3M: annual EPS target range tightened upwards
(CercleFinance.com) - On the sidelines of its quarterly publication, 3M said it was raising its adjusted (non-GAAP) EPS target for 2024 to $7.
30 from a previous range of $6.80-7.30, on the basis of organic adjusted sales growth still forecast at between 0 and 2%. NB: pmt +6.4%.
The industrial conglomerate saw its Q2 adjusted EPS climb 39% to $1.93, on the back of a 4.4-point improvement in adjusted operating margin to 21.6% on adjusted sales of $6.02bn (+1.2% organic).
Looking ahead, we will focus on three priorities: sustained organic revenue growth, improved operating performance and effective capital deployment, CEO William Brown says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
30 from a previous range of $6.80-7.30, on the basis of organic adjusted sales growth still forecast at between 0 and 2%. NB: pmt +6.4%.
The industrial conglomerate saw its Q2 adjusted EPS climb 39% to $1.93, on the back of a 4.4-point improvement in adjusted operating margin to 21.6% on adjusted sales of $6.02bn (+1.2% organic).
Looking ahead, we will focus on three priorities: sustained organic revenue growth, improved operating performance and effective capital deployment, CEO William Brown says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.