3M Company (MMM.US) reaffirms its 2025 sales guidance, expecting to surpass macroeconomic growth in the mid-term.
26/02/2025
GMT Eight
US industrial giant 3M Company (MMM.US) reiterated its sales guidance for fiscal year 2025 and provided mid-term outlook for expected growth in 2026-2027.
3M stated that it plans to return at least $10 billion in cash to shareholders and has set a target operating profit margin of around 25% by 2027. It also expects earnings per share (EPS) to achieve a high single-digit annual growth rate, with organic sales growth outperforming macroeconomic performance.
The company had previously stated in January that it expects adjusted EPS for fiscal year 2025 to be between $7.60 and $7.90 and adjusted total sales growth rate to be between 0.5% and 1.5%, reflecting an organic sales growth rate of 2%-3% on an adjusted basis.
Wall Street consensus expects adjusted EPS for fiscal year 2025 to be $7.81, with sales around $24 billion. Previously, adjusted EPS for fiscal year 2024 was $7.30, with adjusted sales of $23.6 billion and an organic adjusted growth rate of 1.2%.