ST. PAUL, Minn. – July 18, 2025 − 3M (NYSE: MMM) today reported second-quarter 2025 results (Form 8-K)

ST. PAUL, Minn. - July 18, 2025 − 3M (NYSE: MMM) today reported second-quarter 2025 results.

"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.

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 half of the year. The updated guidance includes the impact from tariffs.

•Adjusted total sales growth1 in the range of ~2.5 percent, reflecting adjusted organic sales growth1 of ~2.0 percent.

•Adjusted EPS1 in the range of $7.75 to $8.00.

•Adjusted operating cash flow1 of $5.1 to $5.5 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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