3M: EPS targets tightened upwards for 2024
(CercleFinance.com) - On the sidelines of its quarterly publication, 3M said it is raising its target range for adjusted EPS (non-GAAP) for 2024 to $7.
20-$7.30 from $7-$7.30, based on organic adjusted sales growth of around 1%.
The industrial conglomerate saw its adjusted EPS climb 18% to $1.98 for Q3 2024, boosted by a 1.4-point improvement in adjusted operating margin to 23% on adjusted sales of E6.07bn (+1% in organic terms).
We are confident that our work on our three priorities - organic growth, operational excellence and capital deployment - will generate long-term value creation for our shareholders, CEO William Brown says.
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20-$7.30 from $7-$7.30, based on organic adjusted sales growth of around 1%.
The industrial conglomerate saw its adjusted EPS climb 18% to $1.98 for Q3 2024, boosted by a 1.4-point improvement in adjusted operating margin to 23% on adjusted sales of E6.07bn (+1% in organic terms).
We are confident that our work on our three priorities - organic growth, operational excellence and capital deployment - will generate long-term value creation for our shareholders, CEO William Brown says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.