3M recently released its second-quarter financials, reporting sales of $6.3 billion, down 0.5% year-on-year, with organic sales down 0.3% year-on-year. The company reported adjusted sales of $6.0 billion, up 1.1% year-on-year with adjusted organic sales up 1.2% year-on-year. 3M announced adjusted EPS from continuing operations of $1.93, up 39% year on year. 

"We delivered another strong quarter with adjusted earnings growth up double-digits and robust cash generation. I want to thank 3M employees for their exceptional execution, which we expect to continue in the second half of the year," said William Brown, 3M Chief Executive Officer. "As I look ahead, I am focused on three priorities: driving sustained organic revenue growth, increasing operational performance, and effectively deploying capital. I have long admired 3M's track record of innovation and am excited to be leading this great company and by the opportunities ahead."

In a press release about the results, the company updated its full-year adjusted earnings expectations. The forecast was changed given the company's strong operational execution in the first half of the year. 3M moved its adjusted EPS for 2024 from $6.80 to $7.30 to $7.00 to $7.30. The company kept its adjusted total sales forecast the same at -0.25% to +1.75%. The forecast for adjusted organic sales growth also remained the same at a flat +2%.

Learn more about 3M at www.3m.com.