3M Stock Soars as Profit, Sales Top Estimates
3M's first-quarter earnings and revenue exceeded forecasts as all three of its divisions posted sales gains.
The giant manufacturer gave an update on how Trump administration tariffs could impact full-year profit.
3M shares surged 7.5% to move into positive territory for the year.3M (MMM) shares jumped 7.5% Tuesday as the multinational manufacturing conglomerate posted better-than-expected results and explained how the Trump administration tariffs may impact future performance.
The maker of Post-it Notes and personal protective equipment reported first-quarter adjusted earnings per share (EPS) of $1.88 on revenue that slipped 1% year-over-year to $5.95 billion but also topped Visible Alpha consensus estimates.
The gains were driven by a 2.5% increase in sales to $2.75 billion at the Safety & Industrial segment. Sales were up 1.1% to $1.82 billion at the Transportation & Electronics group, and 0.3% higher to $1.12 billion at the Consumer division.
CEO William Brown explained that the company faced a "dynamic environment," and that 3M remained focused "on improving the fundamentals in the business, building a new performance culture and advancing our strategic priorities while leveraging our extensive global network and significant U.S. footprint."
3M reiterated its full-year adjusted EPS guidance of $7.60 to $7.90, but added a note about what it called "additional tariff sensitivity," which it said could cut that by $0.20 to $0.40 per share.
The news sent shares of 3M into positive territory for 2025.
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14 minutes ago
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