3M Reports Second-Quarter 2025 Results, Increases Full-Year EPS Guidance

GAAP sales of $6.3 billion, up 1.4%; operating margin 18.0%, down (230) bps; EPS of $1.34, down 38%, all YoY

Adjusted sales of $6.2 billion with organic growth of 1.5% YoY

Adjusted operating margin of 24.5%, up 290 bps YoY

Adjusted EPS of $2.16, up 12% YoY

Operating cash flow of $(1.0) billion with adjusted free cash flow of $1.3 billion

2025 adjusted EPS guidance increased from $7.60 - $7.90 to $7.75 - $8.00, including the impact of tariffs

ST. PAUL, Minn., July 18, 2025 /PRNewswire/ -- 3M (NYSE: MMM) today reported second-quarter 2025 results.

"We delivered strong results in the second quarter, posting positive organic sales growth and double-digit EPS growth," said William Brown, 3M Chairman and CEO. "This continues our trend from Q1 with all three business groups growing organically for the third quarter in a row. Our 3M eXcellence operating model is the foundation for delivering on each of our strategic priorities, and it drives the operating rigor and rhythm of our performance culture. With execution improving and solid results in the first half, we have confidence in our increased full-year EPS guidance, which now embeds the expected impact of tariffs."

Second-quarter highlights:

Q2 2025

Q2 2024

GAAP EPS from continuing operations (GAAP EPS)

$          1.34

$          2.17

Special items:

Net costs for significant litigation

0.79

0.44

(Increase) decrease in value of Solventum ownership

0.01

(2.00)

Pension risk transfer charge



1.09

Manufactured PFAS products

0.02



Divestiture costs



0.23

Adjusted EPS from continuing operations (adjusted EPS)

$          2.16

$          1.93