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 dip, the company showcased a robust performance in other financial metrics.

Net Income and EPS Growth

The company's net income from continuing operations saw a significant rise to $1.12 billion, with diluted earnings per share (EPS) at $2.04. This marks an improvement 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 a range of $7.60 to $7.90.

Leadership's Perspective

CEO William Brown emphasized the company's focus on enhancing business fundamentals and fostering a new performance culture amidst a dynamic environment. "We are leveraging our global network and significant U.S. footprint to advance our strategic priorities," Brown stated. Following the earnings report, 3M's stock experienced a 2.51% decline in premarket trading.