3M Firm (NYSE: MMM), a number one producer and distributor of commercial merchandise and options, on Tuesday reported a rise in gross sales and adjusted earnings for the third quarter of fiscal 2025.
- The corporate’s third-quarter gross sales elevated 3.5% year-over-year to $ $6.5 billion; natural gross sales up 2.6% YoY
- At 22.2%, working margin was up 130 bps; adjusted working margin rose 170 foundation factors from final 12 months to 24.7%
- Earnings, on a per-share foundation, fell 38% year-over-year to $1.55; internet revenue was $834 million within the September quarter, vs. $1.37 billion a 12 months earlier
- On an adjusted foundation, third-quarter earnings elevated 10% year-over-year to $2.19 per share
- Working money move was $1.8 billion through the quarter; the adjusted free money move got here in at $1.3 billion
- The administration raised its full-year adjusted earnings per share steering to vary from $7.95 to $8.05 from the earlier outlook of $7.75-$8.00
- Full-year adjusted working revenue margin is predicted to broaden between 180 bps and 200 bps
- Through the quarter, 3M returned $0.9 billion to shareholders via dividends and share repurchases
