Press Release

  • Grand News Network
  • October 24, 2023

Post-It Maker 3M Stock Gains On Q3 Performance, Raises FY23 Outlook Following EBITDA Margin Expansion

3M Co (NYSE: MMM) reported third-quarter FY23 adjusted net sales of $8.02 billion, a decline of 3% year-over-year, beating the consensus of $7.97 billion. Net sales totaled $8.31 billion, down 3.6% Y/Y, with an organic sales decline of 3.7%.

Adjusted EPS was $2.68 compared to $2.60 in 3Q22, beating the consensus of $2.34.

MMM reported an operating loss of $2.65 billion, compared to operating income of $4.16 billion a year ago.

Net cash provided by operating ...

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