3M Co. (MMM) Tops Q2 EPS by 44c; raises guidance

3M Co. (NYSE: MMM) reported Q2 EPS of $2.17, $0.44 better than the analyst estimate of $1.73. Revenue for the quarter came in at $7.99 billion versus the consensus estimate of $7.9 billion.

GUIDANCE:

3M Co. sees FY2023 EPS of $8.60-$9.10, versus the consensus of $8.62.

Adjusted total sales growth in the range of -5 to -1 percent, reflecting adjusted organic sales growth of -3 percent to flat, which remains unchanged.

Adjusted operating cash flow of $5.9 to $6.3 billion is contributing to 90% to 100% adjusted free cash flow conversion, which is also unchanged.

For earnings history and earnings-related data on 3M Co. (MMM) click here.

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