Industrial Conglomerate 3M Reports Higher-Than-Expected Q4 Profit
St. Paul, Minnesota - Industrial conglomerate 3M Co (Ticker: MMM) announced fourth-quarter adjusted profits that exceeded analysts' estimates, powered by increased sales in industrial adhesives, tapes, and electronics.
Key Highlights:
* Fourth-quarter adjusted EPS: $1.68 (Est. $1.66)
* Revenue growth driven by electronics demand in vehicles and mobile devices
* Restructuring efforts optimize operations and portfolio, focusing on high-margin products
2025 Outlook:
* Adjusted EPS forecast: $7.60-$7.90 (Est. $7.77)
* Alignment with Wall Street estimates
Market Reaction:
3M shares surged 1.8% in premarket trading to $143.6.