Earnings per Share — Diluted
: $2.04, compared to $1.67, indicating consistent earnings growth.
Business Highlights
Revenue Segments
Geographical Performance
Future Outlook
The company is progressing towards exiting all PFAS manufacturing by the end of 2025, which is expected to impact operational strategies and product offerings. Additionally, restructuring actions are anticipated to continue through 2025, aiming to streamline operations and reduce costs.
SEC Filing:
3M CO [ MMM ] - 10-Q - Apr. 22, 2025