First Quarter Financial Overview

3M Company announced on Tuesday that its first-quarter sales reached $6 billion, marking a 1% increase compared to the same period in 2024. Despite the slight rise, the figures reflect a challenging economic landscape.

Earnings and Outlook

The company's net income from continuing operations saw a significant jump to $1.12 billion, with diluted earnings per share (EPS) at $2.04. This is up from last year's net income of $928 million, or $1.27 per share. In light of these results, 3M has adjusted its full-year EPS outlook from continuing operations to between $7.60 and $7.90.

Leadership's Perspective

"In this dynamic environment, we remain focused on improving the fundamentals in the business, building a new performance culture, and advancing our strategic priorities while leveraging our extensive global network and significant U.S. footprint," stated CEO William Brown.

Market Reaction

Following the earnings report, 3M's stock experienced a 2.51% drop during premarket trading, indicating investor reactions to the quarter's performance and future expectations.