ST. PAUL, Minn. – October 21, 2025 − 3M (NYSE: MMM) today reported third-quarter 2025 results (Form 8-K)

ST. PAUL, Minn. - October 21, 2025 − 3M (NYSE: MMM) today reported third-quarter 2025 results.

"I am very pleased with our teams' focus on reinvigorating organic top-line growth and improving operational performance resulting in another strong quarter," said William Brown, 3M Chairman and CEO. "The 3M excellence model helped accelerate organic sales growth, increase margins, grow EPS double-digits and generate robust free cash flow. This progress gives us the confidence to raise our full-year margin and EPS guidance which positions us well to achieve the strategic and financial commitments we made at our Investor Day earlier this year."

Third-quarter highlights:

									Q3 2025						Q3 2024
			GAAP EPS from continuing operations (GAAP EPS)						$	1.55					$	2.48
			Special items:
			Net costs for significant litigation						0.19						0.51
			(Increase) decrease in value of Solventum ownership						0.13						(1.05)
			Manufactured PFAS products						-						0.04
			Loss on business divestitures						0.30						-
			Transformation costs						0.02						-
			Adjusted EPS from continuing operations (adjusted EPS)						$	2.19					$	1.98
			Memo:
			GAAP operating income margin						22.2		%				20.9		%
			Adjusted operating income margin						24.7		%				23.0		%

•GAAP EPS of $1.55 and operating margin of 22.2%.

•Adjusted EPS of $2.19, up 10% year-on-year.

•Adjusted operating income margin of 24.7%, an increase of 170 basis points year-on-year.

									GAAP						Adjusted (non-GAAP)
			Net sales (billions)						$6.5						$6.3
			Sales change
			Total sales						3.5%						4.1%
			Components of sales change:
			Organic sales						2.6						3.2
			Acquisitions/divestitures						(0.1)						(0.1)
			Translation						1.0						1.0
			Adjusted sales excludes manufactured PFAS products.

•Sales of $6.5 billion, up 3.5% year-on-year with organic sales up 2.6% year-on-year.

•Adjusted sales of $6.3 billion, up 4.1% year-on-year with adjusted organic sales up 3.2% year-on-year.

•3M returned $0.9 billion to shareholders via dividends and share repurchases.

•Cash from operations of $1.8 billion.

•Adjusted free cash flow of $1.3 billion.

This document includes reference to certain non-GAAP measures. See the "Supplemental Financial Information Non-GAAP Measures" section for applicable information.

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Updated full-year guidance

3M updated its full-year 2025 guidance given the company's performance in the first nine months of the year.

•Adjusted total sales growth1 of >2.5 percent, reflecting adjusted organic sales growth1 of >2 percent.

•Adjusted operating income margin expansion1 of 180 bps to 200 bps.

•Adjusted EPS1 in the range of $7.95 to $8.05.

•Adjusted operating cash flow1 of $5.2 to $5.4 billion, contributing to >100 percent adjusted free cash flow conversion1.

1As further discussed at 4 within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.

Conference call

3M will conduct an investor teleconference at 9 a.m. ET (8 a.m. CT) today. Investors can access this conference via the following:

•Live webcast at https://investors.3M.com

•Webcast replay at https://investors.3m.com/financials/quarterly-earnings

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