3M (MMM) has provided its projections for the full year 2025, anticipating an adjusted total sales growth ranging between 0.5% and 1.5%, which reflects an adjusted organic sales increase of 2% to 3%. The company estimates its adjusted earnings per share (EPS) will fall between $7.60 and $7.90. Furthermore, 3M expects its adjusted operating cash flow to reach between $5.2 billion and $5.3 billion, resulting in approximately a 100% conversion to adjusted free cash flow.
For the fourth quarter, 3M reported a net income of $728 million from continuing operations attributable to the company, representing a 14.8% increase from the previous year. The GAAP EPS for continuing operations was $1.33, compared to $1.14 the prior year. However, the adjusted EPS was $1.68, marking a 2% decline year-on-year. Fourth quarter sales were $6.0 billion, reflecting a marginal 0.1% increase over the previous year, with organic sales remaining flat. However, adjusted sales amounted to $5.8 billion, up by 2.2% year-on-year, with adjusted organic sales growing by 2.1%.
Throughout 2024, the company's adjusted EPS reached $7.30, which is a 21% rise from the previous year. The adjusted sales totaled $23.6 billion, with an organic adjusted growth rate of 1.2%.
"Our impressive fourth-quarter performance concluded a successful year where we achieved a return to positive organic revenue growth," commented William Brown, CEO of 3M.
Pre-market trading on Tuesday showed an increase of 2% in 3M's share price.
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