3M Turnaround Gains Momentum, Raises 2026 Profit Outlook

3M Company (NYSE: MMM ) stock climbed in Tuesday’s premarket session after the maker of Post-it reported better-than-expected second-quarter results and raised its full-year guidance. 25. 41 billion. 3M Chairman and CEO William Brown said the company exceeded its own expectations in the second quarter, delivering mid-single-digit sales growth, operating margins of about 25% and double-digit earnings growth.

He said the performance reflects progress on the company’s strategic priorities and efforts to build a higher-performing business. Brown said the strong first-half results and continued business momentum prompted 3M to raise its full-year guidance. He added that management remains confident in its ability to deliver long-term shareholder value.

3M raised its full-year profit forecast on Tuesday, helped by cost-cutting measures, price increases and continued strength in its Safety & Industrial business, The company’s margin performance has also benefited from new product launches and customer service initiatives under CEO Brown, helping offset weak demand amid a prolonged inflationary environment. 4%. 3M launched 92 new products during the quarter, up 44% from the prior year. 9%.

4 billion to shareholders during the quarter. 2% year over year. 8%. 07 billion.

6% a year earlier. 1% in the prior-year quarter. 70. 75.

15 billion. 5% and adjusted operating margin expansion of 70 to 80 basis points. 0 billion, implying adjusted free cash flow conversion of more than 100%. 3M said it remains on track to launch more than 350 new products in 2026 and more than 1,000 by 2027.

00 during premarket trading on Tuesday, according to Pro data. Photo via Shutterstock