3M Guides FY Adjusted EPS to $8.80-$8.95, Above Consensus
MMM sits 16% above its 52-week low of $139.34.
Summary
3M issued FY adjusted EPS guidance of $8.80-$8.95, exceeding the $8.72 consensus, marking its first full-year earnings target. The company also sees 2026 adjusted organic sales growth topping 3.5%, adjusted operating cash flow of $5.8B-$6B, and adjusted operating income margin expansion of 70-80 basis points. This guidance follows a mixed Q1 where GAAP EPS fell 40% due to litigation and Solventum impacts, but implies confidence in a second-half acceleration. 3M lifted its annual profit forecast as its industrial unit remains resilient, and Q2 income rose. Overhangs include the Australian government's $1.4B lawsuit and ongoing PFAS liabilities, though the EPS range suggests strengthening core operations.
At the time of this announcement, MMM was trading at $161.16 on NYSE in the Manufacturing sector, with a market capitalization of approximately $83B. The 52-week trading range was $139.34 to $177.41. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.