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Home Materials Building Materials

3M Surges on Strong Q4 Results and Broad-Based Growth

byLiliana Vida
January 21, 2025
in Building Materials, Distributor, Electrical Equipment, Industrial Machinery, Large-Cap
Reading Time: 2 mins read
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Restructuring efforts and robust product demand drive record performance

Shares of 3M (MMM) climbed over 4% Tuesday, reaching $146.99—its highest level in three years—after the industrial giant surpassed fourth-quarter earnings and revenue forecasts. The company attributed its success to “broad-based growth,” strong holiday sales, and its nearly completed restructuring program initiated in 2023.

3M reported adjusted earnings per share of $1.68, beating analyst expectations, and generated $6 billion in revenue—a slight year-over-year increase of 0.1%. Excluding sales from “forever chemicals,” which the company has ceased producing, revenue still exceeded projections at $5.8 billion.

Growth was driven by standout performances in its Transportation & Electronics and Safety & Industrial units. The Transportation & Electronics segment saw a 3.4% rise in revenue to $7.5 billion, bolstered by new product launches and market share gains. Safety & Industrial revenue grew 0.7% to $11 billion, fueled by increased demand for industrial adhesives and roofing materials. However, revenue at the Consumer division declined 1.2% to $4.9 billion.

The company’s restructuring efforts, aimed at streamlining operations and enhancing margins, have largely concluded. These measures, along with strong demand for electronics, aerospace products, and industrial adhesives, solidified 3M’s performance during the quarter.

CEO Mike Roman highlighted the company’s ability to adapt and meet diverse market demands, positioning it well for sustained growth in 2025.

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