3M Lifts Earnings Outlook as 3Q Profit Jumps
By Connor Hart
3M raised its full-year earnings outlook after posting higher profit and revenue in the latest quarter.
The maker of Post-It notes and Scotch Tape now expects adjusted earnings of $9.10 to $9.15 a share for the year, up from a prior outlook of $8.80 to $8.95 a share. Analysts polled by FactSet are looking for $8.94 a share.
The company continues to anticipate adjusted total sales growth of over 4.5%, factoring in a forecast for adjusted organic sales growth of more than 3.5%.
"Improving productivity through structural transformation and a stronger pipeline of differentiated technologies reinforce our confidence in the full-year outlook and long-term growth and margin potential," Chief Executive William Brown said.
In the third quarter, 3M reported a profit of $1.37 billion, or $2.63 a share, compared with $834 million, or $1.55 a share, a year earlier.
Stripping out one-time items, earnings came in at $2.50 a share. Analysts had expected adjusted earnings of $2.38 a share.
Net sales ticked up 1% to $6.58 billion, just below Wall Street estimates for $6.61 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 20, 2026 07:40 ET (11:40 GMT)
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