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3M Company (MMM)
NYSE:MMM
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.98Last Year’s EPS
1.88Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized clear operational improvements, strong margin expansion, robust free cash flow and capital returns, and accelerating commercial excellence and innovation delivery. Management provided constructive 2026 guidance (higher organic growth, modest margin expansion, and EPS upside) and articulated a multi-year transformation plan to further improve margins and portfolio focus. Key near-term headwinds include consumer softness, auto aftermarket weakness, tariff and stranded-cost pressure, and ongoing litigation/PFAS risk. Overall, the company presented measurable progress and a positive outlook while acknowledging identifiable near-term risks.Company Guidance
Organic Sales Growth and Acceleration
Q4 organic sales growth of 2.2% and full-year organic growth of ~2.1% (company noted growth accelerated from ~1.5% H1 to 2.7% H2). Company expects ~3% organic growth in 2026, reflecting acceleration vs. 2025.
Margin Expansion and Earnings
Fourth-quarter adjusted operating margin of 21.1% (up 140 bps QoQ/YoY in the quarter) and full-year adjusted operating margin of 23.4% (up ~200 bps year-over-year). Q4 adjusted EPS was $1.83 (up ~9%); company reported full-year EPS growth of ~10% (company cited total EPS of $8.6 and earlier referenced adjusted EPS growth to ~$8.06). Guidance for 2026 EPS: $8.50–$8.70 and margin expansion of 70–80 bps.
Strong Free Cash Flow and Capital Returns
Adjusted free cash flow conversion ~130% in the quarter and slightly above 100% for the full year. Returned $4.8 billion to shareholders in 2025 (approximately $1.6 billion dividends and $3.2 billion gross share repurchases). Company plans ~ $2.5 billion gross repurchase in 2026.
Commercial Excellence & Innovation Momentum
Launched 284 new products in 2025 (up 68% vs. 2024) and targets ~350 launches in 2026. Sales of products launched in the last five years increased ~23% for the full year and exited Q4 at 44% growth, with NPVI at 13% (about 2 percentage points above start of year). Company expects NPI and commercial initiatives to drive a material portion of outperformance vs. macro (company cited ~ $300M+ outperformance vs. macro in 2026 with roughly half from NPI).
Operational Excellence Metrics
On-time-in-full (OTIF) above 90% (up 300 bps year-over-year and sustained for seven months), overall equipment effectiveness (OEE) ~63% (up ~300 bps across assets covering ~70% of production volume), and cost of poor quality improved to ~6% of cost of goods (down ~100 bps YoY) with targets of 5.4% in 2026 and <4% over time.
Segment & Geographic Strengths
Safety & Industrial (SIBG) Q4 organic sales +3.8% and full-year SIBG +3.2%; Transportation & Electronics Q4 organic +2.4% (full-year +2%); China grew mid-single digits and India grew mid-teens; U.S. and Europe delivered low-single-digit growth for the year.
Productivity & Operating Income Drivers
Full-year operating profit expansion driven by ~$200M from volume and ~$550M of net productivity in 2025. Company expects higher productivity in 2026 (~$600M) and incremental volume contribution versus 2025, supporting margin expansion and EPS guidance.
MMM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MMM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 20, 2026 | $167.80 | $156.12 | -6.96% |
Oct 21, 2025 | $154.12 | $165.93 | +7.66% |
Jul 18, 2025 | $157.63 | $151.87 | -3.65% |
Apr 22, 2025 | $124.36 | $134.46 | +8.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does 3M Company (MMM) report earnings?
3M Company (MMM) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is 3M Company (MMM) earnings time?
3M Company (MMM) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMM EPS forecast?
MMM EPS forecast for the fiscal quarter 2026 (Q1) is 1.98.
