3M Company (MMM)

[DewDiligence]

3M reports 3Q23 results—raises 2023 non-GAAP EPS guidance:

https://d1io3yog0oux5.cloudfront.net/_5cbb10b61269071d28abdd0a87b39497/3m/db/3222/30718/earnings_release/Q3+2023+Press+Release.pdf

3Q23 non-GAAP EPS was $2.68, up from $2.60 in 3Q22, and ahead of consensus expectations.

3M raised 2023 non-GAAP EPS guidance (which excludes the $10.3B+ PFAS settlement announced in June [#msg-172192818]) to $8.95-9.15 (from the prior range of $8.60-$9.10).

3M’s healthcare spin-off is now slated to occur during 1H24.


CC slides:
https://d1io3yog0oux5.cloudfront.net/_5cbb10b61269071d28abdd0a87b39497/3m/db/3222/30718/presentation/Q3+2023+Earnings+Presentation.pdf

Financial statements:
https://d1io3yog0oux5.cloudfront.net/_5cbb10b61269071d28abdd0a87b39497/3m/db/3222/30718/financial_statement/Q3+2023+Financial+Statement+Information.pdf