MW 3M's stock rallies toward a 4-year high after an earnings beat and raised outlook

Shares of 3M Co. $(MMM.AU)$ rallied 2.5% in premarket trading Friday, toward a fresh four-year high, after the maker of Post-it Notes, Scotch tape and Command strips reported second-quarter results that exceeded expectations and raised its full-year outlook, as strength in adhesives, home improvement and electrical markets offset weakness in autos.

Adjusted earnings per share, which excludes nonrecurring items, rose to $2.16 from $1.93 in the same period a year ago, and beat the FactSet EPS consensus of $2.01.

Adjusted sales grew 2.3% to $6.2 billion, the highest sales amount in five quarter, and above the FactSet consensus of $6.12 billion, amid

For 2025, the company raised is guidance range for adjusted EPS to $7.75 to $8, including expected impacts from tariffs, from $7.60 to $7.90.

The stock has run up 23.2% in 2025 to close Thursday at the highest price since Sept. 3, 2021. In comparison, the Dow Jones Industrial Average, of which the stock is a component, has gained 4.6% this year.

(This is breaking news. Check back for updates.)

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 18, 2025 06:41 ET (10:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.