NYSE$MMM
3M · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
3M delivered strong Q2 2021 performance with organic growth across all business groups and geographic areas, along with increased earnings and robust cash flow.
3M reported strong second-quarter results with sales growing 24.7% year-on-year to $8.9 billion. Both GAAP and adjusted earnings were $2.59 per share. Second quarter operating income was $2.0 billion. The company updated its guidance for full-year 2021.
- Sales grew 24.7 percent year-on-year to $8.9 billion.
- Organic local-currency sales increased 21.4 percent.
- Both second-quarter GAAP and adjusted earnings were $2.59 per share.
- Second quarter operating income was $2.0 billion with operating margins of 22.0 percent.
Headline financials
Revenue & EPS history
3M · Revenue · Quarterly
$8.95B
Revenue by segment
3M · $1.32B total across 1 segment · Q3 2023
- Consumer$1.32B-6.7%100.0%
Forward guidance
3M updated its guidance for full-year 2021. The company expects reported total sales growth of 7 to 10 percent with organic local-currency sales growth in the range of 6 to 9 percent. 3M now forecasts earnings in the range of $9.70 to $10.10 per share. The company expects full-year free cash flow conversion to be in the range of 90 to 100 percent.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.0%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.2%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+21.1%
Q2 2024
Best reaction
-13.7%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | -3.6% | -0.1% | |
| Q4 2025 | -7.0% | -3.1% | -1.6% | |
| Q3 2025 | +7.9% | +8.9% | +6.4% | |
| Q2 2025 | -2.2% | -3.7% | -1.5% | |
| Q1 2025 | +8.1% | +8.9% | +18.8% | |
| Q4 2024 | +5.7% | +6.0% | +5.7% | |
| Q3 2024 | -5.1% | -7.5% | -5.6% | |
| Q2 2024 | +21.1% | +23.4% | +26.3% | |
| Q1 2024 | +6.8% | +5.4% | +6.6% | |
| Q4 2023 | -13.7% | -11.1% | -14.6% | |
| Q3 2023 | +4.4% | +2.2% | +11.4% | |
| Q2 2023 | +8.0% | +7.3% | -5.5% | |
| Q1 2023 | -2.0% | +1.1% | -7.6% | |
| Q4 2022 | -7.9% | -4.6% | -10.6% | |
| Q3 2022 | +3.7% | +6.9% | +8.1% | |
| Q2 2022 | +3.5% | +6.8% | +6.4% | |
| Q1 2022 | -3.0% | -2.9% | -1.0% | |
| Q4 2021 | -2.0% | -2.6% | -11.8% | |
| Q3 2021 | -2.3% | -2.0% | -2.6% | |
| Q2 2021 | -1.7% | -1.8% | -3.1% | |
| Q1 2021 | -1.9% | -1.2% | +1.8% | |
| Q4 2020 | +9.5% | +3.1% | +4.9% | |
| Q3 2020 | -4.6% | -3.7% | +6.6% | |
| Q2 2020 | -4.3% | -7.8% | +0.5% | |
| Q1 2020 | +1.7% | -3.3% | +2.1% | |
| Q4 2019 | -7.8% | -9.7% | -14.5% | |
| Q3 2019 | -1.6% | +0.0% | -0.7% | |
| Q2 2019 | -3.0% | -1.0% | -13.1% | |
| Q1 2019 | -12.5% | -13.5% | -24.2% | |
| Q4 2018 | +3.1% | +3.1% | +7.3% | |
| Q3 2018 | -8.4% | -8.1% | -1.3% | |
| Q2 2018 | +2.8% | +4.3% | +2.0% | |
| Q1 2018 | -7.9% | -9.2% | -7.6% | |
| Q4 2017 | +4.4% | +1.6% | -4.3% | |
| Q3 2017 | +7.3% | +6.0% | +4.5% | |
| Q2 2017 | -5.2% | -4.9% | -3.8% | |
| Q1 2017 | +0.4% | +0.8% | +2.7% | |
| Q4 2016 | -1.0% | -0.6% | +4.9% | |
| Q3 2016 | -2.8% | -3.2% | +0.6% | |
| Q2 2016 | -0.8% | -0.7% | -0.0% | |
| Q1 2016 | -0.4% | — | — | |
| Q4 2015 | +5.8% | — | — | |
| Q3 2015 | +4.0% | — | — | |
| Q2 2015 | -3.9% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | +6.9% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | -1.6% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | -4.5% | — | — | |
| Q2 2012 | +3.3% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +1.6% | — | — | |
| Q2 2011 | -4.0% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2009 | -3.9% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q4 2007 | +1.2% | — | — | |
| Q3 2009 | -1.6% | — | — | |
| Q3 2008 | -1.6% | — | — | |
| Q4 2008 | +3.2% | — | — | |
| Q2 2009 | +3.2% | — | — | |
| Q2 2008 | +3.2% | — | — |
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