3M Intraday Rise 5%, Q3 Earnings Beat And Full-Year Adjusted EPS Outlook Was Raised Again

Market Focus
Oct 20

On October 20, 3M rose over 5% in Regular Trading. The move followed a clear earnings-driven catalyst: 3M reported third-quarter adjusted EPS of $2.50, above market expectations near $2.38 to $2.39, and lifted its full-year adjusted EPS guidance to $9.10-$9.15 from $8.80-$8.95.

Quarterly net sales were about $6.58 billion to $6.60 billion, roughly in line with but slightly below consensus in some reports, while profitability improved materially. Adjusted operating margin reached 26.2%, up 110 basis points, and GAAP EPS rose to $2.63. The company also indicated adjusted organic sales growth of more than 3.5% for the full year and adjusted free cash flow of about $4.8 billion, reinforcing the market's positive reaction despite earlier intraday volatility.

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