3M Stock Surges on Q4 Earnings Beat
Marcus LeeTuesday, Jan 21, 2025 10:17 am ET
1min read3M Co. (NYSE: MMM) shares surged on Tuesday, January 21, after the company reported better-than-expected fourth-quarter earnings and provided its 2025 financial guidance. The stock rose 3.3% early in the day, following the release of the company's results.
3M reported net sales of $6.01 billion for the fourth quarter, up 0.1% year-over-year (YoY), and adjusted net sales of $5.808 billion, up 2.2% YoY. Adjusted earnings per share (EPS) came in at $1.68, down 2% YoY but beating the consensus estimate of $1.66. The company's adjusted operating income margin contracted by 17 basis points to 19.7%, with adjusted business segment operating income of $1.14 billion, up 1.3% YoY.
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