3M Q1 Earnings Call Highlights

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MarketBeat

Tue, April 21, 2026 astatine 10:51 AM CDT 8 min read

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Q1 EPS of $2.14 (up mid‑teens) with adjusted operating borderline astatine 23.8%, escaped currency travel >$500M, and $2.4 cardinal returned to shareholders (including $2B of buybacks and a 7% dividend increase).
Orders surged somewhat implicit 10% successful Q1 and backlog roseate 20% YoY (35% sequentially), which absorption says provides astir 400–500 ground points of further sum into Q2 contempt 75% of gross being a book‑and‑ship model.
3M reiterated full‑year guidance (~3% integrated sales, EPS $8.50–$8.70, FCF >$4.5B) portion readying to offset astir $125M of petrochemical outgo unit via pricing (total terms ~1.3 points) and pursuing footprint cuts (below 100 sites), $250M+ automation investments, and targeted M&A to thrust growth.
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3M Earnings: Fundamentals and Capital Returns to Drive Highs successful 2026

3M (NYSE:MMM) executives said the institution opened 2026 with “solid operating performance” successful the archetypal quarter, driven by borderline expansion, stronger earnings, and a crisp uptick successful orders that absorption believes supports an acceleration successful maturation implicit the remainder of the year.

Chairman and CEO Bill Brown told investors the institution delivered first-quarter net per stock of $2.14, up “mid-teens versus past year,” portion operating borderline accrued 30 ground points to 23.8%. Free currency travel was “over $500 million,” up treble digits, helium said, arsenic 3M continued to stress productivity and outgo discipline.

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Brown highlighted $2.4 cardinal returned to shareholders during the quarter, including $400 cardinal of dividends and $2 cardinal of stock repurchases. CFO Anurag Maheshwari said the dividend reflected a 7% per-share summation and described the repurchases arsenic “opportunistic.”

On the apical line, 3M reported integrated income maturation of 1.2%, which Brown characterized arsenic “a airy commencement to the year” amid “pockets of macro pressure.” Maheshwari said the institution performed up of expectations connected “orders, margins, earnings, and cash,” portion noting weaker-than-expected show successful immoderate extremity markets and successful the Consumer segment.

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Maheshwari said adjusted operating margins roseate to 23.8%, with measurement and productivity offsetting astir $145 cardinal of “tariff impact, stranded costs, and investments.” He added that operating income from the 3 concern groups accrued $85 million, portion firm results were a headwind owed to the planned wind-down of Solventum modulation services agreements.

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