NYSE$MMM
3M · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Delivered strong second-quarter results and updated full-year 2024 earnings guidance.
3M reported sales of $6.3 billion, a slight decrease of 0.5% year-over-year. GAAP EPS from continuing operations was $2.17, up 117% year-over-year, and adjusted EPS from continuing operations was $1.93, up 39% year-over-year. The company updated its full-year 2024 adjusted EPS guidance to $7.00 to $7.30.
- GAAP EPS of $2.17 and operating margin of 20.3%.
- Adjusted EPS of $1.93, up 39% year-on-year.
- Adjusted operating income margin of 21.6%, an increase of 4.4 percentage points year-on-year.
- Sales of $6.3 billion, down 0.5% year-on-year, with organic sales down 0.3% year-on-year.
Headline financials
Revenue & EPS history
3M · Revenue · Quarterly
$6.26B
Revenue by segment
3M · $1.32B total across 1 segment · Q3 2023
- Consumer$1.32B-6.7%100.0%
Forward guidance
3M updated its full-year adjusted earnings expectations given the company’s strong operational execution in the first half of the year. The 2024 earnings outlook below reflects the continuing operations of 3M.
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 2024
-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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