Sub-Total: $0.00
3M announces Q2 2025 Results
20 July 2025
GAAP sales of $6.3 billion, up 1.4%; operating margin 18.0%, down (230) bps; EPS of $1.34, down 38%, all YoY
- Adjusted sales of $6.2 billion with organic growth of 1.5% YoY
- Adjusted operating margin of 24.5%, up 290 bps YoY
- Adjusted EPS of $2.16, up 12% YoY
- Operating cash flow of $(1.0) billion with adjusted free cash flow of $1.3 billion
- 2025 adjusted EPS guidance increased from $7.60 – $7.90 to $7.75 – $8.00, including the impact of tariffs
“We delivered strong results in the second quarter, posting positive organic sales growth and double-digit EPS growth,” said William Brown, 3M Chairman and CEO. “This continues our trend from Q1 with all three business groups growing organically for the third quarter in a row. Our 3M eXcellence operating model is the foundation for delivering on each of our strategic priorities, and it drives the operating rigor and rhythm of our performance culture. With execution improving and solid results in the first half, we have confidence in our increased full- year EPS guidance, which now embeds the expected impact of tariffs.”
Second-quarter highlights:
|
|
Q2 2025 |
|
Q2 2024 |
|
|
GAAP EPS from continuing operations (GAAP EPS) |
|
$ 1.34 |
|
$ 2.17 |
|
Special items: |
|
|
|
|
|
Net costs for significant litigation |
|
0.79 |
|
0.44 |
|
(Increase) decrease in value of Solventum ownership |
|
0.01 |
|
(2.00) |
|
Pension risk transfer charge |
|
— |
|
1.09 |
|
Manufactured PFAS products |
|
0.02 |
|
— |
|
Divestiture costs |
|
— |
|
0.23 |
|
Adjusted EPS from continuing operations (adjusted EPS) |
|
$ 2.16 |
|
$ 1.93 |
|
Memo: |
|
|
|
|
|
GAAP operating income margin |
|
18.0 % |
|
20.3 % |
|
Adjusted operating income margin |
|
24.5 % |
|
21.6 % |
- GAAP EPS of $1.34 and operating margin of 18.0%.
- Adjusted EPS of $2.16, up 12% year-on-year.
- Adjusted operating income margin of 24.5%, an increase of 2.9 percentage points year-on-year.
|
|
GAAP |
Adjusted (non-GAAP) |
|
Net sales (billions) |
$6.3 |
$6.2 |
|
Sales change |
|
|
|
Total sales |
1.4 % |
2.3 % |
|
Components of sales change: |
|
|
|
Organic sales |
0.6 |
1.5 |
|
Acquisitions/divestitures |
— |
— |
|
Translation |
0.8 |
0.8 |
- Adjusted sales excludes manufactured PFAS products.
- Sales of $6.3 billion, up 1.4% year-on-year with organic sales up 0.6% year-on-year.
- Adjusted sales of $6.2 billion, up 2.3% year-on-year with adjusted organic sales up 1.5% year-on-year. 3M returned $1.3 billion to shareholders via dividends and share repurchases.
- Cash from operations of $(1.0) billion, driven by $2.2 billion net after tax payments for special item costs of significant litigation, primarily Public Water Systems and Combat Arms Earplugs.
- Adjusted free cash flow of $1.3 billion.
