NYSE$MMM
3M · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported positive organic sales growth with sequential improvement across businesses and geographies.
3M reported Q3 2020 results with sales growing 4.5 percent year-on-year to $8.4 billion. Organic local-currency sales grew 0.9 percent. Both GAAP and adjusted earnings were $2.43 per share. Operating income was $1.9 billion with operating margins of 22.9 percent. The company’s operating cash flow was $2.5 billion with adjusted free cash flow of $2.2 billion.
- Returned to positive organic sales growth with sequential improvement across businesses and geographies.
- Posted another quarter of robust cash flow.
- Aggressively managed costs and further strengthened balance sheet.
- Continue to take actions to transform 3M and position to deliver strong results as end markets recover.
Headline financials
Revenue & EPS history
3M · Revenue · Quarterly
$8.35B
Revenue by segment
3M · $1.32B total across 1 segment · Q3 2023
- Consumer$1.32B-6.7%100.0%
Forward guidance
Due to the continued evolving and uncertain impact of the COVID-19 pandemic, 3M is not able to estimate the full duration, magnitude and pace of recovery across its diverse end markets with reasonable accuracy. Therefore, 3M continues to believe it is prudent to not provide guidance.
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 Q3 2020
-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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