Industrial conglomerate 3M reports adjusted EPS (non-GAAP) up 11% to $2.42 for the last three months of 2023, with adjusted operating margin improving by 1.8 points to 20.9% of sales.

Also on an adjusted basis, revenues were broadly stable (-0.3%) at $7.69 billion, with a 1.4% organic decline largely offset by positive currency and scope effects.

For 2023 as a whole, the St. Paul, Minnesota-based group posted adjusted EPS of $9.24 on a 3.2% organic decline in sales. For 2024, it anticipates target ranges of $9.35 to $9.75 and 0 to +2% respectively.

Copyright (c) 2024 CercleFinance.com. All rights reserved.